Hence, Asia-Pacific region has become a geostrategic priority for the Pentagon. Answer: China-Pakistan Economic Corridor (CPEC) is a major and pilot project of the Belt and Road Initiative which is proposed by Chinese President Xi Jinping. BEIJING, Oct 01 (APP): Pakistan Ambassador to China, Moin Ul Haque has said that the second phase of China Pakistan Economic Corridor (CPEC) was people centric and this flagship project would directly benefit common people by creating jobs, alleviating poverty and improvement in â¦ The first badge of Pakistani students traveled to China for higher education in 1977-78. Originally valued at $46 billion, the value of CPEC projects is now worth $62 billion. 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. 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, https://obortunity.org/wp-content/uploads/2020/01/china-pak.jpg, https://obortunity.org/wp-content/uploads/2017/09/ObortunityLogo-e1508394799669.png. According to the estimates, the ‘One-Belt One-Road’ would establish close land and maritime connections between/among 60-plus countries across Asia and Europe. Up to now, a series of major projects are being implemented in a steady manner, and are under smooth construction in general. The Chinese side is willing to provide high-quality industrial capacities to Pakistan and encourage reputable Chinese companies to make an investment in Pakistan. Both sides agreed to make the list of prioritized or early harvest projects as well as the long-term plan for CPEC. The geographic location of Pakistan holds a high potential to define its impact and influence on the world of politics and power. 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. 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. During the development of Gwadar, Chinese engineers have been killed. CPEC Benefits to Pakistan | Pak China Relationship | Usama Ghazi Inside Story Pakistan-China signs an agreement to manufacture smartphones in Faisalabad. As the CPEC project is designed to help boost Pakistanâs economic development, it can be rightly called as a gateway to the prosperity of Pakistan. Currently, two major CPEC transportation projects have been inaugurated and are under expeditious construction, i.e. Model Rubya Chaudhry announces her divorce with musician Mekaal Hassan, Health ministry requests GAVI for COVID-19 vaccine as it becomes available, Pak-UK best international friends: Prince Charles, Have seen Nawaz, Zardari facing Allah’s punishment: PM. 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. No doubt CPEC will benefit both Pakistan and China, however construction of " Small & Medium Economic Zones " should be expedited exponentially. Gwadar is Pakistan’s flagship for the future. There are five joint working groups under JCC, namely long-term planning, energy, transportation infrastructure, industrial cooperation and Gwadar port. Your email address will not be published. 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. There are tons of advantages that the mega project is to bring to Pakistan as well as the entire region. 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. The Indian intelligence agency RAW crafted a network in Balochistan to obstruct the construction of CPEC infrastructure. In July 2013, during Prime Minister Sharif’s visit to China, an MOU was signed to start work on CPEC. Your email address will not be published. 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. CPEC has potential to transform the socio-economic landscape of Pakistan. 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. CPEC will definitely bring vast strategic and economic advantages to Pakistan and regions surrounding it. 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 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. There exist around 20,000 China-graduates in Pakistan in various fields and various age groups, with various lengths of experience to fresh graduates. 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. Recommend 0. During Obama’s Administration, pivot or rebalance strategy in Asia-Pacific was designed in 2011-12 to contain China. 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. CPEC is a vision with the long-term planning up to 2030. 4. The chains of roads and rail networks ensure both the investors and the public a route to communicate more efficiently and it is expected that both countries will see economic benefits. For example, the KKH (Thakot to Havelian) phase Ⅱ and Suki Kinari Hydropower Station are located in Khyber Pakhtunkhwa. The CPEC shall essentially follow the North-south corridor in Pakistan. It is obvious that USA is not happy with the ever increasing influence of China on world horizon. Answer: CPEC is for Pakistan as a whole and will bring benefits to the Pakistani people including the people from the western parts. At the present, India aliens with US and Israel. Pakistan plans to train 12,000 security personnel to protect Chinese workers on the corridor. China and Pakistan are actively promoting the East Bay Expressway project and the New Gwadar International Airport project. On November 13, 2016, ceremony for CPEC Pilot Project, First Trade Convoy at Gwadar Port was held. Under the CPEC framework, the two sides have identified two industrial cooperation projects, namely Haier-Ruba Economic Zone (2006) phase II and Gwadar Free Zone. 4.8 Billion is being spent by China in developing Gwadar to be the busiest shipping port in South â¦ CPEC | China-Pakistan Economic Corridor (CPEC) Official Website Develop By Ministry of Planning Development & Special Initiatives CPEC Secretariat 'P' block Pak-Secretariat, Islamabad,Pakistan. Peshawar and Quetta are included in roads of CPEC as node points. NIPCO House, 4 - Shaharah e Fatima Jinnah,Lahore, Pakistan Tel: +92 42 36367580 | Fax : +92 42 36367005, Content for September 25, 2019 is not available, CM warns of alarming rise in Coronavirus cases, Moscow starts mass COVID-19 vaccination program, Governor Punjab arrives at UHS to get Covid vaccine injected, PHC committee seals 13 laboratories & collection centres, US pulls plug on exchange programmes with China, PM to address climate change summit on December 12, Naval Chief visits Turkish Naval Shipyards today, India faces 'challenges' in nationwide virus vaccination, Lionel Messi Several Goals Away From Pele’s Record, Benefits of CPEC to be passed to every Pakistani: Nusrat Wahid, CPEC a route to Pakistan’s economic stability: Envoy, CPEC laid sound foundation for modernisation of Pakistan’s economy, China acknowledges major progress in CPEC infrastructure, energy projects, Pakistan reports 3,119 new COVID-19 cases in one day, Pakistan reports 3,262 new COVID-19 cases in one day, Pakistan exposes Indian state sponsorship of terrorism: DG ISPR, IHC dismisses plea seeking ban on political, religious gatherings. 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. CPEC is of great significance to the development of China-Pakistan all-weather strategic cooperative partnership and the building of the community of shared destiny between China and 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 prioritized or early harvest projects mean the projects which will be completed before 2018 or 2020 (for hydropower projects). Kulbhushan Yadav was arrested from Balochistan and admitted that he was on mission to handle terror activities in Balochistan. At a meeting presided over by Deputy Chairman Planning Commission Mohammad Jehanzeb Khan, the CDWP itself approved four development projects […], China on Thursday acknowledged a major progress especially in the infrastructure and energy projects being completed under the China-Pakistan Economic Corridor (CPEC) framework. Over 500,000 professionals are expected in the city by 2023. Bakhtyar for stronger economic partnership with China through CPEC CDWP clears Rs. The project is expected to be complete in the first quarter of 2020. The long term benefits include the improvement of various sectors in Pakistan such as education, health and industry. 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. China and Pakistan would be the primary beneficiary of the project. It has also won across-board support from the political parties and peoples of our two countries, which provided profound and solid public support for CPEC. 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. The project was launched on April 20, 2015 when Chinese President Xi Jinping and Pakistani Prime Minister Nawaz Sharif signed 51 agreements and Memorandums of Understanding valued at $46 billion. 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. 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. 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. We all know that CPEC project would be transforming the global geo-economic landscape. Faqeer Primary School has become the first project completed under CPEC. 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. Answer: Energy is the source of power for economic development and a key factor in the sustainable development of the Pakistan economy. The Chinese spokesperson said CPEC is an important pilot program and both China and Pakistan are committed to bring greater benefits to both the countries and the entire region. It seems determined to monitor the navigation operations in the South China Sea and continue developing bases on its Islands in the Sea. With the implementation of various projects, CPEC will play an increasingly important role in promoting the economic development and uplifting living standard across different parts of Pakistan. Raju S Bhaandari. Globalisation may get a great boost from CPEC. The hydropower project will have an estimated investment of more than $1.35 billion and is part of the China-Pakistan Economic Corridor (CPEC). CPEC is road to success of economic development of China and Pakistan. The importance of CPEC to China is reflected by its inclusion as part of China's 13th five-year development plan. In order to improve the operational capacity of the port, China Overseas Ports Holding Company Ltd. (COPHC) has carried out repairs and up-gradation of the port facilities, and now the port has restored its designed capacity. (v) In the strategic context, CPEC conforms to Pakistanâs security paradigm and âLook Eastâ policy and will serve towards furtherance of strategic partnership. 4.8 Billion is being spent by China in developing Gwadar to be the busiest shipping port in South â¦ 9. But in my reckoning, CPEC is much more than that. $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. In this regard, China has advantages in experience, technology, financing and industrial capacity, while Pakistan enjoys favorable conditions in resources, labor forces and market. CPEC will provide new opportunities, new vision as well as new impetus to China-Pakistan relations. India is neighborhood country to Pakistan and China. This is the first time that Gwadar Port is exporting a large number of containers to overseas destinations. The American strategic community considers China as an emerging strategic competitor in the current geo-political landscape of the world. In addition to the economic corridor, CPEC in Pakistan will include energy projects, infrastructure development, industrialization, and the expansion and improvement of Gwadar Port. This huge investment promises to bring 12,114MW of energy to Pakistan. Besides, the relevant Chinese company has finished the feasibility study on the utilization of Digital Terrestrial Multimedia Broadcast in Pakistan. 2. 1. 3000 locals were hired by Sahiwal coal fired power plant: Coordinated by the Ministry of Water and Power of Pakistan, Sahiwal’s Coal Fired Power Plant promises to deliver 1.3MW of energy and was completed in 2017, a landmark in the history of Pakistan and China relationships. 8. The Indians are cognizant to the fact that once CPEC is completed; it would change the face of Pakistani province of Balochistan. (vi) Located at the crossroads of huge supplying and communicating markets, fully functional Gwadar Port linked with China and Central Asia can play a vital role in economic revival of Pakistan. CPEC benefits to Pakistan are really very hard to count. 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. This is the first time that China and Pakistan co-organized trade convoy through Pakistan to Gwadar Port. Zhao later tweeted, China appreciated the âpositive contribution by Pakistan to the international counter-terrorism causeâ and âfirmly supports Pakistan in cracking down terrorist forcesâ. 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. “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. Nov 21, 2020 09:10am. 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. Karakoram Highway Phase 2: The phase 2 of Karakoram highway connects Thakot and Havelian in KPK (Khyber Pakhtunkhwa) in a 120km highway and is already under construction. 38Bn for the second phase of Cross-border optic fiber project under CPEC Chinese envoy and Shibli vow to highlight CPEC benefits through media He said that CPEC is a âmajor pioneering projectâ of the Belt and Road Initiative. But as currently rolled out, the corridor risks aggravating pâ¦ The concept of Share Wealth, Share Peace, Share Future could be conceived anywhere in the world. 7. 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." Chinese envoy and Shibli vow to highlight CPEC benefits through media. The China-Pakistan Economic Corridor (CPEC) is generally described as a game changer for Pakistan and Balochistan. Efforts are required to speed up the construction of energy projects so as to help Pakistan relieve energy shortage and achieve sustainable development. He said, he was […], Contact: +92 51 835-8038 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. The project has great importance for both the countries. India feels that if CPEC gets success, both Pakistan and China would get stronger. 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 . KKH Phase-II (Havelian-Thakot section) and Peshawar-Karachi Motorway (Sukkur-Multan section). Xinhua begins Pakistan language service to push Belt and Road, 13 CPEC projects worth $11bn have completed, NA informed. The expenses Govt. 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. India is showing emotional attitude towards CPEC. 10. Answer: To promote the construction of CPEC, China and Pakistan have set up the Joint Cooperation Committee (JCC). 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. Challenges to CPEC depend upon the nature of enmity of both China and Pakistan with their rival nations. Pakistan can maximize the benefits of CPEC by involving China experts. By carrying out industrial cooperation, both sides will achieve mutual complementarity and win-win results. It has been observed that since 2015, Chinese have been conveying that in South China Sea, they would not accept external actor’s interference. China Overseas Ports Holding Company Ltd. (COPHC) is constructing Gwadar Free Zone expeditiously. The western route is definitely a part of CPEC. Both the governments and the companies, with a clear division of work as well as collaboration, could work together to promote CPEC with constant progress. CPEC has become the framework and platform for comprehensive and substantive cooperation between China and Pakistan. The train was recently trialed and is due to be completed in a matter of months. In this context, the CPEC reduces Chinese dependence on the South China Sea trade route. 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¦ 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. The labour Force should be Quadrupled to complete the job. Answer: Industrial cooperation is an important field of CPEC. Answer: Efficient and fast transportation network is of vital importance to the economic development. As Pakistan has very less to export to China, Pakistan will get very less profit from this arrangement. Was â¦ Under CPEC, Pakistan has to take care of maintenance and security of the road. It is estimated that around $2-2.5 billion revenues per year could be added to the economy of Pakistan within a few years. 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. Some CPEC projects in the western parts of Pakistan are making progress. These projects will help boost employment and tax collection, strengthen the provincial road connectivity, promote economic development as well as improve people’s living standard. Since decade India is trying to destroy internal security of Pakistan. Pakistan stands to gain due to upgrade of infrastructure and introduction of a reliable energy supply. “Had a comprehensive review of the CPEC cooperation and discussed the way forward with Asim Saleem Bajwa,” the Chinese ambassador said in a tweet. Email: firstname.lastname@example.org. CPEC is facing Pakistan as a whole and will bring benefits to Pakistani people. Envisaged in mid-2013 and launched in April 2015, the China-Pakistan Economic Corridor (CPEC), a set of projects under Chinaâs Belt and Road Initiative, marks a new era of economic ties in a bilateral relationship historically defined by security cooperation. Gwadarâs 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 â¦ Post Views: 2,919 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. The existing road network shall be used in the beginning, developing the missing connections first, with the easiest one on priority, through scientific planning. CPEC Transport Monographic Study, approved in the 5th JCC, includes Burhan-D.I.Khan, Quetta-Sorab roads as short-term projects. The financial estimate of this project is $1.36 Billion . Efforts are being made to improve the livelihood of the local people, particularly the construction of educational and medical projects such as China-Pakistan Friendship Primary School in Faqeer, Gwadar, Gwadar Hospital, Gwadar Vocational College, and Water Desalination Plant. 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. Both sides are working together to develop a Gwadar smart port city master plan. Beijing has been developing powerful forces capable of deterring and defeating aggression of any state, including United States, in South China Sea. It carries huge potential and a bright future. Should quotas in the workplaces be increased for differently-abled persons? 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. It will effectively promote the economic and social development of Pakistan. The road is considered to be a major highway that would establish a foundation of networks from the north to the south. China has invested to build the Gwadar port and Gwadar city. Cargo liners are visiting the port every month since mid-2016. 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 is facing Pakistan as a whole and will bring benefits to Pakistani people. Preferential Chinese government loans are provided for these projects. The CPEC project will open up doors for more foreign investment in high tech industries. CPEC is the route to friendship and economic growth and it will open doors to the prosperous world of tomorrow. A One-Of-A-Kind project, funded by China, this train line will drastically improve Pakistan’s infrastructure and will cater to 250,000 passengers on a daily basis. CPEC projects will provide China with an alternate route for energy supplies, as well as a new route by which Western China can conduct trade. 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. During this activity, a China-Pakistan joint convoy of trucks took goods from both countries to Gwadar port. 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. China and Pakistan had formed partnership to complete China-Pakistan Economic Corridor (CPEC) under “One-Road, One-Belt” vision. 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. Under the CPEC framework, both sides have identified 16 prioritized projects with total capacity of 10,400MW as well as 8 actively promoted projects. $35 Billion is being spent by China to construct 19 power plants: Out of the $46 billion, $35 billion is being invested by Chinese firms and companies. This is the first time that a trade convoy successfully passed through the western part of Pakistan from the north to the south. China-Pakistan Economic Corridor is a framework of regional connectivity. The committee also deliberated upon the issues pertaining to Special Economic Zones (SEZs) Act, Rules and proposed regulations for Zone Enterprise […], Chinese Ambassador to Pakistan Nong Rong said he reviewed projects under the China Pakistan Economic Cooperation with the CPEC Authority Chairman Lt Gen (retd) Asim Saleem Bajwa. Pakistan and China have border dispute with India. Meanwhile, the Pakistani side is expected to carry out in-depth research on the locations of industrial zones and provide preferential policies and necessary services to mutually-agreed zones in this regard. On 1st September, 2016, Ground Breaking Ceremony was held for the Gwadar Free Zone, which has drawn much attention from the business community. What is the objective of CPEC and how Pakistan is going to benefit from this. of Pakistan has to bear from its own pocket. The two countries are working on the Long-Term Planning of CPEC and its draft has been completed. 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. CPEC is intended to rapidly modernize Pakistani infrastructure and strengthen its economy by the construction of modern transportation networks, numerous energy projects, and special economic zones.
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