2. BACKGROUND
CPEC is a collection of projects.
Project was formally conceived in may 2013
Prime minister LI Keqiang officially visited Pakistan on 22 may 2013.
Later on prime minister Nawaz Sharif made visits to china to discuss the importance
of project .
President Xi jinping visited Pakistan in April 2015 and formally announced china's
offer of us $46 billion.
Agreements were inked giving importance to energy projects.
3. INTRODUCTION
CPEC is a series of under construction projects of worth more than $50 billon.
It is a 3000 km long extensive network of roads ,railways, pipelines and fiber
cable network.
CPEC will link kashgar in northwest china's Xinjian Uyghur Autonomous Region
and southwest Pakistan's Gwadar Port.
CPEC is considered as a golden opportunity for Pakistan develop its
infrastructure
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.
China Pakistan Economic Corridor is hope of better region of the future with
peace, development and growth of economy.
4. OBJECTIVE OF CPEC
Expand trade with Afghanistan and it help both countries to play their role in post-2014 Afghanistan
Expand trade with Russia by providing trade route till Gwadar port
Development of infrastructure along Pakistan
China access to the Indian Ocean with the aim of widening its geopolitical influence and military presence
in the region
Job opportunities and economic development in Pakistan.
Increase Chinese investment, Pakistani investment in china will also be encouraged
Regional peace, prosperity and elevate the life of poor people of south Asia
Enhance trade among Pakistan, China, Gulf States, Central Asia and Africa
China is interested to extend the Iran-Pakistan pipeline to its western territory
12. 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.
Import and export will increase
Development in Pakistan
Connection with other country's
It will decrease the distance
Business market develop
15. FTA leads to threat for local markets and local
manufacturers
No toll for Chinese
Disturb of local industries
Huge loan
public health issues,
Security SAFETY
language and culture
17. Every thing has positive and negative impact .
China and Pakistan economic corridor will help build a robust and stable economy in Pakistan and
will create a significant for Pakistan to revive its industry and advance its economic interest.
CPEC is a game changer project which will lift millions of Pakistanis out of poverty and misery.
The project include the construction of tangible garment, industrial, projects construction of dame,
the installation of nuclear reactors and creating networks of road, railway line which will generate
employment and people will also take ownership of these projects, fully equipped hospitals,
technical training institutes, water supply and distribution in underdevelopment.
One of the prospective benefits for CPEC projects for Pakistan would be the training and develop
ment of skilled manpower. Plans have to be made to assess the long term manpower requirement
s, both for construction as well as operational phases of CPEC projects.
It will be beneficial for Pakistan.