According to some internal sources, there is also negative propaganda against CPEC project that entrance of Chinese products in the Pakistani market may cause unemployment and destruction of local manufacturing industries. Some CPEC projects in the western parts of Pakistan are making progress. CPEC has potential to transform the socio-economic landscape of Pakistan. It seems determined to monitor the navigation operations in the South China Sea and continue developing bases on its Islands in the Sea. The EFSAS said that the "the much-publicized CPEC may benefit Pakistan and in particular its Punjab province, but it will render more than 10,000 people of Gilgit-Baltistan jobless, once the existing dry port is relocated from Sost in Gilgit-Baltistan to Havelian in Pakistan." Over 500,000 professionals are expected in the city by 2023. There are tons of advantages that the mega project is to bring to Pakistan as well as the entire region. Answer: CPEC is for Pakistan as a whole and will bring benefits to the Pakistani people including the people from the western parts. The concept of Share Wealth, Share Peace, Share Future could be conceived anywhere in the world. India is showing emotional attitude towards CPEC. Gwadar is Pakistan’s flagship for the future. As the CPEC project is designed to help boost Pakistan’s economic development, it can be rightly called as a gateway to the prosperity of Pakistan. Construction is underway for 8 projects, namely , Sachal 50MW Wind Farm, Port Qasim 2×660MW Coal-fired Power Plant, Sahiwal 2×660MW Coal-fired Power Plant, 660MW HUBCO Coal Power Plant, 720MW Karot Hydropower Station, 100MW Jhimpir UEP Wind Farm, China Three Gorges Second Wind Power Project and 2×330MW Mine Mouth Coal Fired Power Plant at Thar Block II, Sindh with its matching mining project. Answer: Efficient and fast transportation network is of vital importance to the economic development. China is the central point of mechanism to the West and Pakistan’s central point of mechanism to the Central, West, and South Asia bothers regional and global aspiring is a supreme leader. Recommend 0. 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. 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. The CPEC will benefit not only Pakistan and China, but the whole region, including, Afghanistan, Iran, India, Nepal, Bangladesh, Sri Lanka, CARs, Russia, ASEAN, the Middle East and North African countries. 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 … 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. Faqeer Primary School has become the first project completed under CPEC. 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Right now, enormous efforts are being made to advance road connectivity in the western parts of Pakistan, and the Chinese side is cooperating with the Pakistani side to create favorable conditions for attracting investment in western and northern parts of Pakistan. Required fields are marked *, The Central Develo­pment Working Party (CDWP) on Wednesday cleared five development projects at a cumulative cost of about Rs54 billion including Rs38bn second phase of a project for laying cross-border optic fibre cable with China. Chinese envoy and Shibli vow to highlight CPEC benefits through media. 1. Preferential Chinese government loans are provided for these projects. 2.5% projected annual growth for Pakistan via CPEC: The projects being undertaken in CPEC are promising to help boost the GDP of Pakistan to 7.5% . 5. The … December 3, 2020 0 comments ... Faraz in a meeting with Chinese Ambassador Nong Rong here on Wednesday emphasised need for enhanced cooperation between Pakistan and China in the fields of media and culture. Bakhtyar for stronger economic partnership with China through CPEC CDWP clears Rs. Answer: Situated at the southern end of CPEC near the ocean mouth, Gwadar port is an important project of the CPEC. 2,000 km of rail and road networks connecting Kashgar, China to Gwadar, Pakistan: CPEC solely focuses on the infrastructure of Pakistan from North to South along the economic corridor. As Pakistan has very less to export to China, Pakistan will get very less profit from this arrangement. Pakistan stands to gain due to upgrade of infrastructure and introduction of a reliable energy supply. CPEC | China-Pakistan Economic Corridor (CPEC) Official Website Develop By Ministry of Planning Development & Special Initiatives CPEC Secretariat 'P' block Pak-Secretariat, Islamabad,Pakistan. The geographic location of Pakistan holds a high potential to define its impact and influence on the world of politics and power. China-Pakistan Economic Corridor (CPEC), massive bilateral project to improve infrastructure within Pakistan for better trade with China and to further integrate the countries of the region. Xinhua begins Pakistan language service to push Belt and Road, 13 CPEC projects worth $11bn have completed, NA informed. Beijing has been developing powerful forces capable of deterring and defeating aggression of any state, including United States, in South China Sea. The project has great potentials for Pakistan, in both economic and regional domains. The two countries are working on the Long-Term Planning of CPEC and its draft has been completed. The hydropower project will have an estimated investment of more than $1.35 billion and is part of the China-Pakistan Economic Corridor (CPEC). 38Bn for the second phase of Cross-border optic fiber project under CPEC Chinese envoy and Shibli vow to highlight CPEC benefits through media We all know that CPEC project would be transforming the global geo-economic landscape. Peshawar and Quetta are included in roads of CPEC as node points. International Seminar on “CPEC, An Extra Regional Perspective”, Chinese Language and Cultural Scholarship, Hunan Chemical Vocational Technology College, CPEC projects to be put on fast track, PM says,, “CPEC is an important pilot programme in China and Pakistan joint efforts to build the Belt and Road Initiative (BRI) and there has been a major progress recently especially in infrastructure and […], The 5th meeting of Pakistan China Joint Working Group (JWG) on Gwadar has finalized deliverable projects which would be placed before the next Joint Coordination Committee (JCC) of CPEC. CPEC is encountered by the anti-CPEC regional and global challenges. Answer: China and Pakistan have reached consensus on the basis of “one corridor, multiple passages”, aiming to benefit the economic and social development of all regions in Pakistan and provide effective connectivity to Gwadar port. Answer: Energy is the source of power for economic development and a key factor in the sustainable development of the Pakistan economy. The Chinese Government decided to provide interest-free loans for the laying of Optical Fiber Cable from Rawalpindi to Khunjerab and construction started in April, 2016. CPEC will provide new opportunities, new vision as well as new impetus to China-Pakistan relations. Hence, Asia-Pacific region has become a geostrategic priority for the Pentagon. Your email address will not be published. KKH Phase-II (Havelian-Thakot section) and Peshawar-Karachi Motorway (Sukkur-Multan section). In May 2013, Chinese Premier Li Keqiang proposed the initiative of CPEC during his visit to Pakistan, which immediately got positive response and support from the Pakistani government. 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 JCC secretariats are within the National Development and Reform Commission of China and Ministry of Planning, Development and Reforms of Pakistan respectively. These zones can be found on the outskirts of large cities in Pakistan such as Faisalabad, Islamabad, Mirpur, Nowshera, Karachi, and Gilgit. The China-Pakistan Cross-border Fiber Optic Cable Project and ML1 Railway upgradation (framework agreement under active discussion as of December 2016) also pass through Khyber Pakhtunkhwa. The existing road network shall be used in the beginning, developing the missing connections first, with the easiest one on priority, through scientific planning. Answer: Industrial cooperation is an important field of CPEC. Under the CPEC framework, both sides have identified 16 prioritized projects with total capacity of 10,400MW as well as 8 actively promoted projects. 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. 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. Both sides agreed to make the list of prioritized or early harvest projects as well as the long-term plan for CPEC. No doubt CPEC will benefit both Pakistan and China, however construction of " Small & Medium Economic Zones " should be expedited exponentially. Envisaged in mid-2013 and launched in April 2015, the China-Pakistan Economic Corridor (CPEC), a set of projects under China’s Belt and Road Initiative, marks a new era of economic ties in a bilateral relationship historically defined by security cooperation. The Gwadar Port, Gwadar Free Zone, Gwadar East-bay Expressway, Gwadar International Airport, Gwadar coal-fired power plant and HUBCO coal-fired power plant are all in Balochistan province. In July 2013, during Prime Minister Sharif’s visit to China, an MOU was signed to start work on CPEC. Quaid-e-Azam Solar Power Park Bahawalpur – The Largest Solar Power Plant: The 100MW Solar Power Park in Bahawalpur has generated not just jobs but the cleanest and the most reliable source of energy to Pakistan, thanks to the collaboration of the governments of China and Pakistan. of Pakistan has to bear from its own pocket. 9. The JWG meeting, held through a video link in Islamabad on Monday, was co-chaired by Ministry of Planning, Development, & Special Initiatives Secretary Mathar Niaz Rana […], Collaboration in the film industry has the potential to elevate people-to-people cooperation and understanding between Beijing and Islamabad, which have already been consolidated by the joint projects under the China-Pakistan Economic Corridor (CPEC), such as the recently completed Orange Line Metro in Lahore, a Beijing-based Pakistani analyst told after two movies from her country made […], The Parliamentary Committee on China-Pakistan Economic Corridor (CPEC) met here to discuss various matters of the mega project including China Pakistan Free Trade Agreement (CPFTA) Phase-II and Afghan Pakistan Preferential Trade Agreement (APPTA) agreement. The Chinese side is willing to provide high-quality industrial capacities to Pakistan and encourage reputable Chinese companies to make an investment in Pakistan. CPEC is facing Pakistan as a whole and will bring benefits to Pakistani people. Zhao later tweeted, China appreciated the “positive contribution by Pakistan to the international counter-terrorism cause” and “firmly supports Pakistan in cracking down terrorist forces”. 4.8 Billion is being spent by China in developing Gwadar to be the busiest shipping port in South … It will effectively promote the economic and social development of Pakistan. JCC is responsible for the overall planning and coordination of CPEC, and the joint working groups are responsible for the detailed planning and implementation of the projects within its field. It carries huge potential and a bright future. Answer: As a large and systematic project, which covers 2013-2030, CPEC needs joint and unremitting efforts from governments, companies and all social sectors of China and Pakistan. In the long-term perspective, CPEC is the future of Balochistan in the same way as Balochistan is the future of Pakistan. 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. The labour Force should be Quadrupled to complete the job. It will effectively promote the economic and social development of Pakistan. Challenges to CPEC depend upon the nature of enmity of both China and Pakistan with their rival nations. Gwadar’s port is being developed as part of the $64 billion China-Pakistan Economic Corridor, an ambitious plan to build energy and transport links connecting the western Chinese region of Xinjiang with the Arabian Sea via Pakistan, as … “Had a comprehensive review of the CPEC cooperation and discussed the way forward with Asim Saleem Bajwa,” the Chinese ambassador said in a tweet. During the development of Gwadar, Chinese engineers have been killed. Post Views: 2,919 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.