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Pakistan, striving to maintain the growth momentum, suffered a setback last week when China stepped away from the virtual 10th Joint Cooperation Committee (JCC) meeting at the eleventh hour. The JCC meeting was projected to accelerate the China-Pakistan Economic Corridor (CPEC) and boost industrialisation. Reacting sharply to the terrorist attack targeting Chinese nationals engaged at the 4,320-megawatt Dasu hydropower project in Khyber-Pakhtunkhwa, China pulled out of the JCC meeting. Pakistan and China were expected to sign a framework agreement for industrial cooperation, cementing the earlier signed memorandum of understanding (MOU). Besides exchanging notes on the issues of mutual interest, they intended to decide on a host of pending matters related to project implementation under CPEC. The high-powered meeting was to be jointly headed by Asad Umar, minister for planning and development, and He Lifeng, chairman of the National Development and Reform Commission of China.

Gen asim saleem bajwaAsad umarSerena quettaImran khanSalim razaEhsan malikCooperation committeePakistan stock exchangeInternational monetary fundNational developmentPakistan business councilMinistry of planningReform commission of chinaJoint cooperation committeeChina pakistan economic corridorReform commission