ChinaPakistan Economic Corridor

Introduction:
According to First post Report of China
This is the biggest overseas
investment by China announced yet
and the corridor is expected to be
operational within three years and will
be strategic game changer in the
region which would go a long way in
making Pakistan a richer and stronger
entity the over before.

INTRODUCTION CONTINUED..
TheChinaPakistan Economic
Corridor (CPEC)is a collection of
projects currently under construction
at a cost of $46billion. ToRapidly
expand and upgrade Pakistani
infrastructure as well as deepen and
broaden economic links between
theIslamic Republic of Pakistan and
thePeople's Republic of China

Major projects under the Corridor Umbrella are:

Gawadar Port,
Upgrading of Karachi to Peshawar main line
Khunjerab Railway
Karachi-Lahore Motorway (KLM)
Hazara Motorway
Iran-Pakistan gas pipeline
Economic corridor support force
Upgrading of Gawadar international Airport.
Jhimpir wind Power Project.
Havelian Dry Port.

ChinaPakistan Economic
Corridor
Proposed infrastructure projects
worth approximately $11billion, and
will be financed by heavily-subsidized
loansthat will be dispersed to the
Government of Pakistanby the Exim
Bank of China, China
Development Bank, and the
Industrial
and Commercial Bank of China.

DVANTAGES OF PAK-CHINA ECONOMIC CORRIDO

China PAK Economic Corridor has many
advantages for both Pakistan and China. These
can be the main advantages:
It 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
Increase the economic collaboration between
both countries by connecting western china to

OBJECTIVES OF PAK-CHINA
ECONOMIC CORRIDOR
These are the main objectives of China PAK
Economic Corridor.
Take full advantage of preferential trade
agreement(PTA) and free trade agreement
(FTA).
Increase export to china
Widen Karakorum high way and open new
economic corridor from china to Gwadar.
Approximately reducing 10,000 km distance
and it is the shortest route.

Expand trade with Russia by providing

OBJECTIVES CONTINUED..
Expand trade with Afghanistan and it helps
both countries to play their role in post-2014
Afghanistan.
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 Balochistan.
Enhance trade among Pakistan, China, Gulf
States, Central Asia and Africa .
China is interested to extend the Iran Pakistan
pipeline to its western territory.

ADVANTAGES CONTINUED
Regional stability in Asia as well as whole
world
Pakistans economy will Boost
Pakistan can avail great opportunities from
Chinese experts 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

BENEFITS TO PAKISTAN:
The total funding offered by China to

Pakistan under the CPEC is $46 billion

of which $34.4 billion has been
allocated for the energy sector to add
over 17000 MW to the national grid,
while $9.8 billion will be made
available for transport related projects
and $0.8 billion for Gwadar Port.

BENEFITS CONTINUED..
CPEC has opened great
opportunities for Pakistan and
will greatly help in overcoming
poverty, unemployment,
inequities of smaller provinces
and help Pakistan in becoming
the next Asian tiger.
Investments by China will boost
Pakistans $274 billion GDP by

BENEFITS CONTINUED..
CPEC from all counts will prove a
game changer and will make
China a real stakeholder in
Pakistans stability and security.
It is a win-win situation for both.
It will greatly expand the scope
for the sustainable and stable
development of Chinas
economic development.

BENEFITS CONTINUED..
Over 10,400MW of energy generating capacity
is to be developed between 2018 and 2020 as
part of the corridor's fast-tracked
"Early Harvest"projects in conjunction with
four projects under construction prior to the
announcement of CPEC. Electricity from these
projects will primarily be generated by coal,
though wind projects are included under CPEC,
as is the construction of
one of the world's largest solar energy plants.

BENEFITS CONTINUED..
The economic corridor is
constructing 3000 kilometers
long of highways, railways and
pipelines that will connect
Chinas Xinjiang province to rest
of the world through Pakistans
Gwadar port.

DISADVANTAGES OF PAKCHINA ECONOMIC

CORRIDOR
As we know this economic Corridor has many
advantages for the both countries but there
can be many disadvantages for both the
countries and especially for Pakistan these are
the disadvantages:
FTA (Free trade Agreement) leads to threat for
local markets and local manufacturers
Disturb of local industries
Difficult to compete Chinese products in
market
Increase the ratio of unemployment

DISADVANTAGES CONTINUED..

Dependent to China
Focus on import rather than
Domestic production Threat for
potential group Due to free trade
agreement with china leads to
lack of competition.

CONCLUSION
These are the main points that I wants to
conclude the mega project China PAK
Economic Corridor.
Natural Gateway for China
Positive response by both countries through
mutual cooperation
Both countries are keen to enhance trade
activities
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