Abstract

China Pakistan Economic Corridor (CPEC) provides benefits opportunities for Pakistan and China. This project is a framework of a multi-dimensional project that will help Pakistan's infrastructure in different fields. However, both countries desire to build the CPEC project with enthusiasm which is part of OBOR. CPEC greatly influences the global economy by incorporating a huge part of the world under an umbrella to reconnect China with the Middle East, Africa, and European countries (from China's Xinjiang region to Pakistan port Gwadar). We investigated to overview the significance of the CPEC however, a questionnaire survey was collected a lot of basic data. Approximately a section of 1000 different respondents had selected with the help of a multistage sampling method from all of Pakistan. A questionnaire analysis was collected primary data. The questionnaire survey results were the prospects of Pakistan and China under the CPEC project. Furthermore, Prospective the CPEC project will provide tourism, education and cultural programs opportunities in the different fields for the development of both countries. The participant of the survey of the people proves that the CPEC will be accommodating and achieve the goals which are the target in the future.

Highlights

  • The targets of the China Pakistan Economic Corridor (CPEC) project are to the foundation of the energy, transportation framework, and Gwadar port, which assume a huge part in expanding the nation's economy

  • One Belt One Road (OBOR) is the rebuilding of the old Silk Road, yet it tremendously influences the overall economy by joining a gigantic piece of the world under an umbrella

  • The fundamental central drives of CPEC will incorporate the energy area, transport foundation, optical fiber, pipelines, Gwadar Port, and the production of special economic zones (SEZs). In this condition, have an excellent chance for the improvement of Pakistan because the CPEC task will improve Pakistan's progress, and the country's conditions will improve in the future

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Summary

Introduction

The targets of the CPEC project are to the foundation of the energy, transportation framework, and Gwadar port, which assume a huge part in expanding the nation's economy. According to Sun Weidong, Ambassador of China in Pakistan, “construction of infrastructure, transportation, industrial and energy tasks under CPEC projects will benefit socio-economic development across Pakistan in all provinces.

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