CPEC Essay
CPEC Essay
Introduction:
China-Pakistan Economic Corridor is a framework of regional
connectivity. CPEC will not only benefit China and Pakistan but will have
positive impact on Iran, Afghanistan, India, Central Asian Republic, and
the region. The enhancement of geographical linkages having improved
road, rail and air transportation system with frequent and free
exchanges of growth and people to people contact, enhancing
understanding through academic, cultural and regional knowledge and
culture, activity of higher volume of flow of trade and businesses,
producing and moving energy to have more optimal businesses and
enhancement of co-operation by win-win model will result in well
connected, integrated region of shared destiny, harmony and
development.
A little more than two years after Xi Jinping’s visit to Pakistan, which
marked the launch of the China-Pakistan Economic Corridor (CPEC), and
in the wake of the Belt and Road Forum held in Beijing on 14-15 May
2017, it is an ideal time to provide a preliminary assessment of CPEC’s
implications for Pakistan’s domestic politics as well as for the country’s
geopolitical posture. With its $55 billion overall investment, CPEC
represents the flagship project of China’s Maritime Silk Route initiative,
aimed at the construction of ports, infrastructure, as well as road and
rail connectivity in Pakistan, Bangladesh, and Sri Lanka. What has been
CPEC’s impact so far? According to a recent report by the International
Monetary Fund, CPEC is going to boost investment in Pakistan’s
economy and there is general optimism in the country about the positive
changes that CPEC would bring about.