China-Pakistan Economic Corridor (CPEC): A Strategic Overview

China-Pakistan Economic Corridor (CPEC): A Strategic Overview



Published on: Jan 07, 2020

“If One Belt, One Road is like a Symphony Involving and Benefiting Every Country, then Construction of the China-Pakistan Economic Corridor is the Sweet Melody of the Symphony’s First Movement”
-Wang Yi

In 21st century, international relations are multipolar in which states are interdependent. There are factors which influence the behavior of states about mutual relations. In this modern world, states compete through, instead of geopolitical, geo-economic means. These means are influencing Pak-China relations. Through Belt and Road Initiative (BRI), China is strengthening its relations with Asia, Europe and Africa. BRI is an investment of about $4-8 trillion and would cover two-third land mass of the world, across 65 countries with 4.4 billion population. Under BRI, China-Pakistan Economic Corridor (CPEC) is a $62 billion investment which is divided mainly into four sections which are: development of Gwadar port, Energy, industrial development and road infrastructure. Energy is the major component and $34 billion are being invested to generate 10,000MW of electricity by utilizing diverse options. Under CPEC, there is a cooperation for the development of railways and infrastructure of roads. Similarly, $622 million are allocated for the development of Gwadar port. Recently, the, care taker, Prime Minister of Pakistan inaugurated a fiber optic project as an essential part of CPEC. It was completed in $44 million by Special Communication Organization (SCO).

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