With China surely to benefit from CPEC more than Pakistan due to the cut-short-distance that the mega-project provides, it can be said that CPEC is indeed by China, to China, for China. CPEC is a tiny part of China's dream project "One Road One Belt". However lucrative and prosperous CPEC might prove to be to the countries involved, it does not come without its drawbacks. It was widely speculated that CPECA was established to please China, which had expressed dismay over the slow progress on the CPEC front and wanted the army to get directly involved. According to the estimates, the ‘One-Belt One-Road’ would establish close land and maritime connections between/among 60-plus countries across Asia and Europe. It will sure to help Pakistan some extent in future but not in the way political hype is created for CPEC. CPEC cannot merely be understood in the context of BRI because PakistanChina relations are much older, deeper and stable than the relations other countries, in this hemisphere, have enjoyed with each other. Started in 2013, the CPEC is a developmental project between Pakistan and its all-weather friend China. The project has great importance for both the countries. Pakistan has to pay about $615 million to China between May 2020 and June 2021 under bilateral debt. ISLAMABAD - Chinese Ambassador Sun Weidong has said that CPEC is open and inclusive to all countries and the ports in the region should complement each other.He said that all projects under CPEC were ahead of the schedule and would be completed well on time. The principal and strategic component of this network is CPEC which is part of 21st Century Maritime Silk Road. About one-third of Pakistan's power companies are involved in Chinese projects under the CPEC. A recent inquiry conducted by the Security and Exchange Commission of Pakistan found irregularities worth over $1.8 billion in the power sector, with 16 mostly Chinese firms involved in the CPEC receiving undue subsidies and causing huge financial losses to the national exchequer. China-Pakistan Economic Corridor is a framework of regional connectivity. Amid the news that U.S. President Donald Trump is barring people from Iran and six other Muslim countries from entering the United States, Iran is seeking closer ties to Pakistan, its brotherly Islamic nation, and wants to join CPEC. There exist around 20,000 China-graduates in Pakistan in various fields and various age groups, with various lengths of experience to fresh graduates. ... each of the institutions involved in the program. In 2018, Khan had put on hold several CPEC projects suspecting corruption by the previous government. However CPEC is a part of a larger infrastructure project known as OBOR or One Belt One Road, also known as the modern Silk Route. He was happy at the progress that had been made between the two countries, and that CPEC was on the right track. Germs of CPEC may have been present in the KKH initiative of the 1960s -Editors GVS argue. This is a Special CPEC Edition. As our needs may be different from Chinese vision, so we should be fully involved in planning and execution of CPEC projects. According to the contracts, other countries can join CPEC-related projects but the policymaking and implementation is to remain a bilateral arrangement between China and Pakistan. Funding for these CPEC projects is a mix of grants, concessionary loans, and private sector investment. The project has received a lot of criticism, with the most vocal attacker being India. CPEC | China-Pakistan Economic Corridor (CPEC) Official Website Develop By Ministry of Planning Development & Special Initiatives CPEC Secretariat 'P' block Pak-Secretariat, Islamabad,Pakistan. Executive Summary. How big of an impact will CPEC’s position in the international community have … Joining CPEC by other countries is a pure propaganda, … Pakistan can maximize the benefits of CPEC by involving China experts. Defence Minister Khurram Dastagir Khan has said India is involved in terrorism activities on the route of the multibillion-dollar China Pakistan Economic Corridor (CPEC). February 2019 Saudi Arabia commits $20bn to Pakistan and CPEC including the building of a new oil refinery in Gwadar. Beijing and Chinese companies involved should support such measures. The most important Silk Road project is the China-Pakistan Economic Corridor (CPEC), which is a $55 billion investment (and counting) that seeks to connect East Asia with South Asia by means of a non-Malacca mainland trade passage. ... development of infrastructure and people to people contact of both countries. CPEC is a small yet very important part of this project. The CPEC or China Pakistan Economic Corridor, itself is only between Pakistan and China. US invited to invest in CPEC: Dawood PM’s aide says Secretary Ross expressed keen interest in energy, oil and gas, agriculture and food processing Haseeb Hanif February 27, 2020 While many countries of the region as well as many developed nations of the ‘Global North’ have expressed interest in getting involved in and becoming a part of CPEC, both Pakistan and China have also made it clear that CPEC is by no means exclusive, and the main promise of such a corridor is to create a win-win situation for the entire region. Iran has formally expressed its desire to join Pakistan and China in CPEC (the China-Pakistan Economic Corridor). However, two years later, several of his Cabinet members were named in big corruption scandals involving the country's power sector. Whereas many BRI member countries including Pakistan are still struggling to realize any real benefits, the largely one-sided nature of Chinese business ventures has led also to a situation where sub-national regions like Balochistan in Pakistan have largely failed to change their fortunes. the two countries reached consensus on building China and Pakistan Economic Corridor. The $46bn CPEC project connecting Xinjiang in China to Gwadar in Pakistan has raised concerns in India. Several Chinese IPPs have been involved in the construction of as many as 27 power plants in Pakistan with a total installed capacity of 12,000 MW under the CPEC … CPEC has potential to transform the socio-economic landscape of Pakistan. Pakistan needs to critically analyse the projects to get maximum benefits as per our needs. During President Xi’s visit to Pakistan, the two countries reached agreement on the “1+4” layout of cooperation, with the corridor The China-Pakistan Economic Corridor (CPEC) is a part of China’s ambitious One Belt One Road (OBOR) Initiative to link China with Europe. Three agreements worth $16.1 million is divided to fund health and education projects. Saudi Arabia enters partnership within CPEC countries to help finance three road infrastructure and energy projects. Ever since the inception of the idea of CPEC, it has been embroiled in controversies with regards to its viability, alleged provincial preferences, never-ending debate about cost and benefit and ab… ... Tajikistan and certain African countries are proof that colonization in the 21st century is not impossible. 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