CPEC and SEZ contribution in Pakistan’s Economy

CPEC - China Pakistan Economic Corridor

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CPEC and curious fiscal position Up until now, the robust bonds inside the disciplines of guard and safety have advantaged as the foundation for the fellowship among China and Pakistan, which both transnational locales have appertained to as being “deeper than the ocean, sweeter than honey, and advanced than the Himalayas.”

A historical agreement become reached by means of Pakistan and China on April 20, 2015, to start construction at the $46 billion China-Pakistan monetary corridor challenge. Presently, a $62 billion venture. The undertaking intends to assemble a community of railroads and oil and gasoline pipes to hyperlink the Chinese language town of Kashgar with the Pakistani seaport of Gwadar. The 2 countries have changed their technique over the last few a long time, with a focus on fostering and developing bilateral funding, exchange, and financial cooperation.

Benefits for Pakistan

CPEC and SEZ have exceptional benefits for both Pakistan and China. Numerous energy and infrastructural initiatives are being performed alongside the CPEC’s northern, eastern, western, and relevant corridors.

  1. 720MW Karot hydropower project
  2. 870 MW Suki Kinari Hydropower Project
  3. SUNEC 50 MW wind project
  4. Gwadar International Airport
  5. It will also expand trade with other countries.
  6. Facilities of freshwater and treatment and infrastructure development
  7. 1320 MW coal-based power project
  8. China-Pakistan friendship Hospital
  9. Pakistan-China Technical & Vocational Institute
  10. Install Energy projects for energy needs.
  11. Investment by China will boost Pakistan’s GDP by 15%
  12. Given the solid foundation of friendship & job opportunities
  13. Investment within the industries fields.
  14. Modern Infrastructure in Commercial Fields.
  15. Foreign Investment and land value will increase with the CPEC Route
  16. CPEC will provide the Tourism in the Pakistan.

In terms of economic development, CPEC and SEZ are not game-changer; rather, it is a fate-changer for the entire nation. It has huge infrastructure of a 3000 km network of roads, rail, pipeline, and optical fibers.

Main components of the corridor

Gwadar port, Transport infrastructure, Railway infrastructure, Energy infrastructure, Agriculture infrastructure.