Greeting!

Respected readers ,i hope you are fine and safe with your families. Again i came with another interesting topic. You always listened about pakistan and china economic realtioship.Always a question in mind why china so closing to pakistan day by day or why china need pakistan? Today i would discuss about it.Stay tunned lets move to the article topic.

Purpose of this article to aware trader to think about this project.And they can make much profit by investing in different projects. Because world investor and their reviews is that this project is game changer for investors.

What is CPEC?

This is stand for " China pakistan economic corridor".This is a way by pakistan and china can trade to whole world and would able to sells their goods to central asia and europe.

Actually this is collecting of a projects are going on in pakistan .These are electricity,oil,gas,railways,science and technology,agriculture and transport and roads repairing are included.

46 billion dollars was early investment but in 2017 its was increase to 62 billion dollars.

History

China was infavor of this project science 1950. So first real model of this project was karakorum Highway. Which connect pakistan and china was made in 1959.

1998 china wish or make deal with pakistan to access pakistani sea water and wana make trade through this way.

So 2002 to 2006 construction was started but due to internal security problem this project was stoped. But later 2013 china and pakistan again agreed to long term relationship with pakistan and again November 2014 regularly or officially announced that pakistan and chain are started a project called CPEC.

Why china need pakistan or why china want to make trade this way?

Actually china has big marker and import oil,raw material ,from golf counties and would able to export its goods to whole world very easily. But the route of china is through sea and he has to pass through many countries and pay text. eg Vietnam, Philippines, Indonesia, Thailand, Bangladesh,India,pakistan and golf countries.

So this route is so long and dangerous for china. Take much time as well as chinese government has to pay enough text to cross these counties. Also main reason is that vietnam is against china and USA support vietnam so always there chance of big tragedy.

So through pakistan it only pass through pakistan and use pakistani lands and easily can supply its goods to whole world by pakistani world number one gawader seaport.

Project of CPEC.

Development of roads: karakorum Highway again new construction. Highway connect Northern area of pakistan with china border and than pass through chinese area kashgar than inter in centeral asia.

ML-1: 1687 kilometers road connect karachi to peshawar would construct and repaired.

ML-2: 1254 kilometers road construction which connect khotri to Attock.

ML-3: 60 kilometers road construct in Balochistan.

Railways projects

160 kilometers railway track would repair with 11 billion dollars which connect karachi to peshawar.

682k Kilometers railway tract would connect Hawaiian pakistan to china would construct.

Electricity projects

Solar plant:which would produce 1000 mega Watt electricity.

Wind power plant and hydro power plant (damir phasha dam) in pakistan.

This electricity would make sure to raise economy of pakistan. The manchester of pakistan fasilabad have still shortage of electricity. So make sure 100% supply of electricity we can able to make more clothes. And able to export more and more.

What are the impact of CPEC on pakistan economy?

Big investment: This is first big investment in pakistan which is china is investing. So more investor would invest in pakistan and more the chance of development and industrialization.

Gamechanger: This project is really game changer for the drowing economy of pakistan. And pakistani rupees would able to crack dollar.

World economic hub:When this project will complete so than pakistan would become economic hub for whole world. Because russia aslo agree to make investment in this project. Now industries would build and new way of trading for traders.

Important export easily: Pakistan would able to import or export easily by development of roads.

Electricity problem resolved: Pakistan is facing electricity problem from many years so at leat we would able to get rid of this main problem. And our industry would work again eg cloth industry

Sport industry: Pakistani footballs are very popular in whole world.In Fifa world cup pakistani food balls are used and made in pakistani city sialkot. So we would able to export more goods of sport and can earn more profit

New development in agriculture industry: Pakistan is basically agricultural country. So by CPEC we can improve our agriculture which is now about to dead. So we would get help of china and would improve our agriculture industry.

Science and technology:This is true pakistan is top 3 would intelligent counties . So we have good potential to do something but have no resources . So CPEC we would able to progess in science and technology which is now almost 0%.

Jobs:It would create a million of jobs in pakistani as well as china .So people are learning chinese to join this project easily. So unemployment would vanished.

How world see this project or reviews about its

Russia: Russian always looking for warm water so they are also in favor of this project and russia wanna make this gawader seaport world best and modern seaport. So recently they wished to make project here in pakistan to join this project.

Iran: Also member of this project.

Sudia Arabia: Also want to make or join this project.And said to set-up oil factories.

Central asia countries: Almost all central asia countries agree to join this project. So pakistan and china started a another project with central asia countries.

Almost all countries are agree to make investment in CPEC.

But American, israel,india are against it. Because American think that by this project china would become super power and its pride would loss.

Security

Security of CPEC would done by pakistan,china , russia together.

And this done by pakistani police,army and air force as well as chinese forces.

Thanks readers for reading and for your pricious time.Hope you would enjoy it. Stay tunned for more 😊.

Regards from Aasi