CPEC: An Outline for the Future Development of the Region

Abstract

Over the course of time, the bilateral ties between Pakistan and China, characterized by their enduring friendship, have seen significant advancements in the realms of economics, politics, and strategic cooperation. Both parties place significant emphasis on their economic relationship, which has been consistently overlooked throughout the course of history. In 2013, a significant achievement was reached with the conclusion of the CPEC deal, which served as a catalyst for enhancing economic ties. The proposed project has the ability to not only establish a connection between Pakistan and China but also to foster integration among other Asian nations. It will make a significant contribution to the region's overall enhancement of its strategic and economic environment. Due to the fact that the project will have a variety of consequences on the political interests of many players, there may be certain difficulties. The primary aim of this research is to elucidate the economic and strategic significance of the CPEC and to ascertain its effects on the growth of Pakistan. In order to attain the aforementioned aim, a technique that incorporates empirical, analytical, and predictive approaches is used. The findings of this study suggest that the implementation of the project has the potential to significantly alter the current landscape.