• CPEC is flagship project of Belt and Road initiative: PM

CPEC is flagship project of Belt and Road initiative: PM

2018Signed MoU with Chinese tech giant “Alibaba Group”


HANGZHOU – Prime Minister Nawaz Sharif on Tuesday said that China Pakistan Economic Corridor (CPEC) is the flagship project of Belt and Road initiative of China.

“The two countries are standing together for the prosperity and well being of their people,” he said while talking to Communist Party Secretary of Chinese province of Zhejiang, Che Jun in Hangzhou.

The two leaders discussed matters of mutual interest and bilateral relations between Pakistan and China. The Prime Minister said, “Pakistan and China are iron brothers who enjoy a relationship which is higher than the highest mountains in the world,” adding that Pakistan and China are all weather friends.

Secretary of the Committee of the CPC of Zhejiang welcomed the Prime Minister and said, “Pakistan and China have the relations based on history and culture. Both the nations have door rooted connections which are transformed in people to people relationship.”

Che Jun briefed the Prime Minister about Zhejiang province. He told the PM that, “The province is the economic hub and historically is the part of Silk Route. Last year the Zhejiang did 3.5 Billion dollars business.”

Pakistan also signed a Memorandum of Understanding with Alibaba Group Holdings Limited to promote country’s worldwide exports by Small and Medium Enterprises through e-commerce.

The agreement between Alibaba and Trade Development Authority of Pakistan was signed by Commerce Minister Khurram Dastgir and Michael Evans, President of Alibaba Group, and Douglas Feagin, Senior Vice President of Global Business of Ant Financial, on behalf of Alibaba, during the visit of Prime Minister Muhammad Nawaz Sharif to the headquarters of the company.

Alibaba Group’s Executive Chairman, Jack Ma and Prime Minister Nawaz Sharif witnessed the signing ceremony. Under the terms of the MoU, Alibaba, Ant Financial, and TDAP agreed to foster growth of worldwide exports of products by small and medium sized enterprises (SMEs) in Pakistan through e-commerce.


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