Pakistan President Arif Alvi signed the PIDA ordinance last month to facilitate reclamation and urban planning on Bundal and Bhuddo islands.
Security risks and costs of the USD 60 billion China-Pakistan Economic Corridor (CPEC) are rising amid a resurgence of the deadly attacks by separatists in the troubled Balochistan province.
The approval by the key government body has set the stage for the final negotiations with China for financing the project and talks with IMF to address its concern over a big loan from Beijing.
Chinese Foreign Minister Wang Yi said that the demand for public health expansion in view of the COVID-19 all over the world will give a new impetus to project expansion.
China and Pakistan 'reaffirmed their commitment to fight terrorism' in all its forms and manifestations and both sides also discussed the multi-billion dollar China-Pakistan Economic Corridor (CPEC).
The CPEC project with across the board acceptability, is already bringing relief in energy and infrastructure sectors, the CPEC Authority Chairman tweeted.
Senior US diplomat Alice Wells said that companies blacklisted by the World Bank have got contracts under the CPEC.
At a think-tank event, Wells, who is on a four-day visit to Pakistan, said that there was no transparency in CPEC projects financed by China and it has lead to Pakistan's debt burden.
Nazar, who calls himself a freedom fighter of Baloch Liberation Front (BLF) demanded an independent Balochistan.
The CPEC links China's Kashgar in Xinjiang province with Pakistan's Gwadar port in Balochistan through a network of roads, railways and highways.
India has objected to the USD 50 billion CPEC as it passes through Pakistan-occupied Kashmir.
Doklam standoff: Important to not change status quo at sensitive points at India-China border, says Indian envoy
The 73-day standoff at Doklam in Sikkim where Chinese military attempted to build a road close to Chicken Neck corridor has sparked a new round of tensions at the border.
US President Trump's pressure on Pakistan may boost Chinese ties, let China build military base near Chabahar port: report
The proposed base at Jiwani is located just a stone's throw from Chabahar port being jointly developed by Iran, India and Afghanistan to ensure a trade corridor for Indian exports to Afghanistan.
The security cooperation agreement was reached when Meng Jianzhu met visiting Pakistani Foreign Minister Khawaja Asif the day before in Beijing.
Chinese Foreign Minister Wang Yi asserted that the purpose of the USD 46 billion China-Pakistan Economic Corridor was economic.