China Pakistan Economic Corridor

china pakistan economic corridor

Fine Relation of Friendship C-Pak Economic Corridor

china pakistan economic corridor 3

Introduction:

China and Pakistan are the two countries which shares fine relation of friendship since 1950, when Pakistan recognizes PRC. Both countries have been acting as real companions of each other in every ground after they made alliance against India. Most of the time Pakistan is at the receiving end which makes Pakistan loyal to china may be that is because of china has granted economic, technical and military support to Pakistan which makes them strategic alleys. China always wants a stable and peaceful Pakistan because both the countries shares border with each other and some of chines Imports and Exports are done through sea ports of Pakistan……
CPEC (China Pakistan Economic Corridor) The Pakistan-China Economic Corridor (PCEC) has been rightly termed a game changer. A careful cost-benefit analysis is required to assess for whom it will be the game changer. The key parameters should be additional business and additional savings.
CPEC will not only benefit China and Pakistan but will have positive impact on Iran, Afghanistan, India, Central Asian Republic, and the region. The enhancement of geographical linkages having improved road, rail and air transportation system with frequent and free exchanges of growth and people to people contact, enhancing understanding through academic, cultural and regional knowledge and culture, activity of higher volume of flow of trade and businesses, producing and moving energy to have more optimal businesses and enhancement of co-operation by win-win model will result in well connected, integrated region of shared destiny, harmony and development.
Every day, China spends around $18 million on import of 6.3 million barrels of oil as shipment costs from the Middle East, accounting for 80% of its all oil needs, routing through the Strait of Malacca covering a distance of 9,912 miles. By cutting a corridor directly from Kashgar to Gwadar, it will bring these costs significantly down to one-third of the current levels as new distance will be 3,626 miles to Central China, whereas only 2,295 miles till West China.
Even if China were to use PCEC only for 50% of its current level of oil supplies, it will save around $6 million every day, almost $2 billion every year.
China Pakistan Economic Corridor is journey towards economic rationalization in the globalized world. It founded peace, development, and win-win model for all of them.
China Pakistan Economic Corridor is hope of better region of the future with peace, development and growth of economy.

china pakistan economic corridor

china pakistan economic corridor 1

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