Web.pk

11 Interesting Things about China-Pakistan Economic Corridor (CPEC)

By Abdul Hadi — Published on 06/11/2016
ADVERTISEMENT
CONTINUE READING BELOW

The Economic Corridor is a strategic disposition used to integrate cities/countries to trigger economic development. This includes linkage through infrastructure development encompassing augmentation of railway lines, pipelines, roads, and ports, etc.

ADVERTISEMENT
CONTINUE READING BELOW

China-Pakistan Economic Corridor is nowadays one of the most ventilated propositions on media. The beautiful prints of the agreement have inseminated seeds of felicity and confidence among nationals of both countries with its promising fruition. The prospective corridor of opportunities costing $ 51 billion is on one side the biggest overseas investment incurred by China as a step to fulfill its One Belt One Road dream and the largest historic Foreign Direct Investment inflow into Pakistan, reflecting its significance through its inclusion in the next five years development plan of People’s Republic of China.

The fifteen year targeted mega project will connect Xinjiang, the biggest province of China, to Europe and Central Asia through Gawadar Port situated in Baluchistan. This portfolio of projects include development of industrial zones and infrastructure connecting roads, railways and airports, incorporation of more than 16000 MW energy projects including pipelines to transport oil and gas to Kashgar, the completion of the Iran-Pakistan gas pipeline; and a number of coal, wind, solar, and hydro energy plants that would contribute approximately 10,000 megawatts to energy-deficient Pakistan by 2018.

ADVERTISEMENT
CONTINUE READING BELOW

CPEC project is not only going to agape new gates of trade for China and Pakistan but also godsend the whole South Asian region. Trade and economy are likely to boost among Pakistan, China, Iran, Afghanistan and Central Asian Republics through improved trade and connectivity among these countries.

Extensive capital is vital to sprout investments in infrastructure and energy. However, Pakistan being a developing country faces scarcity of the capital resource. The projects like CPEC are rewarding Pakistan with strong Capital inflows against utilization of its strategic location. In addition to this, propagation of more than 700,000 direct jobs between 2015–2030 is expected as a result of the 51-page agreement expecting to contribute 2 to 2.5 percent increases in Pakistan’s annual economic growth.

By and large, CPEC Project is distinctly salubrious for national development. It will not only strengthen Pak-China friendship but will also open new avenues of trade and investment, increase employment rates and reduce energy deficiencies in Pakistan. Nonetheless, these could only be achieved by the outlined agenda subject to efficient and effective implementation of the plan.

  1. Gawadar was not part of Pakistan. It was acquired by Pakistan from, Kingdom of Oman against $3 million.

  2. The route of CPEC starts from Xinjiang, China and enters Pakistan at Gilgit Baltistan

  3. It will be the trade hub and create worries for the Middle East that has the major trading hubs of the world

  4. Economic development and growth of Baluchistan

  5. Quick mobilization of Chinese Army in case of war between China and India

  6. Growth of remote areas of Xinjiang province

  7. Economic power will shift to China, and it can emerge as Super Power as well. That means there will be no more direct role of Policeman, USA

  8. China can well explore the other routes in addition to current South China Sea route

  9. Shortening of sea route and easy access to China to the Middle East, African and even European Markets

  10. It will be one of the largest economic centers in the world

  11. Greater means of communication in shape of advanced telecommunication, railways, airlines and roads infrastructures

About Author

Written by
Abdul Hady is a content expert on topics related to the dynamic and ever-changing entertainment and technology industries. He becomes an expert in multimedia content development and distribution because of his dedication to researching how these two rapid markets overlap.

Popular Articles

Funny and Cute Nicknames for Friends in Urdu 2024
ADVERTISEMENT CONTINUE READING BELOWIn Pakistan, it is observed that on a birth of baby there…
23 Jul 2015
Sui Gas Bill Duplicate – View Online Sui Gas Bill of SSGC & SNGC
ADVERTISEMENT CONTINUE READING BELOWThe Sui gas system in Pakistan is distributed into two companies namely…
18 Apr 2016
Top 60 Pakistani Clothing Brands
ADVERTISEMENT CONTINUE READING BELOWWant to figure out the top 60 in Pakistan in 2023? Can…
28 Feb 2017
PTCL DSL/Wireless Router Settings with IP – Username & Password
ADVERTISEMENT CONTINUE READING BELOWLots of new user face problems and difficulty in configuring their modems…
25 Feb 2013
Download Pakistani Dramas – Websites List
ADVERTISEMENT CONTINUE READING BELOW 1.Youtube.com Using Video Downloader Tools: If you prefer to download Pakistani…
31 Aug 2015
Traditional Mehndi & Dholki Songs List With Lyrics 2024
ADVERTISEMENT CONTINUE READING BELOWPakistani wedding is incomplete without different traditions like Mehndi, , Jaga. These…
14 Nov 2013
MOFA Attestation Requirements, Procedure & Process
ADVERTISEMENT CONTINUE READING BELOWThose who want to attest documents from ministry of foreign affairs should…
16 Mar 2015
How to Share Internet Volume from Zong to Zong
ADVERTISEMENT CONTINUE READING BELOWNow you can transfer internet data from your Zong number to another…
13 Aug 2016
Telefilm “Left Right Left ” Cast & Story
ADVERTISEMENT CONTINUE READING BELOWTelefilms on special occasions like Eid ul Fitr and Eid ul Adha…
2 Jul 2019
50 WhatsApp Group Names in Urdu
ADVERTISEMENT CONTINUE READING BELOWWhatsApp ground name has become a very hot topic these days. People…
31 Dec 2015
How To Open Blocked Sites In Pakistan Without Any Software
ADVERTISEMENT CONTINUE READING BELOWAlthough YouTube got a green signal by Government of Pakistan and Pakistan…
16 Oct 2016
Vehicle Registration Number Plates In Pakistan: Comprehensive Guide
ADVERTISEMENT CONTINUE READING BELOWRegistration of vehicles or vehicle registration plates of motor vehicles in Pakistan…
24 May 2016