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CPEC | China-Pakistan Economic Corridor (CPEC) Official Website Develop By Ministry of Planning Development & Special Initiatives CPEC Secretariat 'P' block Pak-Secretariat, Islamabad,Pakistan. where China has invested in the past in infrastructure and hydropower For UPSC 2021 preparation, follow BYJU’S. What are Asset Reconstruction Companies (ARCs)? These MOU’s were part of a long-term plan for the formation of the Chinese-Pakistan Economic Corridor, which would initially be a part of the Silk Road Economic Belt as well. private consortia to help alleviate Pakistan's chronic energy shortages. In February 2017, the Egyptian Ambassador to Pakistan expressed interest in CPEC cooperation. The above details would be of help to candidates preparing for UPSC 2021 exams from the perspective of the mains examination. Mains level : China's vested interests in the Kashmir Valley. Study Material for IAS Prelims: GS Paper -1 + CSAT Paper-2. The China – Pakistan Economic Corridor (known as CPEC for short) is a collection of infrastructure projects that are currently under construction throughout Pakistan. Several media outlets in Pakistan have criticized the project’s finances as being shrouded in mystery, while one of them going as far as to suggest that the article suggested that “there are far too much secrecy and far too little transparency”. China-Pakistan Economic Corridor is a framework of regional connectivity. Further concerns are as follows: The Government of India, which shares tense relations with Pakistan, objects to the CPEC project as upgrade works to the Karakoram Highway are taking place in Gilgit Baltistan; a territory that India claims as its own. The enhancement of geographical linkages having improved road, air transportation system and rail with frequent and free exchanges of growth. In 2013, President Asif Ali Zardari and Premier Li Keqiang decided to further enhance mutual connectivity by signing a series of MOU’s on economic cooperation. China-Pakistan Economic Corridor (CPEC), massive bilateral project to improve infrastructure within Pakistan for better trade with China and to further integrate the countries of the region. Balochistan constitute only 5% of the population while geographically Proposed infrastructure projects are worth approximately $11 billion, NCERT Solutions Class 12 Business Studies, NCERT Solutions Class 12 Accountancy Part 1, NCERT Solutions Class 12 Accountancy Part 2, NCERT Solutions Class 11 Business Studies, NCERT Solutions for Class 10 Social Science, NCERT Solutions for Class 10 Maths Chapter 1, NCERT Solutions for Class 10 Maths Chapter 2, NCERT Solutions for Class 10 Maths Chapter 3, NCERT Solutions for Class 10 Maths Chapter 4, NCERT Solutions for Class 10 Maths Chapter 5, NCERT Solutions for Class 10 Maths Chapter 6, NCERT Solutions for Class 10 Maths Chapter 7, NCERT Solutions for Class 10 Maths Chapter 8, NCERT Solutions for Class 10 Maths Chapter 9, NCERT Solutions for Class 10 Maths Chapter 10, NCERT Solutions for Class 10 Maths Chapter 11, NCERT Solutions for Class 10 Maths Chapter 12, NCERT Solutions for Class 10 Maths Chapter 13, NCERT Solutions for Class 10 Maths Chapter 14, NCERT Solutions for Class 10 Maths Chapter 15, NCERT Solutions for Class 10 Science Chapter 1, NCERT Solutions for Class 10 Science Chapter 2, NCERT Solutions for Class 10 Science Chapter 3, NCERT Solutions for Class 10 Science Chapter 4, NCERT Solutions for Class 10 Science Chapter 5, NCERT Solutions for Class 10 Science Chapter 6, NCERT Solutions for Class 10 Science Chapter 7, NCERT Solutions for Class 10 Science Chapter 8, NCERT Solutions for Class 10 Science Chapter 9, NCERT Solutions for Class 10 Science Chapter 10, NCERT Solutions for Class 10 Science Chapter 11, NCERT Solutions for Class 10 Science Chapter 12, NCERT Solutions for Class 10 Science Chapter 13, NCERT Solutions for Class 10 Science Chapter 14, NCERT Solutions for Class 10 Science Chapter 15, NCERT Solutions for Class 10 Science Chapter 16, NCERT Solutions For Class 9 Social Science, NCERT Solutions For Class 9 Maths Chapter 1, NCERT Solutions For Class 9 Maths Chapter 2, NCERT Solutions For Class 9 Maths Chapter 3, NCERT Solutions For Class 9 Maths Chapter 4, NCERT Solutions For Class 9 Maths Chapter 5, NCERT Solutions For Class 9 Maths Chapter 6, NCERT Solutions For Class 9 Maths Chapter 7, NCERT Solutions For Class 9 Maths Chapter 8, NCERT Solutions For Class 9 Maths Chapter 9, NCERT Solutions For Class 9 Maths Chapter 10, NCERT Solutions For Class 9 Maths Chapter 11, NCERT Solutions For Class 9 Maths Chapter 12, NCERT Solutions For Class 9 Maths Chapter 13, NCERT Solutions For Class 9 Maths Chapter 14, NCERT Solutions For Class 9 Maths Chapter 15, NCERT Solutions for Class 9 Science Chapter 1, NCERT Solutions for Class 9 Science Chapter 2, NCERT Solutions for Class 9 Science Chapter 3, NCERT Solutions for Class 9 Science Chapter 4, NCERT Solutions for Class 9 Science Chapter 5, NCERT Solutions for Class 9 Science Chapter 6, NCERT Solutions for Class 9 Science Chapter 7, NCERT Solutions for Class 9 Science Chapter 8, NCERT Solutions for Class 9 Science Chapter 9, NCERT Solutions for Class 9 Science Chapter 10, NCERT Solutions for Class 9 Science Chapter 12, NCERT Solutions for Class 9 Science Chapter 11, NCERT Solutions for Class 9 Science Chapter 13, NCERT Solutions for Class 9 Science Chapter 14, NCERT Solutions for Class 9 Science Chapter 15, NCERT Solutions for Class 8 Social Science, NCERT Solutions for Class 7 Social Science, NCERT Solutions For Class 6 Social Science, CBSE Previous Year Question Papers Class 10, CBSE Previous Year Question Papers Class 12, Headquarters of International Organisations, Important National/International Days & Dates, International North-South Transport Corridor. In federations like Pakistan, the location of new construction can be politically contentious given competition for the associated economic gains. China western region is mostly underdeveloped. The project was launched on April 20, 2015 when Chinese President Xi Jinping and Pakistani Prime Minister Nawaz Sharif signed 51 agreements and Memorandums of Understanding valued at $46 billion. A recently released joint report from the Chongyang Institute of Renmin University of China and Caijing Magazine shows several multi-billion-dollar projects along the China-Pakistan Economic Corridor (CPEC). In March 2018, Pakistan announced that following the completion of under-construction energy projects, future CPEC energy projects would be geared towards hydropower projects. As stated, the corridor will pass through the Gilgit Baltistan region Trade is decided by this region. Maps form a very crucial part of UPSC preparation. 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