Open AccessCHINA-PAKISTAN ECONOMIC CORRIDOR (CPEC) ENERGY PRIORITY & OPTIONS FOR SINDH
Author(s) -
Nighat Moin,
Suwaibah Qadri
Publication year - 2021
Publication title -
pakistan journal of international affairs
Language(s) - English
Resource type - Journals
eISSN - 2664-360X
pISSN - 2523-1693
DOI - 10.52337/pjia.v3i1.77
Subject(s) - china , government (linguistics) , port (circuit theory) , business , general partnership , investment (military) , middle east , foreign direct investment , finance , economy , economics , geography , politics , political science , engineering , macroeconomics , philosophy , linguistics , archaeology , law , electrical engineering
The significance of China for Pakistan can actuate further by the economic partnership & commercial interest through the connectivity via CPEC. The exigent deep-sea maritime port (Kashga-Gwadar port) is financed & operated by china provides Pakistan with ample opportunity to paramount commercial relations with Central-Asia republics. Furthermore, Pakistan reveals the prospect of symbolic transit fees; an opportunity to Pakistan public finance. The whole project would take at least 15-20 years for completion & if carried forward in an uninterrupted way, Pakistan would earn huge amount of dividends in long-run, because CPEC project worth estimated $ 32 billion would be financed by FDI through Chinese companies; hence not borne by Pakistan & the remaining $ 12 billion investment is by government to government loans. CPEC project will increase the employment opportunities into the backward district of Pakistan via providing the infrastructure & connectivity with the rest of the world especially the central-Asia, which entertain Pakistan economy in a win-win situation by stabilizing the economy politically & economically.