Over View of China Pakistan Economic Corridor ("CPEC") as a part of One Belt and One Road Project ("OBOR") or Silk Road Economic Belt and the 21st-century Maritime Silk Road .

1. Compile By Ubaid Ur Rehman
OVERVIEW OF “CPEC” AS A PART
OF ONE BELT ONE ROAD PROJECT

2. 2Compile by: Ubaid Ur Rehman
Grand Silk Route Economic One Belt One Road Project Introduction
The OBOR blueprint encompasses over 60 countries, which account for 60% of the world’s population and a collective GDP equivalent to
33% of the world’s wealth.
Six economic corridors are proposed as the framework of the OBOR initiative outside China:
1. New Eurasian Land Bridge
2. China - Mongolia - Russia Corridor
3. China - Central Asia - West Asia Corridor
4. China - Indochina Peninsula Corridor
5. China - Pakistan Corridor
6. Bangladesh - China - India - Myanmar Corridor

3. 3Compile by: Ubaid Ur Rehman
Gwadar port forms the heart of the CPEC project, as it is planned
to be the link between China's ambitious One Belt, One Road
project, and its Maritime Silk Road project. The Silk Road
Economic Belt and the 21st-Century Maritime Silk Road. Basically,
the 'belt' includes countries situated on the original Silk Road
through Central Asia, West Asia, the Middle East, and Europe.
China estimates $890bn of investment in the ‘New Silk Road’
strategy.
Purpose
 The “Southern Corridor” begins from Guangzhou, city of
China in South Central China. This route moves towards
western parts of China and connects Kashgar with Pakistan at
Kunjarab – a point from where China wants to link to Gwadar
port in the Arabian Sea.
 The “Central Corridor” that starts from Shanghai and links the
country to Tashkent, Tehran and onwards to Bandar Imam
Khomeini Port of Iran on the Persian Gulf. One of its branches
goes up towards Europe but it was a longer route.
 The “Northern Corridor” that starts from Tianjin & Beijing
(China) passes through Moscow (Russia), and links it to
European cities of Berlin (Germany) and Rotterdam
(Netherland).
Benefits
 China wants to remake the global financial and economic
structure.” With its wealth and markets.
 The construction of roads, railways and other infrastructure
will help create a market in Eurasia for its goods.
 China-Pakistan Economic Corridor (CPEC )and 'One Belt, One
Road (OBOR)will help in overcoming poverty and
unemployment in less developed areas of Pakistan
particularly and for whole region generally .
 China’s sea trade dependency on the narrow sea channel of
the Strait of Malacca (Malaysia)will finish as Pakistan would
provide an alternative land route for Chinese trade.
 The travel time will reduce between China (Xinjiang province)
and Middle East, through Pakistani port city of Gwadar.
CPEC as a Part of Grand Silk Route Economic One Belt One Road Project

4. 4Compile by: Ubaid Ur Rehman
Grand Silk Route Economic One Belt One Road Project Pakistan in Focus
According to a global economic survey carried out jointly by ACCA (Association of
“Chartered Certified Accountants) and IMA (Institute Management Accountant)
Conditions do not appear quite as healthy across the border in Pakistan. Businesses have
benefited from a series of aggressive rate cuts since late 2014, and stand to gain from the
eventual implementation of the China–Pakistan Economic Corridor, a bilateral project that
will involve hefty Chinese investment into Pakistan’s infrastructure network”. Total 51
memorandums of understanding (“MoUs”) were signed during the visit of the Chinese
president to Pakistan on 20 April 2015. Out of Total $46 billion Chinese investment, $33.79
billion has been apportioned for energy related projects, $5.90 billion are allocated to
build roads, $3.69 billion are for railway Tracks, $0.66 billion are for Gwadar Port, $1.64
billion will spend on CP Fiber Optics and now with a $5.5 billion concessional loan to
upgrade and modernize the Karachi-Lahore main railway line called ML-1 the size of the
China-Pakistan Economic Corridor (CPEC) has been increased to more than $51.3 billion .
Economic outlook
In 2016 Pakistan’s economy gain the volume up to $290 billion, immerge as the 2nd
largest economy in South Asia. Economic expansion will be underpinned by private
consumption and investment. However, growth of 5.1% means that the economy is
expanding below potential, reflecting ongoing venerable security situation, and water and
electricity shortages will weigh on economic activity. (According to “The Economist
Intelligence Unit”)
Infrastructure outlook
Reducing electricity shortfalls ranks among the government’s priorities and it has
repeatedly vowed to address the country’s energy crisis before the next parliamentary
election in 2018. To meet its goals, the administration is investing heavily in energy
infrastructure, but rapidly rising electricity demand will soak up capacity additions. The
ambitious program is backed up by investments worth $51.3 billion under the China-
Pakistan Economic Corridor (CPEC). This will benefit growth through improved road, port
and energy infrastructure. However, owing to operational, political and regulatory
challenges, realizing the investment in full will prove challenging.