2. PAK CHINA ECONOMIC CORRIDOR
PRESENTED BY:
AAMIR SADIQ
RASHID ALI
WAHEED MURAD
AMANULLAH
SHERISH HASSAN
3.
Pakistan–China relations began in 1950
Strategic alliance was formed in 1972 and economic co-
operation 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
HISTORY OF PAK CHINA
RELATIONS
4. PAK-CHINA ECONOMIC CORRIDOR
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
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 Iran-
Pakistan 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.
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
ADVANTAGES OF 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. PAK CHINA ECONOMIC CORRIDOR
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
DISADVANTAGES:
20. Huge difference between Balance of
payment Trade deficit
PAK CHINA ECONOMIC CORRIDOR
Pakistan-China trade
increased by 17.6%
to a total of US$ 12.4
billion in 2012.
China export to
Pakistan is
9.3billion
Pakistan’s export
to china is
3.14billion
9.2
3.14
Trade Deficit
21. DISADVANTAGES:
PAK CHINA ECONOMIC CORRIDOR
Focus on import rather than
Domestic production
Threat for potential group
Due to free trade agreement
with china leads to lack of
competition.
22. Recommendation:
PAK CHINA ECONOMIC CORRIDOR
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
24. RECOMMENDATION:
PAK CHINA ECONOMIC CORRIDOR
• 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.
25. PAK CHINA ECONOMIC CORRIDOR
Should provide
latest technology
Think tank should
collaborate by both
countries
Implementations
of agreements
should be
addressed
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. PAK CHINA ECONOMIC CORRIDOR
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”.
