Vol. 3 No. 1 (2020): Pakistan Journal of International Affairs
Articles

CHINA-PAKISTAN ECONOMIC CORRIDOR (CPEC) ENERGY PRIORITY & OPTIONS FOR SINDH

Published 2021-03-29

Abstract

The significance of China for Pakistan can actuate further by the economic partnership & commercial interest through the connectivity via CPEC. The exigent deep-sea maritime port (Kashga-Gwadar port) is financed & operated by china provides Pakistan with ample opportunity to paramount commercial relations with Central-Asia republics. Furthermore, Pakistan reveals the prospect of symbolic transit fees; an opportunity to Pakistan public finance. The whole project would take at least 15-20 years for completion & if carried forward in an uninterrupted way, Pakistan would earn huge amount of dividends in long-run, because CPEC project worth estimated $ 32 billion would be financed by FDI through Chinese companies; hence not borne by Pakistan & the remaining $ 12 billion investment is by government to government loans. CPEC project will increase the employment opportunities into the backward district of Pakistan via providing the infrastructure & connectivity with the rest of the world especially the central-Asia, which entertain Pakistan economy in a win-win situation by stabilizing the economy politically & economically.