cpec

cpec

• 1.
  CPEC (CHINA PAKISTANECONOMIC CORRIDOR)
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  BACKGROUND  CPEC isa 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.
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  INTRODUCTION  CPEC isa 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.
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  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
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  PROJECTS IN THECPEC
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  ENERGY PROJECT NUMBER OFPROJECTS : 21 ESTIMATED COST 26,370 FOR 13,810MW
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  INFRASTRUCTURE(ROAD) NUMBER OF PROJECTS:5 ESTIMATEDCOST 5341 PROJECTED COST 5341
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  GWADAR NUMBER OF PROJECTS:12 ESTIMATEDCOST 793 PROJECTED COST 10,000 .
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  OTHER PROJECT( FIBER& RAIL) NUMBER OF PROJECTS:4 ESTIMATED COST : 8281 PROJECTED COST : 8281
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  ADVANTAGES OF CPEC
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   More jobopportunities 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
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  DISADVANTAGES OF CPEC
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   ECONOMICAL  COMMUNITY POLITICAL  SOCIAL
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   FTA leadsto 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
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  CONCLUSION
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   Every thinghas 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.