Pak-China

Economic
Corridor (PCEC)

BY: - Ali Hassan (MBA 6th)

Introduction:
The ChinaPakistan Economic
Corridor (CPEC) is a ongoing
development megaproject which aims to
connect Gwadar port in southwestern
Pakistan to Chinas northwestern region
of Xinjiang, via a network of highways,
railways and Pipeline to transport oil and
gas.
Historical Background
The project was proposed by Chinese
Premier Li Keqiang during his visit to
Pakistan in May 2013.
The Pak-China Economic Corridor
Secretariat was inaugurated in Islamabad
on 27 August 2013.
The vision for an economic route stretches
as far back as the Musharraf era.
Agreement
On 20 April 2015, Pakistan and China
signed an agreement to commence work
on the $46 billion on 51 Projects with
approximately $28 billion in immediate
projects and the rest allocated for
projects in the gas or oil pipeline.
 Pakistan & China Sign
Agreement for Gwadar
Kashghar Link
Major Projects
Sales

Energy ($33.8
billion)
Infrastructure
($11.8 billion)
Communication
($44 Million)
Cotton biotech
research
Energy Projects
Wind Energy
Jhimpir wind Power project
Dawood Wind Power Project
Coal Power Plant
Hubco Coal-fired Power Plant Project
Development of Private Hydro Power Projects
Nuclear Power Plant
Kanupp-II, Kanupp-III.
Coal Power Plant
Zonergy 9x100 MW solar project in Punjab
Hydro Power Plant
720MW Karot Hydropower Project
Development of Private Hydro Power Projects
Infrastructure Projects
How PCEC plan will be
executed
Joint Group of Pakistan and China will be
made.
From Pakistan Minister of Planning, and
Development Reforms.
From China National Development Reforms.
Working Group will be formed.
These working group physically check the
project feasibility.
All provinces will present their projects to
working group.
Benefits Of PCEC
The relationship between China and Pakistan will
be more strong.
It helps to stable the economy of Pakistan.
The Import and export of Pakistan will increase.
The Power capacity will be increase.
Direct Investment will come in Pakistan.
New business and industry come in Pakistan.
The rate of unemployment will be decrease.
The Gwadar port will be upgraded.
Roads, Railway, Aviation and Data Transfer will be
upgraded.
Benefits to China
Benefits to China
Benefits to Pakistan
Strategic and economic trade routes.
Development of Infrastructure.
Connect all the Province.
Development of Fata, KPK and
Baluchistan.
Job opportunities
 CPEC from all counts will prove a game
changer
Investments by China will boost Pakistans
$274 billion GDP by over 15 %
Given the solid foundations of friendship
Conclusion
Suggestions