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Pak china economic corridor
The document discusses the China-Pakistan Economic Corridor (CPEC) project which aims to connect Gwadar Port in Pakistan to China's Xinjiang region through roads, railways, and pipelines. It outlines the history of Pakistan-China relations and Gwadar Port, describes the various infrastructure and energy projects under CPEC, and discusses the importance and objectives of CPEC for both China and Pakistan. CPEC will improve connectivity between the two countries, boost both economies through trade and investment, and serve China's goal of access to the Indian Ocean.
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Pak china economic corridor
- 3. contents Introduction Historicalbackground of Pak China relationship History background of Gwadar Background of CPEC Agreement Major projects CPEC vision and mission CPEC importance to china Threats to China before CPEC CPEC importance to Pakistan CPEC advantages to China CPEC advantages to pakistan Objectives of CPEC Disadvantages of CPEC
- 4. Introduction The china-PakistanEconomic corridor (CPEC)is the ongoing development mega project which aims to connect Gwadar port In south western Pakistan to China’s north western region of xinjiang,via a network of highways,railways and pipeline to transport oil and gas
- 5. Historical Background ofpak_china relationship Pakistan and china have been enjoying cordial and friendly relations since 1950.the first decade of relations was not as smooth as it were after 1960 especialy after the india china war, and pakistan india war,the two countries also did not know much about each other,which hindered their bilateral cooperation . Fortunately,at that time foreign minister for foreign affairs,Sir Zafarullah Khan had some knowledge about chineese mindset,which paved the way for Pakistan China relationship
- 6. Historical background ofGawadar On 8th September 1958,Pakistan purchase Gwadar enclave from oman for $3 Million by prince karim Agha khan. In 1993, the Govt of Pakistan conceived a plant to develop Gwadar into a major port city. Phase 1 of Gwadar was completed in 2007,and inaugrated on 20march 2007
- 7. Background of CPEC The project was proposed by chinese premier LI Keqiang during his visit to Pakistan in May 2013. The Pak china Economic corridor was inaugrated in islamabad 27 august 2013. The vision for the economic corridor stretches far back as Musharaf era
- 8. CPEC Vision andMission To improve lives of people of pakistan and china by building an economic corridor promoting bilateral connectivity, constructions ,explore potential bilateral investment , Economic and trade,logistics and people to people contact for regional connectivity It includes: • Integrated transport and IT Systems ,Road ,Railway,Port, Air and data communication channel • Energy cooperation • Agriculture Development
- 9. Agreement On 20April 2015,Pakistan and China signed an agreement commence work on the $46 billion on 51 projects with approximately $28 billion in immidiate projects and the rest allocated for projects in the gas or oil pipeline
- 10. Major projects Sales Energy ($33.8billion Infrastructure ($11.8illion communication($44 million cotton biotech research
- 11. Energy Projects WindEnergy • 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 -2,Kanupp3 Hydro power plant • 720mw karoot hydro power project • Development of private hydro power project
- 12. Infrastructure projects Gwadarport up gradation Lahore, Karachi motorway Peshawar, Karachi motorway Havelian_khunjerab Railway Hazara motorway Gwadar Ratodero motorway Gwadar International Airport Lahore orange line metro Train
- 15. OBJECTIVES of Pak_China economiccorridor 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 Baluchistan. chinese investment encourage pakistani ecconomy
- 16. OBJECTIVES of Pak_China economiccorridor Regional peace,prosperity and eleviate the life of poor people of south asia. Enhance trade among pakistan,china,Gulf states,central asia and africa. China is interested to extand the Iran pakistan pipeline to its western territory7.
- 17. CPEC importance toChina It would decreases the travel distance and cost greatly from China to Gulf. Even if china uses PCEC for 50% of its oil supplies than 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
- 18. Threats TO Chinabefore CPEC Chinese problems is 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.
- 19. CPEC Importance toPakistan Strategic and economic trade routes. Development of infrastructure Connect all the province Development of FATA,KPK and Balochistan Job opportunities Equalization among provinces
- 20. Advantages to Pakistan 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. Pakistan economy will boost. Create new employment opportunities.
- 21. Disadvantages Disturb oflocal industries. Difficult to compete chinese product in market. Dependent to china. Focus on import rather than domestic production. Due to free trade agreement with china lead to lack of competition.
- 22. Recommendation Pakistan shouldcreate stability in its territory to implementation on that plan. To make positive balance of trade pakistan should increase export. • Agriculture products • Textile products • Leather
- 23. Suggestions Establishment ofinteraction between youth of both countries will be a good plan Pakistan provide proper security to chinese workers and engineers Export or import on equal bases because Pakistan import more goods than exports .
- 24. conclusion Natural gatewayfor China. Infrastructural improvement and development of Dams. Stability of economy by investment in different sectors “our friendship is higher than mountain deeper than the oceans , stonger than steel sweeter than honey, dearer than eyesight”