China Pakistan Economic Corridor is hope of better region of the future with peace, development and growth of economy. Construction and improvements in railways, roads, oil and gas pipelines in the CPEC will enhance the economic activity and will improve the relations in both countries. CPEC will connect the country to the One Belt One Road project which has now named BRI (Belt Road Initiative) and offer shortest access to the markets of Central Asia and Europe as well.
CHINA’S GEO-STRATEGIC & GEO-POLITICAL INTERESTS?
China-Pakistan Economic Corridor is a framework of regional connectivity. CPEC will not only benefit China and Pakistan but will have positive impact on Iran, Afghanistan, India, Central Asian Republic, and the region. The project was launched on April 20, 2015. The worth of CPEC project is $64 Billion or more. The goal of CPEC is both to transform Pakistan’s economy by modernizing its road, rail, air, and energy transportation systems and to connect the deep-sea .
Pakistani ports of Gwadar. China Pakistan Economic Corridor is hope of better region of the future with peace, development and growth of economy. Construction and improvements in railways, roads, oil and gas pipelines in the CPEC will enhance the economic activity and will improve the relations in both countries. CPEC will connect the country to the One Belt One Road project which has now named BRI (Belt Road Initiative) and offer shortest access.
VISION AND MISSION OF CPEC
It is a project worth $64 Billion. It provides a much needed base for Pakistan to kick start its economic growth. More job opportunities will be created and trade between China and Pakistan will improve leading to GDP growth of Pakistan. It will modernize the Pakistan infrastructure and transportation facilities. Globalization may get a great boost from CPEC. The concept of Share Wealth, Share Peace, Share Future could be conceived anywhere in the world. CPEC is the route to friendship and economic growth and it will open doors to the prosperous world of tomorrow.
CHINA-PAKISTAN ECONOMIC CORRIDOR REGIONAL IMPLICATIONS
The CPEC is the true p i c t u r e o f Pakist an-China time-tested friendship. W h e n P a k ist a n w a s isolated due to the US war against terrorism, China was the only country to express its willingness to invest in, which launched a significant CPEC project that has proved to be a game-changer for the latter. The CPEC will lay positive impact for rapidly upgrade P a k ist a n 's r e q u ir e d i n f r a s t r u c t u r e a n d strengthen its economy by the construction of modern transportation networks, numerous energy projects, and special economic zones.
A v a s t n e t w o r k o f highways and railways are to be built under the CPEC throughout the length and breadth of Pakistan. The modern transportation network will link seaports in Gwadar and Karachi with northern Pakistan, as well as areas further north in western China and Central Asia. Besides 1,100-kilometre-long motorway between Karachi and Lahore, the Karakoram Highway from Hasan Abdal to the Chinese border will be completely reconstructed and overhauled. The Karachi–Peshawar main railway line, ML One, will be upgraded to meet to requirement of the day. According to an estimate, the CPEC is likely to create about 575,000 direct and over one million indirect jobs in four special economic zones (SEZs) being set up in Khyber Pakhtunkhwa, Punjab, Sindh and Baluchistan provinces respectively.
The CPEC project is not against any country. Instead, it welcomes other countries to join in as Saudi Arabia, UAE and Iran and many other countries are showing their interest. CPEC is being developed in a way that it cannot just be a stimulus to our economic growth but also provides Pakistan basis for regional integration, socio-economic development,interoperabilit, harmonized development and effective management of its resources – all of which are in line with the Sustainable Development Goals (SDGs). The CPEC is not just an economic project; it has many civilizational, cultural, p o liti c a l a n d str a t e g i c dimensions.
IMPACT ON PAKISTAN’S SOCIO ECONOMIC GROWTH
China-Pakistan Economic Corridor (CPEC) is a regional connectivity venture that will enhance the trade and economy, improve infrastructure, overcome energy crisis, and help establish people-topeople contacts between China and Pakistan. CPEC is a mega project which is being built with the aim to connect the southern port of Pakistan at Gwadar through highways, rail networks and pipelines to China’s North-Western Xinjiang region for connectivity. This mega development project is considered very vital for economic growth of China and Pakistan. As far as the cost of this project is concerned, it is estimated to be $ 62 billion, with an optimistic expectation for the completion period of the project by 2030.
CPEC is a cutting-edge socioeconomic initiative of Pakistan and China in the 21st Century that holds promise for the wellbeing of people of the two countries. CPEC is vital for Pakistani business organizations and the corporate community which is providing them opportunity to associate with the rising economy of the world. The economic activity generated by CPEC shall reflect the country as a safe place to do business. Resultantly, Pakistan might be in a better position to connect with other economies of the region and beyond once its own economy is set to perform better. After the initial phase of addressing energy and infrastructure needs of Pakistan, CPEC now enters the industrialization phase with nine economic zones being planned. This phase is likely to create millions of jobs after industries are set up and many Chinese industries are relocated in the process According to the Gwadar Port Authority (GPA), Gwadar port will potentially create 40,000 jobs with commencement of port operation. Pakistan needs to work on a war footing to create capacity to take advantage of the project like CPEC because it has promise of prosperity.
People-to-people contacts are weak link in China-Pakistan relations, particularly in the wake of CPEC. Both the governments are endeavoring to create awareness with regard to cultural ties and people-topeople contacts. An agreement to promote culture has been signed between Pakistan Television and China Central Television in China Press and Pakistan Information Ministry. CPEC, therefore, will promote cross-cultural linkages between China and Pakistan. A developing nation like Pakistan needs to work on a war footing to create capacity to take advantage of the project like CPEC because it has promise of prosperity, it pledges to foster socio-economic vision, it has potential to change life of millions.
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