China Pakistan Economic Corridor: An Economic Gateway

Abstract

The CPEC has ushered in a new era in the time-tested relationship between China and Pakistan. By linking Gwadar port with western China, CPEC is projected to make trade between China and regional nations more convenient and affordable. It's a huge deal, not only for Pakistan, but for the whole region, and it brings a whole new set of worries. With the unknown anxieties associated with CPEC as a background, a critical analysis has been carried out throughout the discourse of the topic study. The increased competitiveness of the economies of the countries because of the influx of trade, investment, and financial flow would not only bring peace and prosperity to the region, but also better living standards, which would help to reduce regional disparities and social inequality, increase life expectancy, and boost the quality of life in the country and the surrounding region. Furthermore, there is an urgent need to allay some of the worries to speed up the already sluggish CPEC.

Role of Pak-China Economic Corridors (CPEC) in promoting Interregional Connectivity between South Asia and Central Asia

“…China Pakistan Economic Corridor is bringing $46 billion dollars investment of China to Pakistan for infrastructure development, network of roads and railways, oil and gas pipelines and especially for the development of Gwadar port in Baluchistan (Ahmed, 2015). Because of that national and international media, political scientists, international relations experts, academicians and India (old rival of Pakistan) believes this Corridor will strategically address trade and developmental requirements of Pakistan.…”