China-Pakistan Economic Corridor is a 3,000 km Chinese infrastructure network project in construction in Pakistan.
On 20 April 2015, Pakistan and China signed an agreement to commence work on the $46 billion agreement, which is roughly 20% of Pakistan's annual GDP, with approximately $28 billion worth of fast-tracked "Early Harvest" projects to be developed by the end of 2018.
China-Pakistan Economic Corridor is a framework of regional connectivity. CPEC will not only benefit China and Pakistan but will have positive impact on Iran, Afghanistan, Central Asian Republic, and the region.
CPEC is comprised of four major projects in total. Examples include Gwadar port, energy, special economic zones, and infrastructure development. The CPEC intends to boost Pakistan's economy, modernise the country's infrastructure, and improve communication throughout the country.
To improve the lives of people of Pakistan and China by building an economic corridor promoting bilateral connectivity, construction, explore potential bilateral investment, economic and trade, logistics and people to people contact for regional connectivity.
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5 сен 2023