On April 11, Pakistan's parliament elected Shahbaz Sharif as the country's new prime minister. As the new leader took office, relations between China and Pakistan are set to enter a heyday leveraging a long track-record of deep harmony.
Back in 2015, when Sharif served as the Chief Minister of Punjab, the two countries jointly launched the China-Pakistan Economic Corridor (CPEC), a signature project under the China-proposed Belt and Road Initiative (BRI). Sharif was then widely recognized for his performance in pushing China-Pakistan ties into a higher gear, especially when it came to CPEC.
Close economic ties are manifested in bilateral trade flow. In the first two months of 2022, Pakistan's exports to China crossed the $67 million mark, a 23 percent increase year-on-year. The prospects of economic cooperation between China and Pakistan are unlimited, underpinned by an existing multi-dimensional and enduring strategic, economic partnership based on mutual trust, respect and harmony.
The two neighboring countries have eyed numerous development goals. Among others, the main thrust in future will be on modern industrialization and tech-enabled science and technology joint-ventures. Petrochemical, hydro-energy projects, oil refineries, biodiversity and electrical vehicles and infrastructure are all considered priority areas.
Over recent months, economic turmoil has swept through a number of South Asian countries including Sri Lanka and Nepal. With blatant opposition to BRI...
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