China and Pakistan have reached a “new broad consensus” on deepening strategic ties to beef up development of a joint economic corridor and establish the port of Gwadar as a regional connectivity hub, the neighbors said on Tuesday.

Axar.az informs, citing Reuters, the remarks came in a joint statement as Pakistan’s Prime Minister Shehbaz Sharif wrapped up a visit to Beijing at a time when Islamabad is seeking investment while navigating tension with Afghanistan and mediating in the Iran war.

“Both sides welcomed third parties to participate in the development of the China-Pakistan Economic Corridor under the model agreed,” they said in the statement, issued after Sharif met Chinese President Xi Jinping and Premier Li Qiang.

They agreed to promote “high-quality” development of CPEC, a flagship project of China’s Belt and Road initiative, develop Pakistan’s port of Gwadar, and strengthen road and port links.

These plans encompass the Khunjerab Pass and an upgrade of the Karakoram Highway, the main overland link between China and Pakistan.

Pakistan also promised targeted steps to boost security and cooperation to ensure the safety of Chinese workers and investments in Pakistan, a key concern for Beijing after repeated militant attacks on its nationals and projects.