The launch apparently is coinciding with Pakistani Prime Minister Imran Khan's maiden visit to China starting Friday.
On domestic economic challenges, the prime minister said that his government is taking measures to address the current account deficit, which he called as the biggest challenge in Pakistan's economy, by seeking a bailout from the International Monetary Fund (IMF) and help from friendly countries.
Xi told Khan that he highly valued the two country's relations, reaffirming they were "all-weather" friends. He said that we are neither surprised nor did we expect anything substantial to be delivered there, because of the mindset India prefers to be in denial mode since the tragedy of Kashmir was born in 1947.
Imran Khan's visit to China will provide an "opportunity" for the two countries to open a "new chapter" of bilateral relations "under the new circumstances", Chinese Foreign Ministry spokesman Lu Kang said on Monday.
Earlier, during the meeting, President Xi Jinping congratulated Prime Minister Imran Khan on his election and assumption of office and conveyed his desire to work with the prime minister for strengthening Pakistan-China strategic cooperative partnership for shared future.
On the sidelines of Shanghai forum, the prime minister will hold meetings with other world leaders as well as the leaders of Chinese financial and corporate sector. Khan will meet with Chinese Premier Li Keqiang on Saturday and will attend a massive import expo hosted by Xi in Shang. They also reviewed all the aspects of Pakistan-China strategic partnership.
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The prime minister emphasized that President Xi's vision of connectivity - Belt and Road, and its flagship project CPEC, would lead to shared prosperity in the region and beyond.
The bus service instigated by North-South Transport (Pvt) Limited was to begin operation of travel services from Lahore to Kashgar in China but owing to uncertainties of the country's security situation, the launch was put off.
It is also seeking fresh loans from Saudi Arabia and China, discussion of which is expected to dominate Khan's visit.
He was accompanied by Foreign Minister Shah Mahmood Qureshi, Finance Minister Asad Umar, Minister for Railways Sheikh Rashid Ahmed, Minister for Planning Khusro Bakhtiar, Advisor to PM on Commerce Abdul Razak Dawood and Balochistan Chief Minister Kamal Khan. China has in total pledged more than $60 billion to Pakistan in the form of loans and investments for roads, ports, power plants and industrial parks.
"A World Test Championship, which would in essence be an ICC event, there can not be an objection from either government, like the World Cup, to disallow the appeals to play against each other", said Ray.