ECONOMIC AND SOCIO-CULTURAL IMPACTS OF CHINA- PAKISTAN ECONOMIC CORRIDOR (CPEC) UNDER ONE BELT ONE ROAD (OBOR)

Abstract

In this age of making continual growth, economic Corridors are an important need for the development of any country. As compared to other regional countries, China is a more reliable and all-time partner of Pakistan without any doubt. Over the years, both countries have developed strong bilateral trade and economic collaboration. Economic Corridor from Gwadar to Kashgar through rail and road connections would be a great source of change and development in the region. Furthermore, it will provide the best and the shortest supply route to China as well as countries in central Asia. The current study explores the economics and socio-cultural impacts of CPEC. The method used in this study is based on literature review and analysis of (OBOR), (CPEC), economic and socio-cultural impacts. (CPEC) provides a unique opportunity for Pakistan to bolster its strategic and economic position coupled with many socio-cultural and economic benefits. The research depicts some knowledge-provoking results about (OBOR), (and CPEC) and their socio-cultural and economic impacts.