PROSPECTS OF CPEC AND ECONOMIC AND SOCIAL SUSTAINABILITY IN PAKISTAN

Abstract

This paper gives a far-extensive examination of the China-Pakistan Economic Corridor (CPEC) and its possible effect on monetary and social sustainability in Pakistan. Through an analysis of the literature, it assesses the potential open doors and difficulties related to the task, like administration and institutional plans, ecological supportability, social and monetary effect, and international dangers. Furthermore, the paper presents suggestions to work on the possibilities of CPEC and sustainability in Pakistan, including strengthening governance and institutional arrangements, addressing environmental sustainability, ensuring social and economic impact, managing geopolitical risks, and enhancing research and monitoring. The study concluded that while CPEC has the potential for critical financial development and improvement, careful planning and management are necessary to ensure sustainable development and poverty reduction. It recognizes limits in the concentrate like information, time, extension, and predisposition, and prescribes regions for future exploration to fill these gaps. So, this study adds to the continuous discussion on CPEC's advantages and difficulties and its effect on financial and social development in Pakistan.