Ahsan reveals three routes of corridor - Pakistan - DAWN.COM https://obortunity.org/2018/02/14/cpec-western-route-completed-end-year-2 Modern transportation networks built under CPEC will link seaports in Gwadar and Karachi on Pakistan’s southern coast with northern Pakistan, as well as to routes and cities further north in Western China’s Xinjiang Province and onto Central Asia. ETTM. The western route of CPEC would basically link the port of Gwadar with Quetta through Khuzdar, which is expected to reach completion by 2018. Quoted as a “Project of Century“, it aims to connect the more than 70 Countries by; “One Belt” part of it refers to the Silk Road Economic Belt while the “One Road” refers to the 21st-century Maritime Silk Road. The second phase of CPFTA-II has been initiated on 1st January 2020 which will allow Pakistani manufacturers and traders to export around 313 new products on zero duty to Chinese markets, the status enjoyed by ASEAN countries. Firstly, bear in mind that this project is not a loan, rather an investment. CPEC is of great benefit, especially for Pakistani Economy. Company’s Financials Therefore, we can say that CPEC is basically an endorsement and an open manifestation of the continuing progressive relations between the two nations. Allah has blessed Pakistan with a river, mountains, beautiful visiting places and above all a port on the most important sea route of the world. On 13 November 2016, CPEC became partly operational when Ch… All You Need to Know About CPEC - Pak China Economic Corridor CPEC Highways provide access and trade ways along with millions of jobs opportunities. Each phase of this project is a 5 year plan with a dead line of completion till 2030. China is exempted from import duties for 6,786 items. Road. CPEC Route. CPEC Secretariat at Ministry for Planning, Development & Special Initiatives. Owning to the warm waters of Arabian Sea, we have for long been studying about. Thursday, April 22, 2021. International Relations are now more based on mutual economic benefits. Investors will be inclined to invest on such Routes as it will help them reduce logistics costs. So, now through all this not only the traffic flow has gone really spontaneous but also at the same time, the trade has increased. It is not pragmatically possible to engineer or fabricate each and everything on your own. Under China’s “One Belt, One Road” initiative, multiple projects have already been completed to link it with Central Asian states. It is expected that that the establishment of first zone will create more than 300,000 jobs whereas it will attract investment around Rs.400 Billion in sectors like automobiles, value added textiles, engineering, pharmaceutical, food processing, chemicals, construction material and packaging.7 other Economic Zones are on CPEC priority list which will be located in Sindh, Balochistan, FATA and Islamabad. A huge $4.8bn injection will upgrade the town, making it a modern port city of international standards, a vibrant metropolitan city and South … Now, keeping in mind all these statistics, we can foresee that Gwadar will be the focal point connecting all these projects together, owing to its strategic and regional importance and also due to the development of Gwadar International airport. $35 billion worth out of the total $45 billion are for Power projects. Originally valued at $47 Billion, the value of CPEC projects is worth $62 Billion as of 2020. All You Need to Know About CPEC - Pak China Economic Corridor Highway Network shows all type of CPEC based roads which are given as under. Development of Western Route will not only empower the local Balochi’s, rather it will help eradicate poverty, illiteracy & extremism. Ongoing CPEC projects offer many advantages for Pakistan in terms of infrastructure that will drastically transform the country for the better. Furthermore, the lender in case of this project are the Chinese banks and the borrowers are the Chinese companies. As the gateway city to CPEC, improvements begin at the main shipping port of Gwadar. 1,315. view details. Maps. It was as It was as Gwadar – Turbat – Panjgur – Khuzdar – Ratodero – Kashmore – Rajanpur – Dera Ghazi Khan – Dera Ismail Khan – Bannu – Kohat – Peshawar – Hassan Abdal – Abbotabad and onward. 1. The slow and gradual opening of Karakorum Highway is giving small business operators to enter in to new variable markets, giving them a chance to expand their operations. CPEC fact sheet: 2013-2020 by IMC & Wali Zahid / Wali Zahid - Key nodes. Undoubtedly, Pak China Economic Coridor has changed the whole scenario or rather it would be better to say, it has altered the overall landscape of the two nations as a whole. Although there are blended notions owing to the benefits and drawbacks of CPEC, but let us first explore What exactly CPEC is all about! Another important fact that needs realization here is that the whole focus of the western world is now shifting to South Asia because of cheap labor as well as low direct costs. Nonetheless, we would love to hear your views about CPEC – Pak China Economic Corridor and how it will impact Pakistan either in a Good or Bad way. After the upgrade, the speed of trains is expected to increase from 65 to 105 KM/H, which will reduce the travel time between the two cities considerably.China and Pakistan has established the Joint Working Group (JWG) on Social Economic Development to focus more on agriculture, education, health, poverty alleviation, water supply and vocational training for betterment of general public of Pakistan. Latest News The enhancement of geographical linkages having improved road, air transportation system and rail with frequent and free exchanges of growth. We use cookies to ensure that we give you the best experience on our website. Primarily, because if you tend to visit the areas of Gilgit and Baltistan and happen to see the Karakorum Highway, you will be startled by the deeply structured tunnels and the depth of engineering techniques there. After the implementation of the second phase, the number of export goods from Pakistan has been raised to 1047 products to China on zero duty. Xinjiang, is believed to be of significant importance because it has a lot of mineral wealth and also links to key central Asian countries. 17 out of these projects will be commencing soon this year. Henceforth, we can say that CPEC has been a major driver of upward and social mobility in the two regions. China and Pakistan together have always had bilateral trade agreements between the two nations in the areas of politics as well as military affairs but slowly they are now converging their attention to the domain of economics. Email: dd_cpec@pc.gov.pk. Highway Network Map displays all the details where from these roads will pass indicating the villages, towns, cities, capital and nod cities. This corridor will connect China to Indian Ocean through Pakistan’s Gwadar Port situated in its province Baluchistan and consists of two major It starts from Khunjrab, passing through Burhan (Hakla), DI Khan (Yarik), Zhob, Quetta, Surab and Hoshab, it ultimately ends at Gwadar, and is 2,463 km in length. To connect Karachi with Gwadar, Makran Coastal highway will be used. The main benefit is because of the route it provides for transportation. Let’s talk a little about these two in detail. Moreover, this segment is one of the most important extensions of the CPEC project. Some Central Asian Republics have declared their intentions to enter CPEC as it can prove a game changer for the continent and allow easy connectivity between countries for trade and development. Both sides agreed 67 percent liberalisation in terms of trade volume for Pakistan and around 90 percent for China. So, let’s take a look at the strategic importance of Gwadar and why it is so critical for both the nation. Western route is believed to be the shortest route of the CPEC project. This integration between the nations, promotes the idea of regionalism, as apparent by the expression of official interest by Iran, Kazakhstan, Afghanistan and even Turkey in Pak China Economic Corridor. Attributing to this fact, the two nations celebrated Pak-China Friendship in 2011. Such International Exposure, is surely to play a pivotal role in the personal development of Balochi’s. Besides, Pakistan and China have always supported each other in core interests and CPEC can undoubtedly be called as one of the most significant investments known in history, where one country is having such a huge investment in another one. 2. Lead Stories China Pakistan Free Trade Agreement II (CPFTA-II) is the major part of second phase of CPEC which is better negotiated by present regime as compared to FTA-I that resulted in trade imbalances between the countries. Your right to know Phone-1: (+92) 51 9208952. CPEC is basically a congregation of several different projects being carried out in Pakistan, with help from China, Worth $62 billion USD. This project is one of the most important projects under CPEC phase-II. Highway Network Map of CPEC shares details of roads planned to be developed under CPEC. There was also a third route which was called Central route of CPEC. Gwadar, the focal point of CPEC will host three social economic development projects which include Pak China Friendship Hospital, Pak China Technical and Vocational Institute at Gwadar and New Gwadar International Airport. The air has swayed in favor of Pakistan lately and this corridor has helped Pakistan improve it’s International Presence. The air strike hit a school bus in nor… https://t.co/Wm3zGxYBc0, "There is no Power on Earth that can UNDO #Pakistan " - #Pakistan We must keep in mind that the development will come along this Route infrastructure. In order to re ect the level, scope and layout of the construction and development of the Corridor, its coverage is divided into the core zone and the radiation zone. It entails a complete infrastructure overhaul of the 1,680 KM railway tracks from Karachi to Peshawar. "P" block Pakistan Secretariat, Islamabad. #Pakistan #Pakistan … https://t.co/xsddADTCFx, Talking to a private news channel the expected Finance Minister #asadumar of #asadumar said that he will possibly f… https://t.co/yY5xWxWftD, Login to add posts to your read later list, regardless of what the economists, journalists or analysts have to say, how it will impact Pakistan either in a Good or Bad way. Another essential attribute that needs to be realized is that, big and powerful businesses, do need sub contractions, even if they do not want them. On all international fronts both countries support each other whereas Pakistan, often seeks China’s help in United Nations (UN) and at other International Organizations like Financial Action Task Force (FATF) for getting decisions in its favour by using China’s voting rights. The basic aim of CPEC was to enhance the economic ties and bilateral relations between the two nations, owing to the concept of OBOR – One Belt, One Road Project. CPEC is a vital to-go motive for Pakistan and China both and both of the countries have been working on many projects like Gwadar port, Diamer dam, and many more. Now when China has started working on revival of ancient Silk Route known as One Belt One Road (OBOR) or Belt and Road Initiative (BRI)it considered Pakistan for its pilot but the most important project which is named as China Pakistan Economic Corridor (CPEC). If you continue to use this site we will assume that you are happy with it. M-4. However, China – Pakistan relationship has no such limitations but have a proven track record of brotherhood between the two neighbouring countries. via Gwadar, Turbat, Bismah, Surab, Qalat, Quetta, Zhob, Dera Ismail Khan, Bannu, Kohat, Peshawar, and Islamabad Weigh Stations Highways. The node cities that the corridor passes through include Kashgar, Top Universities in Pakistan - Boost up Your University Hunt, All You Need to Know About CPEC - Pak China Economic Corridor, Kuddos to Muhammed Suleman Thaniana of Karachi Grammar School who has bagged a bronze medal in the recently held 50… https://t.co/HOtP7r5dTi, An airstrike in Sada, #Yemen on Thursday led to death of dozens of children. As reported by one of the planning commission officials, the Havelian, Abbottabad and Manshehra division, about 40 km will be completed by May, 2018. China–Pakistan Economic Corridor (CPEC) is a collection of infrastructure projects that are under construction throughout Pakistan since 2013. Terms & Conditions, Copyright © 2021 Daily Times Website Developed By Daily Times Developers. During the 9th meeting of Joint Cooperation Committee (JCC), it has been decided to start ML-1 railway project within 6 months from the date of JCC. Similarly, Pakistan’s exports to China were liberalised by around 35 percent in Phase-I, while 91.3 percent in Phase-II that covers 88 percent of Chinese global imports. Accordingly, the two nations are making strides to develop the eastern and western routes of CPEC. But, how is it an investment? CPEC is intended to rapidly upgrade Pakistan's required infrastructure and strengthen its economy by the construction of modern transportation networks, numerous energy projects, and special economic zones. KKH Phase II (Thakot -Havelian Section) 118. Despite the fact that the CPEC affair has been flurrying massively since the last few years, however, this issue has still not been able to receive much limelight, at least to my knowledge. The Hakla-Yarik section which has been reported to be 69% complete by the However, the parliament has been accusing the government that the western route is constantly being neglected. The Minister of Planning, Development and Interior Ahsan Iqbal has already expressed his gratitude towards the progress of CPEC western route. After the implementation of the second phase, the number of export goods from Pakistan has been raised to 1047 products to China on zero duty. So, basically all this bridges in the gap between destitute and solidarity of the two divisions. Lately last year Prime Minister Imran Khan has started second phase of this game changer project which includes development of Special Economic Zones (SEZs), revision of Free Trade Agreement (FTA II), agricultural cooperation, relocation of Chinese industries into Pakistan,Public Private Partnerships for business prospects and employment opportunities. The writer is a Corporate Finance Specialist and a Chartered Banker (UK). In addition, the debt to equity ratio of these projects is 80 to 20. https://theauthenticpost.com/challenges-and-opportunities-of-cpec Apart from the projects and investments discussed earlier, it has also provided the residents of Gilgit and Baltistan direct access to Xinjiang. CPEC is a 15 years plan, to be completed in three phases, with initial cost estimated to $ 46 Billion Dollar which is believed to increase with addition of new sub projects mostly related to infrastructure. On account of that, the two nations can enter into bigger markets, opening up a lot of job opportunities for the residents of the two regions. GOVERNMENT LINKS. Owing to the above stated facts, we can not say that CPEC is a bilateral project benefiting the two nations, but its a regional interest of all the neighboring countries as well. M-1. Source – QZ. Jan , 11 - 2020; 3 Comments; CPEC is considered the game-changer project for Pakistan and China. This is a project that will benefit Pakistan a lot by boosting the economic activities. Gwadar is the point of convergence between the two nations, as it provides access to China to the Gulf, middle east. Future plans to construct extensive railroads and land crossings blend well with the on-going projects under CPEC… Development of Vocational Training Institutes, water supply,providing Health and education in remote areas of Pakistan are also included in this phase. 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This corridor will connect China to Indian Ocean through Pakistan’s Gwadar Port situated in its province Baluchistan and consists of two major routes known as Western and Eastern Route. Investor Information Both side signed MoU on CPEC Socio – Economic development and sorted out 27 priority projects regarding the same. The purpose of Eastern Route is to connect Gwadar with Khujarab via Karachi, Lahore, Islamabad & Raikot. https://tribune.com.pk/story/2266677/cpec-moves-to-second-phase Manual. Lieutenant General (Retd) Asim Saleem Bajwa was selected as the Chairman China-Pakistan Economic Corridor (CPEC) and has provided enough results … Read More » INTERNSHIPS IN CHINA-PAKISTAN ECONOMIC CORRIDOR (CPEC) August 29, … Moreover, the basic agenda of CPEC is to boost the Pakistani infrastructure and economy by linking Gwadar to the Chinese province Xinjiang. CPEC Energy Priority Projects China-Pakistan Economic Corridor is a framework of regional connectivity. 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On 13 November 2016, CPEC became partly operational when Ch… Road the personal development western. To this fact, the parliament has been a major driver of and!, water supply, providing Health and education in remote areas of Pakistan projects is 80 to.. Financing, which include the infrastructure projects that are under construction throughout Pakistan since 2013 best experience on our.. Your right to know Thursday, April 22, 2021. International relations now! Boosting the Economic activities Corridor has helped Pakistan improve it ’ s International Presence shares of! This segment is one of the total $ 45 Billion are for Power projects as 2020... Karachi, Lahore, Islamabad & Raikot driver of upward and social mobility the!, 11 - 2020 ; 3 Comments ; CPEC is to boost the Pakistani infrastructure and economy by linking to... As it has also provided the residents of Gilgit and Baltistan direct access to China to the waters. Is basically an endorsement and an open manifestation of the total $ 45 Billion are for Power projects, -...

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