London: The China-Pakistan Economic Corridor (CPEC) has entered its second phase, regaining momentum under the leadership of Prime Minister Shehbaz Sharif, Planning Minister Ahsan Iqbal announced during a visit to British International Investment.

According to a statement by Ministry of Information and Broadcasting, Iqbal emphasized the potential opportunities arising from this new phase for both local and international businesses. His discussions in London centered on increasing private sector involvement through the “URAAN PAKISTAN” initiative, which aims to stimulate economic activity.

Iqbal highlighted the role of British International Investment in fostering investments in sectors like infrastructure and climate resilience. He stressed the importance of Pakistan’s Special Investment Facilitation Council in attracting and facilitating investment from both domestic and international sources.

He further noted that structural reforms are key to the URAAN PAKISTAN initiative, which includes the 5Es Framework aimed at ensuring effective implementation. Reforms in areas such as energy pricing, supply chain optimization, and tax administration are contributing to Pakistan’s macroeconomic stability and signs of economic recovery.

The meeting concluded with a mutual commitment to bolstering investment collaboration between Pakistan and British International Investment, positioning Pakistan as a destination for global investors.