China-Pakistan Economic Corridor (CPEC)
CPEC
China Pakistan Economic Corridor
With the overwhelming and promising development on the CPEC project, all eyes are on Pakistan as this will provide an opportunity to all international and local businesses to flourish by participating in its activities.
China–Pakistan Economic Corridor (CPEC) is a ongoing development megaproject which aims to connect Gwadar Port in southwestern Pakistan to China’s northwestern autonomous region of Xinjiang, via a network of highways, railways and pipelines to transport oil and gas.
The economic corridor is considered central to China–Pakistan relations and will run about 3,000 km from Gwadar to Kashgar.
Overall construction costs are estimated at over $46 billion, with the entire project expected to be completed in coming years.
According to a First post report, “this is the biggest overseas investment by China announced yet and the corridor is expected to be operational within three years and will be a strategic game changer in the region, which would go a long way in making Pakistan a richer and stronger entity than ever before.