CHINA PAKISTAN ECONOMIC CORRIDOR (CPEC): THE PROMISING PROSPECTS FOR CHINA AND PAKISTAN

Abstract

China Pakistan Economic Corridor (CPEC) as a pilot project of China’s One Belt One Road (OBOR) strategy is a game changer for region. This will connect western part of Chinato Indian Ocean through highways, high speed railways and energy pipelines. This corridor is shortest, safest and most economical route for China to trade with Africa, Europe and other parts of world. This is also most safe and fastest way for China to import oil from Middle East. This is china’s greatest foreign investment in infrastructure, energy and economic sectors of Pakistan. Development of Gawader port and establishment of specialized economic and industrial zones are key projects of CPEC. This corridor has strategic, geopolitics, economic, developmental and security prospects for both countries. This study enlightened the socio-economic, infrastructure development, economic and security prospects of China and Pakistan along with some challenges associated.