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

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.