Page 39 - LECTURETTE TOPICS eBOOK

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Direct Investment of Pakistan. The CPEC project has potential to deepen the relation
between China and Pakistan. It will not only benefit Pakistan and China, but will also
have positive impact on Iran, Afghanistan, India, Central Asian Republic and other
neighbouring regions.

China-Pakistan economic corridor is the step towards regionalization in this
globalized world. CPEC is the new hope for better region with peace, development
and growth.

Significance of CPEC:

• China Pakistan Economic Corridor has great importance for the growth
and development of the region.
• Areas of cooperation and development includes regional connectivity like
Transport Infrastructure, Energy Hub, Logistic Hub, Trade and Commerce,
Peace and Development, Explore potential bilateral investment,
Harmonization and Integration of civilizations.
• This will increase livelihood and employment opportunities and help in
Industrial, Financial and Agricultural cooperation. It will also enhance
educational linkage, security and stability of the region.
• The GDP of Pakistan has increased enough to put the economy on the
right track. On the other side, the country has staved off a foreign
exchange crisis.
• Energy shortage have been a major havoc in Pakistan, so energy sector
is the primary focus of the corridor.

• The project connects the south-western China with Pakistan emerging
Gwadar port, which will improve the roads and railway connectivity
providing energy starved Pakistan with needed economic infrastructure.

• It is estimated to add 17,045 MW of energy to Pakistan’s national grid.
• For China, CPEC is the fate changer in strategic and economic senses.
• China’s industrial growth mostly depends on crude oil imports via sea
routes from regions like eastern Africa, western Africa and the Middle East,
that passes through the Malacca Strait.

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