The leaders of our two countries have attached great importance as well as rendered active promotion to the construction of CPEC. CPEC is the important consensus reached by the leaders of both countries. CPEC has become the framework and platform for comprehensive and substantive cooperation between China and Pakistan. CPEC is not merely a road project but a framework of economic cooperation in various sectors.įundamentals of CPEC: What is China Pakistan Economic Corridor?Ĭhina-Pakistan Economic Corridor (CPEC) is a major and pilot project of the Belt and Road Initiative which is proposed by Chinese President Xi Jinping.

Pakistan got historic opportunity to develop its backwards areas economically and socially through CPEC. No province or region of the country would be discriminated in CPEC. ĬPEC is a national project and it would benefit all the provinces as well as three billion people of region. CPEC is part of the larger Belt and Road Initiative-to improve connectivity, trade, communication, and cooperation between the countries of Eurasia-announced by China in 2013. The announcement of joint space and satellite initiatives between Pakistan and China, spurred by CPEC, followed in 2016. The goal of CPEC is both to transform Pakistan’s economy-by modernizing its road, rail, air, and energy transportation systems-and to connect the deep-sea Pakistani ports of Gwadar and Karachi to China’s Xinjiang province and beyond by overland routes. Chinese President Xi Jinping said to PMLN Quaid Mian Nawaz Sharif that the China Pakistan Economic Corridor (CPEC) is a ‘gift’ to Pakistan. The project was launched on Apwhen Chinese President Xi Jinping and Pakistani Prime Minister Nawaz Sharif signed 51 agreements and Memorandums of Understanding valued at $46 billion. CPEC, a massive bilateral project to improve infrastructure within Pakistan for better trade with China and to further integrate the countries of the region.

China pakistan economic corridor map