Sociological Study on Residents' Perception of Special Economic Zone Regarding the Consequent Change in the Area; A Case Study of District Faisalabad

Abstract

CPEC is a hot topic among the entire world and its growth in the Islamic Republic of Pakistan has been fruitful. Special economic zones helped in encouraging foreign and domestic finances, employability, business, and financial stability resulting in infrastructural development; upgraded technology, human capital expansion and fiscal reforms for the host country. This investigation aimed to visualize the socio-economic effect on local people and the way how they perceive the special economic zone beneath the CPEC (China-Pakistan Economic Corridor) initiative. A quantitative research approach was adopted to achieve the goal of this research; to analyze these social and economic levels. The data was acquired through a well-structured interview schedule. The target population was the villagers living near the industrial zone, District Faisalabad. Tehsil Chak Jhumra was selected by using the purposive sampling technique due to the reason for declared Special Economic Zone. The purpose of this investigation was to look at the socio-economic impact of the special economic zone (district Faisalabad) on local people underneath the (China-Pakistan Economic Corridor) CPEC perspective. This study has filled the aperture and examined the direct socio-economic impact of the special economic zone for local citizens of Pakistan This study has drawn a true picture of the present scenario; to what extent Special Economic Zone has a direct impact on them and their positive or negative thinking over it.