CPEC, a game changer
Pakistan has great geopolitical importance in the region. The most vociferous depiction of this reality came in shape of China Pakistan Economic Corridor. The corridor is a $46 billion project which will provide the shortest trade routes for the Chinese goods to the markets of Gulf and African regions via Gwadar port of Pakistan. The project is being seen as game changer of region amid challenges faced by it.
CPEC brings immense economic opportunities for Pakistan. The country has for long faced economic crisis. In the wake of this project Pakistan will seek revenue from port rents, trade tariffs and chance to establish its own trade links with the Gulf States.
It will bring fortune to the people of the regions who will host its trade routes. This will also lead to establishment of industry thus creating more jobs. An important prospect of CPEC is seen in the power-projects it is bringing for Pakistan. Under the deal signed, China will install over 15 power plants in Pakistan. They will double the energy production by 2020 which is go- ing to end the energy crisis in country.
CPEC brings the prospect of uniting the region economically. China can lead an economic bloc of Asia. Iran will also find this project favourable once this project gets completed. The CPEC has been proving an eye sore for the enemies of Pakistan, thus giving way to a number of challenges, including engineered militancy in Balochistan to demoralise the investors, the Indian interference in the construction and development of project and global strategic competition between US and China.
CPEC is seen a Game Changer in the region as it will bring economic unity in Asia particularly among the countries of South Asia, Middle East and adjacent states of Africa, it can bring stability in the region if countries are positively engaged in trade, CPEC can turn Gwadar port into an international trading point bringing fortune to Pakistan and regional balance, which for long has been US-dominated, will gradually begin to show a shift in alliances. Dealing with the challenged ahead, CPEC can be constructed to exploit the maximum of potential it carries. CPEC is a Game Changer economically as well as strategically. — Karachi