INTRODUCTION TO CHINA PAKISTAN ECONOMIC CORRIDOR AND ITS IMPORTANCE FOR PAKISTAN
Keywords:CPEC, Pakistan, China, Economy, Growth.
The China Pakistan Economic Corridor (CPEC) consist of various projects related to energy, telecommunication, and highways linking Gwadar Port to China thus creating a shorter route. This route has strategic importance as it provide cost effective way of exporting Chinese products to the world market and reducing transportation cost on oil imported from Middle East to China. The CPEC project is beneficial for Pakistan as it has potential to reduce country’s energy shortage, boost economic growth, create jobs and reduce poverty. The challenges to the project include security issues, political will, and foreign interference. It is recommended that government of Pakistan include key stakeholders such as local people, communities, Chinese government, and neighboring countries in the process in order to better overcome these challenges.
Copyright (c) 2019 Sana Saeed
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