CPEC is a massive bilateral mega project between Pakistan and China CPEC is part of one belt, one road project more commonly known as the China Pakistan economic corridor. The project was launched on April 20, 2015, when Chinese president Xi Jinxing & Pakistan Prime Minister Nawaz Sharif signed a 51 agreement. This corridor will incorporate a 2,000-kilometer transport link between Kashgar in northwestern China to Pakistan’s Gwadar port on the Arabian Sea near the border with Iran via roads, railways, and pipelines. The cost of this project is approximately 46 billion USD. This project consists of three main phases infrastructure, power energy, and Gwadar port. CPEC project is doing by allegedly Pakistan and china the project aims to upgrade for infrastructure, transportation network numerous energy power plants it is special economic zone basically china utilize Pakistan route they want to connect their Kashgar province with Gwadar seaport because china is world biggest goods exporter, it desires to easily export their goods from dry route Gwadar port nearby gulf countries and those gulfs countries have biggest oil exporter so china desire to import oil from gulf countries. CPEC is a benefit for Pakistan and China and it’s also giving a positive impact on land-lock countries like Afghanistan Tajikistan Uzbekistan Turkmenistan because those countries have no seaport. China Pakistan Economic Corridor is a journey toward economic regionalization in the globalized world. It founded peace, development, and a win-win model for all of them.
CPEC Opportunities:
Pakistan and China’s “all-weather friendship. The two countries have been strong diplomatic partners for 71 years, at first as a geostrategic.CPEC is best the opportunity for Pakistan in the future it will game changer for Pakistan’s economy. It will prove to be a golden opportunity for Pakistan promotes cooperation on infrastructure, transportation, industrial collaboration, and Gwadar harbor. When the project was started seventy thousand Pakistani people got jobs. CPEC is the first part of the one belt one road initiative project through this project china desire to connect the entire world. Pakistan can play a significant role in this regard and it’s a great opportunity for Pakistan.
Our country has abundant natural resources from north to south and east to west and has a real geostrategic position. Albeit CPEC is the source of a well-developing economy, on the other hand, it’s also given the opportunity to build up remote regions. The total allocated amount under CPEC is approximately 50 billion dollars including 35 billion dollars for energy projects and 15 billion dollars for Gwadar infrastructure, and industrial zones. This project needs to be completed by 2030. The energy-related project was completed in 2019 and the Gwadar city road project had been completed in 2020. Agriculture, industries zone, and tourism will be complete in 2030. The government of Pakistan offers foreign countries to invest money in Gwadar. Saudi Arabia shows interest in oil refineries made in Gwadar. Gulf countries have also acquired benefits to export oil to the central Asia region. It is an incredible shortcut route from transportation for those landlocked countries in South Asia.
The fruit of economic activity at Gwadar port would be helpful for the entire country in general; but, it is very significant to address the needs of Baluchistan first. Many efforts have been made over the years and for the most part after the inception of CPEC that the people of Baluchistan are treated on a priority basis. Economic analyzes say that CPEC is a boost to Pakistan’s economy they predict Pakistan became 3rd world GDP after this completed project. Through the CPEC project will be made a lot of industries in Pakistan establishment of a free industrial zone is one of the objective areas under the CPEC it will grow up there have nine special economic zones characterized by specific products or services will be established all of the providence in Pakistan.
Government Face Challenges:
Baluchistan province has rich natural resources but unfortunately remained impoverished over the years that some reasons, this province suffering terrorist problems rebel insurgency facing people and a lack of education. Some terrorist groups trying to stop this projected attack on Chinese nationalities in Pakistan and Pakistan army personnel. The militant group against the Pakistan government and Chinese interference in the Baluchistan region the extremely terrorist worried about china because hundred of Chinese national was killed and wounded in Pakistan. For this reason very awful impact on bilateral relations between Pakistan and China. Ambassador of china also demands from the Pakistan government action on this terror organization caught behind the culprits. A few years ago BLA attack on 23 November 2018, an armed assault on the Chinese consulate in Karachi on Clifton’s site where four people were killed in an hour-long shootout that include two policemen, and two Pakistani civilians, and the three attackers.
Then On 29 June 2020, Baluchistan Liberation Army terrorists attacked the Pakistan Stock Exchange building in Karachi with grenades and fired indiscriminately. At least three security guards and a police sub-inspector were killed, while seven people were injured during the attack. Now currently attacking Chinese teachers in Karachi University there were three Chinese teachers killed beside the gate. The claim of responsibility accepts BLA group the attack performed first suicide lady. Those terrorist groups operate in Afghanistan. The government also defends and faces some social media malicious propaganda against the CPEC project adversaries, won’t see grow up its projects, but Allah befell bless Pakistan 1st phase has been completed since 2020 and 2nd the phase is ongoing it will be complete by 2025 but unfortunately, work has been delaying because Pakistan suffering from economic crises and political crises. Pakistan also suffering from current account deficiency it can’t pay the amount of 300 billion Pakistan rupees for power plants. During the current meeting, the independent producer company complains to Ahsan Iqbal who said that the project will be stopped if the amount can’t be paid by Pakistan.
