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Pakistan’s geostrategic position makes it a golden bird if properly utilized.
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Pakistan is keen to realize the great importance of its location and take full advantage of its position in the international economic and political sphere thus elevating its image in the region. According to China Daily, these projects would provide up to 16,400 MW of energy altogether. If all projects go well it will add up energy and infrastructure to the country. Central Asian Republics.Īccording to the report, the CPEC-related projects will create some 700,000 direct jobs during the period 2015–2030 and raise its GDP growth rate to 7.5 percent, adding 2.5 percentage points to the country’s current GDP growth rate of 5 percent. Additional benefits of CPEC include enhanced security cooperation, promotion of people to people contact and involves the regional and extra regional actors cooperation i.e. Read more: There’s more to the Saudi-“Israeli” alliance than meets the eyeĪs a result of this trade route, new business opportunities will build up for the locals leading to economic growth. It will lead to the development of trade routes between Xinjiang and Gawadar Port. CPEC will help China to counter U.S influence in Asia. It will be a win-win situation for both states which will take the strategic and economic partnership to new heights. CPEC is a crucial and mutually beneficial venture for both states. China-Pakistan Economic Corridor as a result came because of changing political and economic spectrums of the region and due to this, the cooperation between Pakistan and China increased.