The document summarizes the China-Pakistan Economic Corridor (CPEC) project which aims to connect China's Xinjiang region to Pakistan's Gwadar port through highways, railways, and pipelines. The $46 billion project includes 51 projects focused on energy generation, infrastructure development, and communications. It is an important project that will benefit both China and Pakistan by providing China an independent trade route, reducing transportation costs and times, and helping Pakistan's infrastructure and economic development through investments and job creation.

1. Economics

2. Pak-China Economic Corridor
Presented by :
Abdul Haseeb
133315

3. Introduction
• The China–Pakistan Economic
Corridor (CPEC) is a ongoing
development megaproject which aims to
connect Gwadar port in southwestern
Pakistan to China’s northwestern region
of Xinjiang, via a network of highways,
railways and Pipeline to transport oil and
gas.
Economics

4. Historical Background Of Gawadar
• On 8 September 1958, Pakistan purchase
Gawadar Enclave from Oman for $3
Million by Prince Karim Agha Khan.
• In 1993, The government of Pakistan
conceived a plan to develop Gawadar into
a major port city.
• Phase 1 of Gawadar was completed in
2007, and inaugurated on 20 March 2007.
Economics

6. Background Of Project
• The Project was proposed by Chinese
premier Li Keqiang during his visit to
Pakistan in May 2013.
• The Pak-China Economic Corridor was
inaugurated in Islamabad on 27 August
2013.
• The vision for the economic corridor
stretches far back as Musharraf era
Economics

7. Agreement
• On 20 April 2015, Pakistan and China
signed an agreement to commence work
on the $46 billion on 51 Projects with
approximately $28 billion in immediate
projects and the rest allocated for projects
in the gas or oil pipeline.
Economics

8. Major Projects
Sales
Energy ($33.8 billion)
Infrastructure ($11.8
billion)
Communication ($44
Million)
Cotton biotech research
Economics

10. Energy Projects
– Wind Energy
• Jhimpir wind Power project
• Dawood Wind Power Project
– Coal Power Plant
• Hubco Coal-fired Power Plant Project
• Development of Private Hydro Power Projects
– Nuclear Power Plant
• Kanupp-II, Kanupp-III.
– Coal Power Plant
• Zonergy 9x100 MW solar project in Punjab
– Hydro Power Plant
• 720MW Karot Hydropower Project
• Development of Private Hydro Power Projects
Economics

11. Infrastructure Projects
• 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
Economics

12. PCEC Importance to China
• Chinese industries are facing problems to
compete in global market due to high
transportation cost and delivery time.
• China is using a longest way due to which
transportation cost and time increases,
which gives a competitive edge to
competitors e.g. Japan, USA.
Economics

13. PCEC Importance to China

14. PCEC Importance 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.
Economics

15. Importance to Pakistan
• Strategic and economic trade routes.
• Development of Infrastructure.
• Connect all the Province.
• Development of Fata, KPK and Baluchistan.
• Job opportunities
• Equalization among Provinces.
Economics

16. Importance to Pakistan
Economics
0 10 20 30 40 50
CPEC investment agreement
Pakistan's current foreign
reserves
$46 billion
$17.7 billion
Series 1

17. Conclusion
• Pak-China relationship holds great
importance in the world.
• Pak-China friendship is not only at political
level but people of both countries shares a
deep and special bond
• This historic friendship is termed as
“stronger than steel, sweeter than honey,
deeper than ocean, higher than mountain”
Economics

18. Suggestions
• Establishment of interaction between youth
of both countries will be a good plan.
• Pakistan provide proper security to Chinese
workers and Engineers.
• Export or Import on equal basis because
Pakistan import more goods than export.
Economics

19. Any Questions
Economics

20. Good Bye