Vol. 4 No. 4 (2021): Pakistan Journal of International Affairs
Articles

China Pakistan Economic Corridor and its Economic Impacts on Pakistan

Published 2021-12-31

Abstract

Pakistan is bestowed with geographically significant position in Southern part of Asia. China as a rising power is eager and prepared to spread in the power-rich area, Gulf countries, and to the markets & natural possessions of Europe and Africa. The China Pakistan Economic Corridor project is the perfect display of Pakistan and China’s strong bond of friendship enjoyed by both countries from decades. The mutual benefits and mutual trust on each other by these two countries have led the relationship to be long lasting. The project will not only give a boost to the economic progress in both countries but will also help in gaining their strategic goals. CPEC is part of China’s “Belt and Road Initiative (BRI)”. The CPEC strengthen strategic partnership between two countries through railway routes, formation of industrial zones and investment in several other development projects. CPEC will not only add a new chapter in the China Pakistan Cordiale but also would benefit the region as a whole. Furthermore, being a flagship project of BRI, it has to face undoubtedly equal challenge as well. Political instability in the country, uncertainty in Afghanistan competing interest of neighbouring states as like of Iran and India, and US are of grave concerns. This paper shed light on what is the significance of CPEC in China Pakistan relations? And what would be the impacts of China Pakistan on Economic conditions of Pakistan? How CPEC become a backbone of their relations?