CPEC transforms Pakistan into a geo-economic hub
THE China-Pakistan Economic Corridor connectivity and economic partnership, derived from China’s transnational initiative of One Belt One Road (OBOR). It promises shared prosperity through greater infrastructural interconnection and trade linkages between Pakistan and China and beyond through a 3218 km stretch of network comprising of roads, rail, fiber optic, energy pipelines, industrial clusters and Special Economic Zones ( SEZs). It development and poverty alleviation, tourism cooperation and people-to-people human resource development. Cumulatively, China will invest more than US $ 46 billion in
CPEC aims to transform Pakistan into a geo-economic hub as it will not only connect Kashgar region in China with Gwadar region in Pakistan but will also augment the inter-regional trade potential by providing linkages between China, Central Asia, South Asia, Arabian Sea, Persian Gulf and Middle East. Billions of people inhabiting these parts of socio- economic development engendered by CPEC.
The CPEC was formally launched by China and Pakistan in 2013 with a systematic timeframe for completion by 2030. Its prioritized or early harvest projects, which mainly include modernization of Gwadar deep sea Port and energy sector projects with a total capacity of 10,400 MW, are scheduled to be completed by 2018 to 2020. By now, the CPEC has gradually entered into the state of full implementation from planning. Gwadar Port has already started functioning under CPEC since November 2016 when travelling all along from north to south in western part of Pakistan.