SIGNIFICANCE OF CPEC FOR CHINA AND PAKISTAN

Abstract

China Pakistan Economic Corridor (CPEC) is a promising initiative for Pakistan’s economic growth and development in next few decades. It appeared as a fresh start in light of country’s domestic issues, such as failing economy, extreme corruption, severe political crisis and inefficient security environment. Pakistan is likely to extract maximum benefits through CPEC in the areas of governance, economic growth and socio-political stability. However, minimum attention has been paid on the advantages generated by CPEC for China. Only few researches highlight the economic, political, geostrategic and social gains drawn by China through CPEC in detailed manner. Hence, in this study, an attempt has been made to compare and analyse the advantages of CPEC for the both China and Pakistan. Through comparative analysis, it has been tried to differentiate the extent of benefits and integrity of CPEC in next few decades for both countries. Unfortunately, Pakistan seems to generate considerably low rewards from CPEC as compare to China