In late September 2019, the master plan of the city of Gwadar in Pakistan was finally approved by local authorities; large projects may now start!
Creation of a CPEC secretariat, a new agency that will manage projects related to the Belt and Road in Pakistan: an important step for the CPEC.
On April 21, 2019, Pakistani Prime Minister Imran Khan made a historic visit to Iran and met with President Hassan Rouhani and pledged to support the BRI.
Although China plays a leading role in this initiative, other countries such as Pakistan and Russia are more and more involved in the BRI.
Italy’s undersecretary of state Michele Geraci stated that the BRI is a debt trap for Sri Lanka, Malaysia and maybe Pakistan!
In early 2019, several states in Middle East announced their interest in the port of Gwadar in Pakistan. The port of Gwadar is the flagship project of China-Pakistan Economic Corridor (CPEC). With the opening of the CECP to the rest of the world, the port of Gwadar is likely to become a major hub connecting China, South Asia, the Middle East and Africa.
The China-Pakistan Economic Corridor (CPEC) is now officially open to all international investors. This is an invitation sent to Europe to participate in this major program that will transform Pakistan and South Asia.