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Tanweer 140222042639-phpapp01 (1) (2)
- 1. PAK CHINA ECONOMICCORRIDOR
- 2. PAK CHINA ECONOMICCORRIDOR PRESENTED BY: TANWEER RASHID ALI WAHEED MURAD AMANULLAH SHERISH HASSAN
- 3. Pakistan–China relationsbegan 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 PAKCHINA 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 highlycontribute economic activities of both countries export and import PAK CHINA ECONOMIC CORRIDOR
- 6. * On 8 September1958 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 GDAwas 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 goodsfrom western China and Central Asia through Gwadar PAK CHINA ECONOMIC CORRIDOR
- 9. CURRENT PAK-CHINA ECONOMIC CORRIDORDEVELOPMENT 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 ECONOMICCORRIDOR 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 ECONOMICCORRIDOR 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
- 12. PAK CHINA ECONOMICCORRIDOR
- 13. OBJECTIVE OF PAK-CHINA ECONOMICCORRIDOR 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 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 in Baluchistan Increase Chinese investment, Pakistani investment in china will also be encouraged PAK CHINA ECONOMIC CORRIDOR
- 15. OBJECTIVE OF PAK-CHINA ECONOMICCORRIDOR 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 ECONOMICCORRIDOR 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 theeconomic 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-CHINAECONOMIC 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 ECONOMICCORRIDOR 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 betweenBalance 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 ECONOMICCORRIDOR 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 ECONOMICCORRIDOR 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
- 23. Precious stone Sports goods Textilesproducts Maintain favorable balance of trade
- 24. RECOMMENDATION: PAK CHINA ECONOMICCORRIDOR • 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 ECONOMICCORRIDOR Should provide latest technology Think tank should collaborate by both countries Implementations of agreements should be addressed
- 26. RECOMMENDATION: Pakistan should implement and handlepolicies up to the mark Utilization of raw material and value added process should be done in Pakistan PAK CHINA ECONOMIC CORRIDOR
- 27. { Recommendations Make efforts todiversify 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 forChina Positive response by both countries through mutual cooperation Both countries are keen to enhance trade activities PAK CHINA ECONOMIC CORRIDOR
- 29. PAK CHINA ECONOMICCORRIDOR 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”.
- 30. PAK CHINA ECONOMICCORRIDOR