Role of CPEC in Energy and Industrial Development of Pakistan

Abstract

China Pakistan Economic Corridor (CPEC) has been identified as a "game-changer" for Pakistan. Pakistan is facing two vital issues in recent times; one, the energy crisis and second, the lack of industrial capabilities. This paper explores that how CPEC is helpful in resolving the issue of the energy crisis in Pakistan. The industrial development in Pakistan through the CPEC project is also discussed in this research. Different energy projects and special industrial economic zones initiated under CPEC are discussed in this research. The research is supported by a survey conducted from 300 students of BS and MA level from different universities of South Punjab. The research concludes that CPEC seems to be helpful in resolving the energy crisis and the development of the industrial sector. However, the pace of working on these projects is slow, and the policymakers in Pakistan need to revise their strategy to get the full benefit from CPEC.