China Pakistan Economic Corridor Projects Research Articles

China–Pakistan economic corridor projects development in Pakistan: Local citizens benefits perspective

China and Pakistan have initiated a mega project with the name of CPEC (China‐Pakistan Economic Corridor). CPEC projects in Pakistan are an initial stage, and government officials and policymakers expected that CPEC projects are beneficial for local Pakistani community, as this project generates several business and employment opportunities for local citizens. This research study examines the benefit of the CPEC projects and its influence on local Pakistani citizen's living standards. Data were collected online using the Google platform from 310 citizens, residing in all provinces of Pakistan. In total, 310 samples were analyzed and reported, and for data analysis, SPSS version 21 and AMOS 8.0 tools were used; the findings of this study validate most of the hypothesis. Based on results, this study discussed the local Pakistani community benefits with numerous factors such as perceived education, income, and employment. Results of this study will guide the officials and policymakers of CPEC to gain local citizen's support for the CPEC development projects and designs policies accordingly for the future projects. This study also provides important guidelines for CPEC policymakers and officials.

Financial Institutions and Chinese Investment: The Review of China Pakistan Economic Corridor (CPEC) Policy

Abstract China Pakistan Economic Corridor (CPEC) initiates different energy projects, infrastructure ventures and business economic zones within Pakistan. The extensive Chinese investment, worth $62 billion, have long-term impacts on the economy as well as financial institutions of Pakistan. The banking economy are probable to generate an innovative stream of revenues, in the future outlook under CPEC projects. This study is significant in gauging the financial institutions performance and value creation, under CPEC policy. It will enables the institutions in realizing their future planning strategies and achieving their corporate goals. This study contributes in estimating the performance of financial institutions through shareholder value creation, under the CPEC policy in Pakistan. The analyses of this study was furnished by incorporating panel data techniques. The time span of the study is taken since the inception of CPEC agreement i.e. 2012 to 2016. The identification of financial institution`s value creation dynamics, is also one of the major contribution of this study. The paper analysis demonstrates that leverage, dividend policy, and return on equity has statistically significant effect on financial institution`s shareholder value. Moreover, the study results reveals that CPEC does have significant effects on the Pakistan`s financial institutions value creation.

Financial Institutions and Chinese Investment: The Review of China Pakistan Economic Corridor (CPEC) Policy

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The China-Pakistan Avoidance of Double Taxation Agreement and the China-Pakistan Economic Corridor

In this article, the authors review the principal features of the China-Pakistan tax treaty and its impact on the China-Pakistan Economic Corridor project.

Role of CPEC in Development of Trade, Transport and Economy of Pakistan

Abstract The objectives of the study were to measure the efficiency in trade and transport through China Pakistan Economic Corridor (CPEC) and to ascertain efficiency in trade and economic development through developed transport infrastructures. The present study was conducted in Peshawar, Pakistan. The data was collected from the relevant developing sectors and stakeholders through CPEC including investors of Khyber Pakhtunkhwa Chamber of Commerce and Peshawar Railway Station track employees. Majority of bi-variate analysis through chi-square test result showed that there was a strong and significant association between the project of CPEC and efficiency in trade and transport in terms of economy. Similarly, a strong and significant association was found between the development of transport routes through CPEC and smooth transportation of goods and services. Furthermore, a strong and significant association was found between CPEC project and improvement in travelling potential. Similarly, a significant association was found between development in transport infrastructure and fastness and reliability in business travelling. In the same way, a significant association was found between CPEC and increase in the geographical size of the labour market. As in the chain, a strong and significant association was found between the development of transport infrastructures through CPEC and increase in labour force productivity along with an increase in the range of choice of individual and firms. This could come true that CPEC as a project would ensure smooth efficiency transportation of trade goods and services in terms of reducing time distance and cost. CPEC as a project should not be only limited to economic activities, rather it should contribute to the overall socio-economic development of the region.

Energy optimization in the wake of China Pakistan Economic Corridor (CPEC)

The energy crisis has become a significant bottleneck in the country’s economic progress. But to end this age old problem, we have to capitalize on the chance, China Pakistan Economic Corridor (CPEC) investment provides, to its full potential. This study aims to help Pakistani government in selecting the best set of CPEC energy priority projects to be completed in the first wave of development. The second part of the research guides the small/medium scale industry and business owners to select the best available alternative for tackling the energy shortfall while CPEC projects are in the process of materialization. Forecasting electricity shortfall decrease and its impact on various economic/industrial sectors (like services, industrial, textile and agriculture) is also performed to gauge the effect of CPEC on the economy using linear regression. For decision analysis, the MCDM techniques employed are (AHP) along with (TOPSIS). This research generated a new list of recommended CPEC energy priority projects which are more evenly distributed across the country, catering more, to interest of the country as a whole. We also concluded solar panels to be the best alternative for small scale businesses, as short term solution while CPEC projects are under construction.

Maritime Component of China–Pakistan Economic Corridor (CPEC): India–China Competition in the Arabian Sea

ABSTRACTThe China–Pakistan Economic Corridor (CPEC) provides a great platform for China and Pakistan to promote regional trade activity. The massive infrastructure project to improve maritime and road connectivity is viewed as being a “game-changer” for Pakistan’s economy. However, the CPEC project at its core is envisaged as the link between China’s ambitious “One Belt and One Road” project and the “Maritime Silk Route” project. There is plausibility in the argument that connectivity projects, naval cooperation and the deepening bilateral relationship with the littorals of the Indian Ocean, particularly Pakistan, would certainly increase China’s maritime influence in the region. In view of the above, the paper will analyse how the China–Pakistan naval cooperation will upset the regional balance and intensify the naval competition between India and China in the Arabian Sea.

CPEC and Balochistan: Prospects of Socio-political Stability

In the age of economic integrity and changing geopolitical environment, Pakistan is keen to strengthen itself domestically and bring much needed change in Balochistan. The Government of Pakistan has made a number of efforts to reach out to the people of Balochistan. Especially, after the launch of the China Pakistan Economic Corridor (CPEC) in 2015, socio-political stability of Balochistan has become crucial for political leadership and policy makers. The historically neglected province of Balochistan, lacks socio-economic development, communication infrastructure and employment, which have impeded social, political and economic progress of the province. In order to overcome its challenges, economic development, social and political stability is necessary. The paper, by focusing on the challenges being faced by Balochistan, will attempt to analyse that how the CPEC would be a ‘game changer’ for the province. It explains that how the implementation of the CPEC projects in the province will help to address the challenges being faced by the local population and how they would be able to overcome future challenges by ensuring stability.

Reforms in Gilgit-Baltistan

The Gilgit-Baltistan region is neither a province of Pakistan nor part of the federation. Recently, the suggestion that Gilgit-Baltistan be made a province of Pakistan has stirred a new debate, especially about Pakistan’s stance over Kashmir. Past “packages” could not be properly implemented due to the self-centred differences within the bureaucracy in Islamabad and Gilgit. Moreover, the China Pakistan Economic Corridor (CPEC) passes through this region as well. The political government in Gilgit-Baltistan and the public, at large, with the support of all political parties in this region, have repeatedly expressed their concerns about its due share in CPEC. However, the Pakistani Government is of the view that the CPEC is a game changer for Gilgit-Baltistan and Pakistan whereas the projects and 51 MoUs, enlisted by Ministry of Planning and Economic Affairs, have no mention of Gilgit-Baltistan for a single project or MoU. Added to this melee is the definite Chinese pressure to ensure that nothing impedes its progress. It is for Islamabad to come up with a reform package which will pacify the people of Gilgit-Baltistan and bring them aboard the train to economic development. This paper aims to address the pertinent question of whether Pakistan can address the issue of the constitutional status of Gilgit-Baltsiatn without compromising on its stance on Kashmir. If not, what should be done to avoid any sort of hindrance to CPEC projects being carried out in that region.

China Pakistan Economic Corridor (CPEC): Analysis of Internal and External Challenges

China Pakistan Economic Corridor (CPEC) is a comprehensive development strategy that not only causes to economic and social environment in two countries but also has potential of incorporation with other sub-regions of Asia. It is like a game changer project which could transform the fate of Pakistan. It helps to improve the trade, infrastructure, and enhance regional connectivity. Despite these opportunities there exist several internal and external challenges for the government of Pakistan to implement this multidimensional project. The study is organized to analyze some internal and external challenges for Pakistan that are associated with the implementation of CPEC project.