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pak china economic corridor ..... impact of this in pakistan economy.......

pak china economic corridor ..... impact of this in pakistan economy.......

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  • 3. HISTORY OF PAK CHINA RELATIONS   Pakistan–China relations began in 1950  Strategic alliance was formed in 1972 and economic cooperation began in 1979  China has invested $20 billion in various projects  Mega infrastructural projects in Pakistan  Gwadar Port, the Coastal-Highway linking Karachi with Gwadar, Karakoram Highway, the Chashma nuclear power plants, and a number of hydro-power projects. PAK CHINA ECONOMIC CORRIDOR
  • 4. PAK-CHINA ECONOMIC CORRIDOR  The kkh was started in 1959 and was completed in 1979 (open to the public since 1986 )  Length 1,300 km (Pakistan 887 km ) China 413 km  It connects China's Xinjiang region with Pakistan's Gilgit–Baltistan and Khyber Pakhtunkhwa regions  Major cities Hasanabdal, Abbottabad, Thakot, Chilas, Gilgit, Aliabad, Sust, Khunjerab Pass, Kashgar  The importance Karakoram Highway    Chinese companies Tourism in Pakistan Transportations PAK CHINA ECONOMIC CORRIDOR
  • 5. The KKH highly contribute economic activities of both countries export and import PAK CHINA ECONOMIC CORRIDOR
  • 6. * On 8 September 1958 prince Aga khan karim purchased the Gwadar enclave from Oman for $3 million, and gave it to Pakistan and it officially became part of Pakistan Gwadar Port is located at the mouth of the Persian Gulf Gwadar is a planned free trade port Gwadar Port is a strategic developed jointly by the both countries  National Highway Authority (NHA) began construction of the 653 km-long Makran Coastal Highway linking Gwadar with Karachi,  In 2004, Pakistan's NHA began construction of the 820-km long M8 motorway linking Gwadar with Ratodero in Sindh province Turbat, Hoshab, Awaran and Khuzdar  In 2007 Civil Aviation Authority of Pakistan acquired 6,000 acres (17-24 km2) to construct a new greenfield airport, at an estimated cost of Rs 7.5 billion.
  • 7. GWADAR ECONOMIC ZONE GDA was established to promote industrial activities in mega port city of Gwadar China focused on the fast-track construction of roads, other infrastructure and public buildings In 2013, Gwadar Port operations were officially handed over to China, To connect china with Gwadar through railway track has already begun PAK CHINA ECONOMIC CORRIDOR
  • 8. Outflow of goods from western China and Central Asia through Gwadar PAK CHINA ECONOMIC CORRIDOR
  • 9. CURRENT PAK-CHINA ECONOMIC CORRIDOR DEVELOPMENT  Gwadar-Khunjerab-Kashgar rail network Gwadar-Khunjerab-Kashgar rail network  connecting the maximum number of population through a network of highways and railways  six-lane motorway to be built from Karachi to Lahore. MoU’s signed with China PAK CHINA ECONOMIC CORRIDOR
  • 10. OBJECTIVE OF PAK-CHINA ECONOMIC CORRIDOR  Increase the volume of trade between Pakistan and china  Take full advantage of preferential trade agreement(PTA) and free trade agreement (FTA)  Increase export to china, recently export to china is $3.14 billion PAK CHINA ECONOMIC CORRIDOR
  • 11. OBJECTIVE OF PAK-CHINA ECONOMIC CORRIDOR  Pakistan and china are second largest partners in south Asia, this will help to retain partnership  Widen Karakorum high way and open new economic corridor from china to Gwadar  Approximately reduce 10000 km distance and it is the shortest route PAK CHINA ECONOMIC CORRIDOR
  • 13. OBJECTIVE OF PAK-CHINA ECONOMIC CORRIDOR  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 PAK CHINA ECONOMIC CORRIDOR
  • 14. OBJECTIVE OF PAK-CHINA ECONOMIC CORRIDOR  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 Baluchistan  Increase Chinese investment, Pakistani investment in china will also be encouraged PAK CHINA ECONOMIC CORRIDOR
  • 15. OBJECTIVE OF PAK-CHINA ECONOMIC CORRIDOR  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 IranPakistan pipeline to its western territory PAK CHINA ECONOMIC CORRIDOR
  • 16. ADVANTAGES OF PAK-CHINA ECONOMIC CORRIDOR Can benefit new emerging regional cooperation Save time, cost and freight charges Facilitate trade, have Economic Zone en-route and will allow reaping of full benefits of development, economic and social uplift
  • 17. ADVANTAGES OF PAK-CHINA ECONOMIC CORRIDOR   Increase the economic collaboration between both countries by connecting western china to Gwadar  Regional stability in Asia as well as whole world  Pakistan economy will Boost PAK CHINA ECONOMIC CORRIDOR
  • 18. ADVANTAGES OF PAK-CHINA ECONOMIC CORRIDOR  Pakistan can avail great opportunities from chine’s expert in various sectors like energy ,Technology and Education sector  Create new employment opportunities  Pakistan and china both collectively target the half of the population of the world ,it will provide great opportunity for both countries to expend their market PAK CHINA ECONOMIC CORRIDOR
  • 19. DISADVANTAGES:  FTA leads to threat for local markets and local manufacturers  Disturb of local industries  Difficult to compete chine’s product in market  Increase the ratio of unemployment  Dependent to China PAK CHINA ECONOMIC CORRIDOR
  • 20. Huge difference between Balance of payment Trade deficit Trade Deficit Pakistan-China trade increased by 17.6% to a total of US$ 12.4 billion in 2012. 00 3.14 China export to Pakistan is 9.3billion Pakistan’s export to china is 3.14billion PAK CHINA ECONOMIC CORRIDOR 9.2
  • 21. DISADVANTAGES: Focus on import rather than Domestic production Threat for potential group Due to free trade agreement with china leads to lack of competition. PAK CHINA ECONOMIC CORRIDOR
  • 22. Recommendation:  Pakistan should create stability In its terrority to implementation on that plan  To make positive balance of trade Pakistan should increase exports  Agriculture products  Textile products  Leather PAK CHINA ECONOMIC CORRIDOR
  • 23.  Maintain favorable balance of trade Precious stone Sports goods Textiles products
  • 24. RECOMMENDATION: • Restriction on that commodities which is harmful for our industries • To make a frame work to use Domestic currency for trade (barter system) • Develop auto industries rather than focusing on import parts. PAK CHINA ECONOMIC CORRIDOR
  • 25. Implementations of agreements should be addressed Should provide latest technology Think tank should collaborate by both countries PAK CHINA ECONOMIC CORRIDOR
  • 26. RECOMMENDATION: Pakistan should implement and handle policies up to the mark Utilization of raw material and value added process should be done in Pakistan PAK CHINA ECONOMIC CORRIDOR
  • 27. Recommendations Make efforts to diversify market in China  Security issues, law and order system are main obstacles in the way of Pak-china economic corridor  { Pakistan should develop the training centers and Chinese language centers in order to make effective communications  PAK CHINA ECONOMIC CORRIDOR
  • 28. CONCLUSION Natural Gateway for China Positive response by both countries through mutual cooperation Both countries are keen to enhance trade activities PAK CHINA ECONOMIC CORRIDOR
  • 29. Infrastructural improvement and Development of Dams Stability of economy by investment in different sectors “our friendship is “higher than the mountains, deeper than the oceans, stronger than steel, dearer than eyesight, sweeter than honey”. PAK CHINA ECONOMIC CORRIDOR