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!