Impact Assessment of Gwadar Port on China-Pakistan Economic Corridor: A Case Study

Abstract

China Pakistan Economic Corridor (CPEC) is based on a broad development strategy that not only has a strong impact on the economy of both countries but also has the potential of inclusion with other regions of Asia. The improvement of trade and infrastructure, and the linking of different regions are the main objectives of CPEC. In this regard, Gwadar’s deep-sea port serves as a hub that offers potential economic benefits not only to Pakistan but also to its surrounding regions. It offers an efficient track to conduct the trade of the Central Asian natural resources with the other regions of the world along with an easy approach to developing Asia’s customer markets. This paper tries to identify the importance of the Gwadar port using the qualitative research approach. It also intends to ensure access to those opportunities that could resuscitate Pakistan’s economic development under CPEC. Moreover, it aims to analyze the strengths and weaknesses associated with the Gwadar project. The findings revealed that the Gwadar port will be a keystone in the economic revival of Pakistan as well as Baluchistan. It will change the fate of the country by decreasing poverty and generating employment for the educated and skilled young people by providing them with the opportunity to seek jobs in their home country. However, the current study suggests that it is only possible when the Pakistani government will address all the concerns of the local inhabitants and regional bodies in order to make Gwadar not only a national but also a regional economic hub. Political parties and the Pakistani government should develop consensus on all CPEC strategies and development plans. Additionally, the governments of Pakistan and China must make an equal opportunity-based policy and plan to address the reservations and concerns of the local parties.