9. What is CPEC?
CPEC is the abbreviation of China Pakistan economic
corridor.
CPEC is an ongoing development mega projects whose
aim is to connect the Gwadar port of Pakistan to China's
northwestern region of Xinjiang, via a network of
highways. railways and pipelines.
CPEC is a collection of infrastructure projects currently
under construction throughout Pakistan.
10. (Continue..)
The economic corridor is considered central to China—
Pakistan relations and will run about 2700 km from
Gwadar to Kashghar.
China-Pakistan Economic Corridor and its
connectivity with Central Asia, Middle East and
Africa will help to shape entire region.
Overall construction cost costs are estimated around
$46 billion.
12. 1950 - Pakistan becomes the third non-communist country, and
the first Muslim one, to recognize the People's Republic of
China and dispatched a high level delegation to China
on January 4, 1950.
1963- Historic Visit of Foreign Minister Zulfiqar Ali Bhutto to
China.
1978 The Karakoram Highway, a construction miracle, linking
mountainous Northern Pakistan with Western China officially
opened, linking China to the Arabian Ocean.
13. April 20, 2015 CPEC was launched on April 20, 2015 when
Chinese President Xi Jinping and Pakistani Prime Minister
Nawaz Sharif signed 51 agreements and Memorandums of
Understanding valued at $46 billion.
15. CPEC will not only benefit China and Pakistan but will
have positive impact on Iran , Afghanistan, Central Asian
Republic, and the entire region.
The project is estimated to directly create some
700,000 jobs up to 2030, and speed up GDP growth
significantly.
The CPEC deal also includes $ 5.9 billion for road projects
and $ 3.7 billion for railway.
16. Top Mega Projects In Pakistan
Roads
Railways
Special Economic Zone
Smart Cities Urban Forest
Projects
Mass Transit
“China Pakistan economic corridor is a type of economic projects whose products are as”
Energy Production
19. Special economic zone (SEZ) is an area in which business and
trade laws are different from rest of the country.
SEZs are located within a country's national borders, and their
aims include: increased trade, increased investment,
job creation and effective administrations.
3. Special Economic zone
20. Public transport (also known
as public transportation, public
transit, or mass transit) is a shared
passenger-transport service which
is available for use by the general
public.
4. Mass transit projects
The following are the main mass transit projects
Karachi Circular Railway.
Orange Line- Lahore
Quetta Mass Transit
23. Importance of Gilgit Baltistan in CPEC
GB has great importance for CPEC. GB
is the gateway of CPEC and regional
connectivity between China and Pakistan.
GB lies at a very important geostrategic
location, sharing borders with India,
Afghanistan, and China.
24. Following are the major CPEC projects in Gilgit Baltistan.
Regional network for GB was being established.
Hydel projects
Khunjerab- Islamabad Fibre optic cable
Initiative for mining of minerals
Upgradation of KKH highway
CPEC Projects in Gilgit Baltistan
25. The most important benefit of CPEC to GB is rise in international trade
supporting the local industries.
This will contribute to an increase in trade of local products like minerals and
gems.
According to the Asian Development Bank (ADB), GB produces over 100,000
metric tons of apricots, 4000 tons of cherries and 20,000 tons of apples, which
are completely organic with no pesticides used. Locals hope that they can double
their sales and profits by exporting these fruits to China.
1. Rise in international trade
26. Another important contribution of CPEC for GB is the investment in road and
railway network that will connect the region with the rest of the country.
Under CPEC, the Karakoram Highway will be improved and a few new roads
will be built. Construction of some new tunnels and bridges has already been
completed.
A railway track is also expected to be constructed connecting the Kashgar city of
China to Havelian of Pakistan.
2. Road and Railway Network
27. According to reports, a 100-megawatt hydropower project in Gilgit and another
80-megawatt project in Ghizer district have been listed under CPEC.
Diamer-Bhasha dam and China-Pakistan Optical Fiber projects are also
underway.
3G and 4G technology will be provided to the whole region at lower rates after
the completion of the optical fiber project.
3. Technological and Energy Infrastructure
28. CPEC will also boost the tourism industry of GB due to the improved security
situation and better infrastructure.
Tourism plays a vital part in the local economy, as a number of families are
dependent on tourism for meeting their financial needs.
Increased tourism will promote the unique culture of GB including dances,
music, and handicrafts internationally.
4. Tourism industry
29. 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
30. Natural Gateway for China.
Positive response by both countries through mutual cooperation
Both countries are keen to enhance trade activities
Conclusion
31. 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”.
Conclusion