China-Pakistan Sign in to start second-phase of CPEC. ~Preet Pakistan and China signed a new agreement on 4th of February 2022, to start the second phase of the USD 60 billion China-Pakistan Economic Corridor (CPEC), with Prime Minister Imran Khan praising the controversial projects, saying they are strategic for both countries and will provide tangible benefits to the people. On Friday, Khan held a virtual meeting with He Lifeng, Chairman of China's apex planning body, the National Development and Reform Commission (NDRC), to discuss the expansion of Chinese investments in Pakistan. Khan arrived in China on Thursday for a four-day visit to attend the opening ceremony of the 2020 Beijing Winter Olympics and meet with top Chinese leadership. According to Pakistan's state-run Associated Press of Pakistan news agency, State Minister and Chairman of the Board of Investment Muhammad Azfar Ahsan and He signed the Framework Agreement on Industrial Cooperation, which aims to attract