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China-Pakistan Economic Corridor: Ensuring Pakistan’s Economic Benefits

Corresponding Author

Muhammad Ibrar

Document Type

Original Study

Subject Areas

Political Science

Keywords

BRI, CPEC, Challenges, Development, Economic Benefits, Infrastructure, Transport.

Abstract

The China-Pakistan Economic Corridor (CPEC) is a well-craftedeconomicpartnership between China and Pakistan which is expected to bring economic development and prosperity not only for the two neighboring countries but also for the whole South Asia. It is considered central to China-Pakistan relations and the CPEC will linkKashgar to Gawadarport through the extension of Silk Road initiative which is widely known as Belt and Road Initiative (BRI). With the investment of 46 billion US dollars,its completion is expected by 2030. CPEC is the most discussed and debated economic partnership and it has great geostrategic importance for Pakistan to counterbalanceIndian influence in SouthAsia. However, the focus on geopoliticaland location of the route has been dominated the important questions concerning “How Pakistan should ensure its economic benefit out of this mega project?” This paper,therefore, aims to develop a theoretical framework and put forward relevant recommendations onhow Pakistan can ensure its economic benefits as comparedto the forecasted economic and political benefits of China and the challenges ahead.

Publication Date

2019

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