Abstract
It is believed that China Pakistan Economic Corridor (CPEC) would bring peace and prosperity in domestic as well as regional circles of Pakistan. This project carries many different perspectives including domestic employments and regional connectivity. Although a lot of work has been done on the project of CPEC already but in this article, an attempt has been made to understand the importance of the project CPEC in the domestic domain of employment and regional connectivity concerns with its opportunities and threats to the project. The main contribution to support this article is the review of literature focusing China Pakistan Economic Corridor (CPEC) a blessing for Pakistan and addressing political, economic and strategic challenges and threats to the project. The paper concludes with possible managerial suggestions to eradicate the threats to the project by stakeholders’ participation in the China Pakistan Economic Corridor (CPEC).
Highlights
Chinese Premier Li Keqiang made his official visit to Pakistan in 2013 and showed his interest to the deep sea port of Gwadar in southern Pakistan
The two sides agreed to shape the plan and the link became known as CPEC (China Pakistan Economic Corridor) and includes various projects of electricity, oil and gas pipelines, roads, railways, special economic zones, fiber optic networks, Gwadar port, Gwadar city (McCartney, 2018)
India is the only country in South Asia which has rejected the CPEC project arguing that it passes through the controversial territory of Kashmir (Hussain, 2017)
Summary
Chinese Premier Li Keqiang made his official visit to Pakistan in 2013 and showed his interest to the deep sea port of Gwadar in southern Pakistan. Includes various projects of electricity, oil and gas pipelines, roads, railways, special economic zones, fiber optic networks, Gwadar port, Gwadar city (McCartney, 2018). The project of CPEC covers a long distance of about 3000 Kilometres in connecting two sides Through this vital project China has planned to invest an enormous amount of almost US$46 billion to develop various sectors of Pakistan within a time frame of about 10-15 years (Ali, 2016). The planned investment in various sectors is further divided into various branches for instance energy sector includes coal, hydroelectricity, wind, solar and liquefied natural gas etc, transport and communications consists of roads, railway track, aviation, oil, optical fiber line and gas pipeline etc. The distribution of the amount to be invested on the project CPEC is explained in the table given below: Financial Breakdown of CPEC Project
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