Cpec A Threat or A Game Changer For Pakistan

IR ASSIGNMENT 3
CPEC- A game changer or a

threat for Pakistan
Ayesha Fakhar SP-20-BBA-033
CPEC A THREAT OR A GAME CHANGER FOR PAKISTAN
CPEC or China-Pakistan Economic Corridor is a project of President Xi Jinping's

vision of Belt and Road Initiative which would also lead to a connection
between the countries or in other words is a regional connectivity. Moreover,
the main objective of this project was solitude, development, and win-win
model for all of them. The whole project was endorsed by both Chinese and
Pakistani governments and is under development in Pakistan. In addition, the
project plans have an enormous effect on the Pakistan’s economy by rapidly
improving the country’s infrastructure including modern transportation
networks, energy projects, and special economic zones.
Furthermore, through the construction of the modern transportation
networks, numerous energy projects and special economic zones it will
strengthen its economy. In addition, CPEC was officially launched in 2015 when
Pakistan and China signed an agreement to commence work on the $46 billion
of development projects. Adding on to this, if we talk about the projects which
are under CPEC then there are several energy projects, which are 21 in
number. 21 are the ones which are reported. Out of 21, only 10 are the ones
which are completed as pause or are still under process. Furthermore, CPEC
also will supply an estimated $5 trillion worth of investment into the
infrastructure of 52 countries.
Evaluating the facts and figures of this project I think this project is a game
changer for the economy of Pakistan as it will help to boost the economy. In
addition, the CPEC will show an obvious expansion in Pakistan's economy by
expanding exchange with China, Central Asia, Russia, Middle East and Europe.
Moreover, CPEC will allow to have a distinct economic development in
Pakistan that would be visible enough to everyone by around 3% as a result of
expansion in the modern advancement because of the accessibility of assets.
The Project will have an impact on the agriculture growth of Pakistan too as
with the participation of China and sharing current innovation and modern
techniques alongside our possible atmospheric conditions this will create a
great expansion in the rural area hence, will lead towards agrarian
development. Moreover, CPEC will also increase the worth of the land
encompassing is improving altogether and is giving various business open
doors to proprietors and architects of the land. Furthermore, it will also
increase the foreign investment as CPEC is a one of the huge project hence,
increase our economic development rate.
Moreover, unemployment rate is always high in Pakistan so this project will
decrease the rate of unemployment as it will create jobs for a large number of
individuals. This project will also have a positive impact on the import and
export of the Pakistan as more revenue can be made through exporting of
goods and services to and from various countries.
In addition, CPEC will not only increase the exports it will also increase the
tourism rate as having a positive relationship with China will attract people to
travel and the appealing business action around Gwader city. Moreover,
several provincial and extra-territorial countries will join CPEC hence, this will
lead to work on Pakistan's global height, our contacts and will make an
atmosphere of harmony and strength in the area. CPEC will also act as a bridge
between improving relationships with other countries which will increase the
foreign investment level and also improves the existing relationship with
China. This will have a positive impact on the GDP or the GNP of the economy
of Pakistan. Furthermore, this may also increase in stability as glaring countries
like Russia and a few European powers will need to stimulate their
organizations with Pakistan and have their impact in contributing towards
harmony and steadiness in South Asia. Overall, CPEC will act as a very helpful
project in terms of Pakistan’s economy as it will enhance various factors that
will be beneficial for the Pakistan’s economy in the short or long run.

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IR ASSIGNMENT 3

CPEC- A game changer or a

CPEC or China-Pakistan Economic Corridor is a project of President Xi Jinping's

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