The MoU was signed by Minister for Planning, Development and Reform, Makhdoom Khusro Bakhtiar and Vice Chairman of the National Development and Reform Commission of China, Ning Jizhe at the 8th meeting of the Joint Cooperation Committee on China-Pakistan Economic Corridor in Beijing.
Both sides underscored the significance of the CPEC for win-win cooperation and reviewed the progress achieved after the 7th JCC meeting.
The two sides also reviewed the progress on the long-term plan for CPEC, energy cooperation, transport infrastructure, Gwadar and industrial cooperation.
They expressed satisfaction over the progress achieved on projects relating to the energy cooperation and transport infrastructure and emphasized on the need to speed up the work on projects concerning Gwadar Port and industrial cooperation.
They also discussed the way forward for the effective and timely implantation of various projects under CPEC.
The two sides discussed ways and means to implement the bilateral economic cooperation and further deepen the all weather strategic partnership of the two countries.