Essay on cpec and future of pakistan

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Monday, October 23, It anticipates economic growth, meeting the energy shortfall requirements, employment generation, foreign direct investment, infrastructure development, promotion of tourism and others. The multi-billion project offers a long term investment in Pakistan involving the regional countries as well. However, the project is being challenged by domestic controversies and external opposition. In this scenario if these challenges are effectively tackled, it may lead to economic interdependence that would be climacteric for peace and economic development for the region.
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Essay on economic conditions of pakistan

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CPEC - China Pakistan Economic Corridor | 9Essay

Five years later, a quarter of announced projects have been completed, energy projects dominate, and industrialization efforts are lagging, according to data collected by the CSIS Reconnecting Asia Project and made available to the public here. Using official targets, however, the CPEC has underperformed. By , Pakistan was again facing unsustainable debt levels and sought assistance from China, Saudi Arabia, and the United Arab Emirates. In , Pakistan received a bailout from the International Monetary Fund, and its economy mostly appeared to be moving in reverse : growth slowed to 3. Less than half 54 out of projects are completed or under construction. These activities reflect a broad definition that counts projects announced by either side as well as media reports associating them with the CPEC. This has played out in project completion rates as well, with the most and least developed provinces having no completed projects so far, and the moderately developed provinces of Punjab and Sindh approaching completion rates of 50 percent.
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The China-pakistan Economic Corridor

To elaborate the advantages of the CPEC extensively and shed light on the much-discussed benefits of the project, I have reproduced some facts and analyses below from News about CPEC and cited some professional opinion from experts. With an investment of 46 billion U. S Dollars and scores of infrastructure projects, the ongoing construction of the China-Pakistan Economic Corridor CPEC is undoubtedly one of the largest endeavors now taking place on the planet.
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At Present, that corridor is an under construction which estimated cost above 54 billion dollars. The Project including various infrastructure in terms of energy projects, motorways, Highways and Railways to be built, in order to link Gwadar and karachi with the chinese region. It includes:. The Current form of the project was first proposed by General Perves Musharaf, however it was postponed owing to the political instability in the country.
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