What China Pakistan Economic Corridor (CPEC) has to offer Pakistan?

By Mehar-un-nisa

The CPEC project will include building new roads, a 1,800-kilometre railway line and a network of oil pipelines to connect Kashgar in China’s western Xinjiang region to the port of Gwadar.

Establishment of the China-Pakistan Economic Corridor (CPEC) was first proposed by Chinese premier Li Keqiang during his visit to Pakistan in May 2013.“Our two sides should focus on carrying out priority projects in connectivity, energy development and power generation,” Li said at the time.

CPEC framework covers many projects of various areas including energy, ports, infrastructure and industrial collaboration. A number of agreements and memorandums of understanding (MoUs) have been signed in this regard.

Being the core component of the CPEC, Gwadar holds a very important position in the China’s vision for ‘One Road, One Belt’.

Pak-China Industrial Corridor

China is already working on Gwadar Port to catch international market in near future. The strong infrastructure built on Port has the ability to increase the economic activity drastically. With infrastructure designed for larger ships along with the development of other means of transportation will eventually result in making a strong transportation network thus, economic activities will boost the trade.

Despite looming danger of terrorism in Pakistan, Chinese investors have trust in Pakistan and they are looking forward to invest in various projects. The Faith of Chinese businessmen in Pakistan is a source of relief as they believe that the investments they are putting in Pakistan are safe as both the countries enjoy excellent relations at government and public level.

This ‘all weather strategic cooperative partnership’ is real good news for the said two countries!

In his recent visit (referred as ‘fate-changing visit’) to Pakistan on 19th April, President Xi Jinping’s agreed to invest $46 billion in Pakistan in the said projects.

His interest to develop and strengthen maritime research sector in Pakistan is also very appreciative. The concern of both Countries over maritime strategies, security, marine economy, exploration and utilisation of marine resources, marine scientific research and environmental protection will certainly result in the development of maritime sector.

Moreover, the establishment of a Joint Marine Scientific Research Centre in Pakistan is another agreement which would hold and facilitate the training course for South Asian countries on maritime scientific research.

PM Mian Nawaz Shareef said about the agreements held during the visit of Xi Jinping, “They have sound financial and technical backing and are being put on a fast track. We are starting a fresh phase in our geo-economic partnership that will create new jobs, start businesses, promote education and professional training and help eradicate poverty. This corridor will become a symbol for peace and prosperity.”

PM considers that the economic corridor will transform the dimension of the two countries’ bilateral relationship.

Circumstances seem to be beneficial for both countries. Chances are high that this project would flourish peacefully as all political parties of Pakistan have assured their corporation and support to CPEC. It “seems” like there would not be any disturbance from political parties.

Only time will tell the outcome!

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Gwadar and PCEC are important for both China and Pakistan

By Mehar-un-nisa

“Gwadar is strategically located in proximity of major shipping routes emanating from the Gulf. Gwadar and Pakistan China Economic Corridor (PCEC) are important for both China and Pakistan,” said the CEO of China Overseas Port Holding Company Mr. Zeng Qingsong.

Speaking at Maritime Discourse on the topic “The Future of Gwadar” at Bahria University on 20th March, 2015, he highlighted the significance of the Gwadar Port in the near future. He elaborated the economic and geographic importance of the Gwadar port by comparing statistics of other ports in Pakistan.

The CEO of China Overseas Port Holding Company, Mr. Zeng Qingsong highlighting the economic importance of Gwadar.

The CEO of China Overseas Port Holding Company, Mr. Zeng Qingsong highlighting the economic importance of Gwadar.

Maritime Discourse is a series of lectures, organized by National Centre for Maritime Policy Research (NCMPR). NCMPR organizes maritime discourse twice a year to provide a valuable platform for discussing maritime issues being faced by Pakistan.

The core objective to conduct this discourse was to shed light on the significance of Gwadar Port and the role it can play to boost the economy of Pakistan in future. Gwadar port offers multi-dimensional advantages and will influence the geo-strategic and economic environment in the region.

The Discourse began with the presentation of Director NCMPR Capt. Tariq Masood who highlighted the hinterland connectivity of Gwadar Port.

Guests of Maritime Discourse listening to the presentation of Director NCMPR Capt. Tariq Masood

Guests of Maritime Discourse listening to the presentation of Director NCMPR Capt. Tariq Masood

He said “The hinterland connectivity of Gwadar needs to be seen in detail as the port efficiency largely depends on it Gwadar port has many options to serve the hinterland countries a s well as the neighbor Iran. The central Asian and Chinese individual bases can be connected through CAREC 1 to 6 corridors. Corridor 5 and 6 start from China and Kazakhstan respectively and both of them terminate at Turkham.”

Director NCMPR giving presentation on “hinterland connectivity of Gwadar Port

Director NCMPR giving presentation on “hinterland connectivity of Gwadar Port

Additionally, Pakistan China Economic Corridor terminates at Gwadar. Iranian North South Corridors from Chabahar Bandar-e Abbas and Bushehr  can be connected via the coastal road from Gwadar to Gabd, Such geographic significance of Gwadar in the region can open new door for economic growth and progress” he added.

Hinterland connectivity of Gwada

Hinterland connectivity of Gwada

Director General NCMPR, Vice Admiral Asaf Humayun HI(M) (Retired) in his closing remarks said, “Gwadar is inching towards its development at a slow pace whereas the whole nation desired to see the progress and prosperity at a much faster pace.”

Director General giving his closing remarks

Director General giving his closing remarks

“Two things will actually determine that how fast Gwadar can progress, one is security and the other is connectivity”

He stressed on the need to have due regard to the preservation of environment, which should be a part of all development work in Gwadar  area.

Various intellectuals, senior officers of Pakistan Navy, renowned stakeholders of maritime sector, marine scientists, students of maritime studies and many other dignitaries attended this productive session.

“Activities similar to Maritime Discourse are essential to be conducted on continual basis, in order to create mass awareness regarding maritime sector, which we really need to highlight for the development of Pakistan,“ said Tabassum Naz, a guest.

This blog is originally posted here: https://ncmpr.wordpress.com/2015/04/01/gwadar-and-pcec-are-important-for-both-china-and-pakistan/