It will effectively promote the economic and social development of Pakistan. At the same time, the feasibility study of Railway Line ML1 (Peshawar-Karachi) up-gradation project has been completed and governmental framework agreement is being actively discussed. What is the objective of CPEC and how Pakistan is going to benefit from this. Similarly Chinaâs boarder dispute with India also may pose a threat to CPEC. The long term benefits include the improvement of various sectors in Pakistan such as education, health and industry. CPEC has become the framework and platform for comprehensive and substantive cooperation between China and Pakistan. KKH Phase-II (Havelian-Thakot section) and Peshawar-Karachi Motorway (Sukkur-Multan section). Currently, two major CPEC transportation projects have been inaugurated and are under expeditious construction, i.e. China and Pakistan had formed partnership to complete China-Pakistan Economic Corridor (CPEC) under “One-Road, One-Belt” vision. CPEC benefits to Pakistan are really very hard to count. Lahore Line Metro Train: Lahore Line Metro Train promises to connect the vast city of Lahore from one end of the city to the other end. The labour Force should be Quadrupled to complete the job. CPEC has gradually entered into the state of full implementation from planning, which is playing an increasing role in leading and promoting the bilateral substantive cooperation between China and Pakistan. In the process of its construction, both sides agreed on the principles of scientific planning, step by step implementation, consensus through consultation, mutual benefit and win-win results, as well as ensuring quality and safety. CPEC is the important consensus reached by the leaders of both countries. Chinese envoy and Shibli vow to highlight CPEC benefits through media. The train was recently trialed and is due to be completed in a matter of months. Originally valued at $46 billion, the value of CPEC projects is now worth $62 billion. In the process of planning and construction of CPEC, both sides agreed that the governments of the two countries should play the guiding role, and the companies as market entities should make an investment in line with market rules. The two countries are working on the Long-Term Planning of CPEC and its draft has been completed. The Indians are cognizant to the fact that once CPEC is completed; it would change the face of Pakistani province of Balochistan. He said, he was […], Contact: +92 51 835-8038 5. 30,000 direct job opportunities have been created in power and infrastructure sectors for Pakistanis: Specifically, 5,000 jobs have been formed at Port Qasim Coal Power Project and It is estimated that around 800,000 employment opportunities will be available in the next two decades, owing to the diversity and nature of the ever-expanding projects and investments of CPEC. This is the first time that a trade convoy successfully passed through the western part of Pakistan from the north to the south. CPEC Benefits to Pakistan | Pak China Relationship | Usama Ghazi Inside Story Pakistan-China signs an agreement to manufacture smartphones in Faisalabad. Not only will CPEC will be beneficial for the country but the citizen of Pakistan will also be able to bear fruits of its development on individual level. This unique solar project, is the biggest solar producer in Pakistan and has surpassed its intended energy production by 4.42 % in 2015-2016 and 5.48 % in 2016-2017 . It is of vital importance to the uplifting of the level of economic cooperation and the expansion of the space for industrial cooperation between our two countries. Pakistan wants to develop Gwadar not only as an economic hub but also an oil city consisting of oil refineries and petrochemical complexes under CPEC. For example, the KKH (Thakot to Havelian) phase Ⅱ and Suki Kinari Hydropower Station are located in Khyber Pakhtunkhwa. Groundbreaking for 3 projects is expected to be achieved very soon, namely 873MW Suki Kinari Hydropower Station, Matiari (Port Qasim) to Lahore Transmission Line, and 2×660MW Mine Mouth Coal Fired Power Plant at Thar Block I, Sindh with its matching mining project. Answer: Energy is the source of power for economic development and a key factor in the sustainable development of the Pakistan economy. India is showing emotional attitude towards CPEC. CPEC is road to success of economic development of China and Pakistan. The western route is definitely a part of CPEC. CPEC Transport Monographic Study, approved in the 5th JCC, includes Burhan-D.I.Khan, Quetta-Sorab roads as short-term projects. The China-Pakistan Economic Corridor (CPEC) is generally described as a game changer for Pakistan and Balochistan. The construction of CPEC will enhance connectivity and integration of development strategies of China and Pakistan, which is in the fundamental interests of our two peoples. 4. China-Pakistan Economic Corridor is a framework of regional connectivity. As the end of 2016, Zonergy 300MW Solar Park in Bahawalpur Punjab has been completed, combined to the grid, and 50MW Dawood Wind Farm is completed and awaiting connection test. The expenses Govt. China Pakistan Economic Corridor (CPEC) is immense mutual project to get better infrastructure inside Pakistan for better trade with China and to additional combine the countries of the region.CPEC (China-Pakistan Economic Corridor) will bring prosperity for all Pakistanis as well as for western people, it has benefits for both sides, the CPEC is being completely executed. The projects being implemented under the China-Pakistan Economic Corridor (CPEC), a flagship project of the Belt and Road Initiative would not only benefit certain areas but â¦ Cargo liners are visiting the port every month since mid-2016. Raju S Bhaandari. The importance of CPEC to China is reflected by its inclusion as part of China's 13th five-year development plan. Gwadar is Pakistan’s flagship for the future. On November 13, 2016, ceremony for CPEC Pilot Project, First Trade Convoy at Gwadar Port was held. Subsequently, it would facilitate China to take firm actions while pursuing its strategic objectives in Asia-Pacific. Special economic zones where companies can enjoy business incentives and tax holidays: to facilitate rapid commercial and economic development and encourage investment from industries around the world, Pakistan promises to set up special economic zones. The prioritized or early harvest projects mean the projects which will be completed before 2018 or 2020 (for hydropower projects). CPEC will definitely bring vast strategic and economic advantages to Pakistan and regions surrounding it. It has been estimated the introduction of CPEC in Pakistan is going to give a straight boost of 2.5% to the current GDP of 5%. CPEC and the sustainable development it brings to Pakistan Long Term Plan conveys how the multi-billion dollar project can benefit the country Shakeel Ahmad Ramay January 15, 2018 There exist around 20,000 China-graduates in Pakistan in various fields and various age groups, with various lengths of experience to fresh graduates. At the present, India aliens with US and Israel. Peshawar and Quetta are included in roads of CPEC as node points. Under the CPEC framework, both sides have identified 16 prioritized projects with total capacity of 10,400MW as well as 8 actively promoted projects. Pakistan can maximize the benefits of CPEC by involving China experts. Here is some simple CPEC math - Chinese Investment - $60 billion Money paid to Chinese companies executing CPEC projects - $60 billion Net Chinese cash outflow to Pakistan - â¦ In the long-term perspective, CPEC is the future of Balochistan in the same way as Balochistan is the future of Pakistan. Some other projects are being actively promoted, such as 1100MW Kohala Hydro-Power Project, Gwadar Coal-fired Power Plant and Matiari (Port Qasim) to Faisalabad Transmission Line. CPEC is the route to friendship and economic growth and it will open doors to the prosperous world of tomorrow. In the medium-to-long term, both sides will explore and expand the cooperation fields to financial services, science and technology, tourism, education, poverty elimination and city planning, etc., so as to meet the demands of deepening and expanding of China-Pakistan all-round cooperation, and play a better role in leading and promoting substantive cooperation between the two countries. The road is considered to be a major highway that would establish a foundation of networks from the north to the south. $4.8 Billion is being spent by China in developing Gwadar to be the busiest shipping port in South Asia by 2022: Gwadar has become a major global port city and will be the gateway of trade for the continent, linking China with markets in Central and South Asia. Answer: Efficient and fast transportation network is of vital importance to the economic development. There are tons of advantages that the mega project is to bring to Pakistan as well as the entire region. 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