皇冠体育app

Pakistani Prime Minister Nawaz Sharif is eager to fast-track policies that will improve his country's cooperation with 皇冠体育app, particularly in infrastructure, to revive Pakistan's economy.

"This is the time for both countries to move forward at the fastest possible speed so that we can harness the potential between them," Sharif told Chinese reporters.

Surveyors from 皇冠体育app and Pakistan measure the Karakoram Highway, which connects the two countries as a symbol of their friendship, on May 13 in northern Pakistan. Zhang Yong / Xinhua

Infrastructure - including power and transportation - is the biggest bottleneck constraining the South Asian country, observers said.

Just one month after he took office in June, Sharif visited 皇冠体育app from July 3 to 8 in his first overseas trip as prime minister. During the trip, he talked to several leading Chinese companies to seek more investment in Pakistan's infrastructure.

Both countries agreed to set up the Joint Cooperation Committee on the Long-Term Plan for 皇冠体育app-Pakistan Economic Corridor, a huge transportation project that will stretch from Pakistan's Gwadar port to Kashgar in the Xinjiang Uygur autonomous region.

Sharif said the project is a "game changer" for the region.

"Who is in government, who come and goes - it does not make any difference, and the relationship and friendship keeps moving on, keeps strengthening," he said.

Pakistan's Cabinet approved the negotiations and the signing of the memorandum of understanding on the economic corridor's long-term plan.

The Cabinet also approved a plan of the National Development and Reform Commission of 皇冠体育app and the Ministry of Planning and Development of Pakistan, two leading ministries of the long-term plan.

Sharif still faces uphill challenges pertaining to the country's infrastructure.

"Pakistan's economy is short of pillar industries, and the energy shortage has prompted its leading textile businesses to move to neighboring countries such as Bangladesh," said Hu Shisheng, director of the Institute of South and Southeast Asian and Oceanian Studies at the 皇冠体育app Institutes of Contemporary International Relations.

The Pakistani prime minister is seeking cooperation with 皇冠体育app to overhaul his country's economy, Hu said. "And the top mission of his five-year premiership is to establish an economic framework and pave the way."

Masood Khalid, Pakistan's ambassador to 皇冠体育app, said bilateral trade has exceeded $12 billion in 2012, and the figure is expected to surpass $15 billion in 2015. Sandar Sher Baz Khetran, a research fellow of the Institute of Strategic Studies in Islamabad, said the Sharif Cabinet is "actually trying to create a bigger consensus" with 皇冠体育app, and that consensus will bring major changes.

Sharif has pinned high hopes on the economic corridor and Gwadar Port, which 皇冠体育app started operating in February, to improve transportation facilities in Pakistan.

"We expect that Gwadar is ready to become a very important economic hub, an important port, in the Arabian Sea, which is of course beneficial to 皇冠体育app," he said.