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Cpec
- 1. China Pakistan EconomicCorridor (CPEC) Complied by: Muhammad Ahsan Rashid Muhammad Sameer Khan Abbas Najamuddin Waqar Ahmad 1
- 2. Outline • Historical backgroundof Gwadar • Introduction to CPEC • Route of CPEC • Investment in Pakistan • MOU • Major projects • Benefits for Pakistan and China • Challenges • Improvements • Conclusion 2
- 3. historical background ofGwadar • Port city on the southwestern coast of Pakistan's Baluchistan province. • Pakistan purchased it from Oman. • Gwadar Port is a strategic warm-water deep-sea port. • Officially opened on 20 March 2007 3
- 4. Introduction to CPEC •China Pakistan Economic Corridor is a collection of projects • It is a $46 billion project, which would connect the Gwadar port of Balochistan province in South-western Pakistan to Kashgar in the Xinjiang Uyghur autonomous region in North-Western China 4
- 5. Introduction to CPEC(continued) • China’s Exim bank has approved a concessionary loan to Pakistan, at a meagre interest rate of 1.6%. • It connects China's Xinjiang region with Pakistan's Gilgit–Baltistan and Khyber Pakhtunkhwa regions. 5
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- 7. Memorandum Of Understanding (MOU) •Concessional Loan for Karachi-Lahore Motorway • Concessional Loan for Gwadar International Airport • MOU between National University of Modern Languages (NUML) Pakistan and Xinjiang Normal University 7
- 8. MOU (continued) • Cooperationbetween Water and Power Development Authority (WAPDA) and China Three Gorges (CTG) Corporation • Contract on Lahore Orange Line Metro Train Project • financing for Lahore Orange line Metro Train project 8
- 9. MOU (continued) • Establishmentof NUML International Center of education (NICE) between NUML Pakistan and Xinjiang Normal University • financing for KKH up-gradation Phase-2 (Havelian to Takot) 9
- 10. List Of Projects •Wind Energy oJhimpir wind Power project oDawood Wind Power Project • Coal Power Plant oHubco Coal-fired Power Plant Project oDevelopment of Private Hydro Power Projects • Nuclear Power Plant oKanupp-II, Kanupp-III. 10
- 11. List Of Projects(continued) • Coal Power Plant oZonergy 9x100 MW solar project in Punjab • Hydro Power Plant o720MW Karot Hydropower Project oDevelopment of Private Hydro Power Projects 11
- 12. List Of Projects(continued) • Gwadar Port up gradation • Lahore Karachi Motorway • Peshawar Karachi Motorway • Havelian-Khujerab Railway • Hazara Motorway • Gwadar Ratodero Motorway • Gwadar International Airport • Lahore Orange Lane Metro Train 12
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- 14. Benefits to Pakistan •Strategic and economic trade routes. • Development of Infrastructure. • Connect all the Province. • Development of Fata, KPK and Baluchistan. • Job opportunities 14
- 15. Benefits to Pakistan(continued) • CPEC from all counts will prove a game changer • Investments by China will boost Pakistan’s $274 billion GDP by over 15 % • Given the solid foundations of friendship 15
- 16. Benefits to China •It would decrease the travel distance and cost greatly from China to Gulf. • Even if China uses PCEC for 50% of its Oil supplies then it will save $6 Million every day, almost $2 billion every year. • Independent path from India and USA’s interference. • New business market in another country. 16
- 17. Challenges • The firstchallenge is to keep the 1,300 km Karakoram Highway (KKH) functional throughout the year. • western route of the economic corridor, leading directly to Gwadar Port, runs through a vast landmass where insecurity prevails. • Pakistan faces serious problem of Corruption. • Difficult to compete chine’s product in local market. 17
- 18. Challenges (continued) • Disturbof local industries • Dependant to Chinese. 18
- 19. Improvements • Pakistan shouldprovide proper security to Chinese workers • Export and Import should be balanced. • Establishment of interaction between youth of both countries (i.e Pakistan and China) 19
- 20. Conclusion • Pakistan andchina holds a great importance in the world • Pak-China friendship is not only of Political level but people of both countries shares a special bond • Pak-China friendship is termed as “stronger than steel, sweeter than honey, deeper than ocean, higher than mountain.” 20
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