The China-Pakistan Economic Corridor (CPEC) is a part of China's ambitious One Belt One Road (OBOR) Initiative to link China with Europe. Started in 2013, the CPEC is a developmental project between Pakistan and its all-weather friend China.
by The Wire on 21st Oct 2017 • 16 Views
CPEC seems more like a Chinese project; the benefits are heavily loaded towards China, with Pakistan benefiting because it happens to be 'part of the geographical terrain'.
Pakistan's Gilgit-Baltistan region is frequently in the news these days, but not necessarily for its mouth-watering cherries and dried apricots. The much touted US $46 billion China-Pakistan Economic Corridor (CPEC) will pass through this beautiful province in the north to reach Chinese-operated Gwadar port in the country's south. While there is hope it will transform the economy and help bridge Pakistan's power shortfall, CPEC has also triggered concerns that the local people might be left out of the gains
What are the implications of CPEC ?
This Economic Corridor has been called a "game changer" and even a "fate changer" by an overly enthusiastic Pakistani press and government, with some analysts even saying that this $46 billion "unprecedented" Chinese investment over the next decade-and-a-half will make Pakistan the next Asian Tiger.