“Had a comprehensive review of the CPEC cooperation and discussed the way forward with Asim Saleem Bajwa,” the Chinese ambassador said in a tweet. The CPEC project will open up doors for more foreign investment in high tech industries. 4. Under the CPEC framework, the two sides have identified two industrial cooperation projects, namely Haier-Ruba Economic Zone (2006) phase II and Gwadar Free Zone. CPEC is of great significance to the development of China-Pakistan all-weather strategic cooperative partnership and the building of the community of shared destiny between China and Pakistan. With the implementation of various projects, CPEC will play an increasingly important role in promoting the economic development and uplifting living standard across different parts of Pakistan. However, CPEC faces serious challenges on internal and regional fronts. Given the current crisis of Pakistan’s energy deficits, this gigantic investment promises to deliver Pakistan all its energy crisis solutions in a very short span of time. China is the central point of mechanism to the West and Pakistan’s central point of mechanism to the Central, West, and South Asia bothers regional and global aspiring is a supreme leader. CPEC Transport Monographic Study, approved in the 5th JCC, includes Burhan-D.I.Khan, Quetta-Sorab roads as short-term projects. This unique solar project, is the biggest solar producer in Pakistan and has surpassed its intended energy production by 4.42 % in 2015-2016 and 5.48 % in 2016-2017 . JCC is responsible for the overall planning and coordination of CPEC, and the joint working groups are responsible for the detailed planning and implementation of the projects within its field. The American strategic community considers China as an emerging strategic competitor in the current geo-political landscape of the world. CPEC and the sustainable development it brings to Pakistan Long Term Plan conveys how the multi-billion dollar project can benefit the country Shakeel Ahmad Ramay January 15, 2018 Answer: China and Pakistan have reached consensus on the basis of “one corridor, multiple passages”, aiming to benefit the economic and social development of all regions in Pakistan and provide effective connectivity to Gwadar port. Pakistan stands to gain due to upgrade of infrastructure and introduction of a reliable energy supply. As of November 2016, JCC has convened 5 meetings and reached a series of consensus, playing an active role in promoting CPEC construction. The two countries are working on the Long-Term Planning of CPEC and its draft has been completed. The China-Pakistan Cross-border Fiber Optic Cable Project and ML1 Railway upgradation (framework agreement under active discussion as of December 2016) also pass through Khyber Pakhtunkhwa. 7. Pakistan can maximize the benefits of CPEC by involving China experts. The concept of Share Wealth, Share Peace, Share Future could be conceived anywhere in the world. Currently, two major CPEC transportation projects have been inaugurated and are under expeditious construction, i.e. Both sides will keep on communication with each other on the deepening of industrial cooperation, and hopefully, identify a series of win-win projects that can yield favorable economic and social benefits. We all know that CPEC project would be transforming the global geo-economic landscape. A One-Of-A-Kind project, funded by China, this train line will drastically improve Pakistan’s infrastructure and will cater to 250,000 passengers on a daily basis. 1. Preferential Chinese government loans are provided for these projects. Meanwhile, the Pakistani side is expected to carry out in-depth research on the locations of industrial zones and provide preferential policies and necessary services to mutually-agreed zones in this regard. There are five joint working groups under JCC, namely long-term planning, energy, transportation infrastructure, industrial cooperation and Gwadar port. 9. China and Pakistan are actively promoting the East Bay Expressway project and the New Gwadar International Airport project. Lahore Line Metro Train: Lahore Line Metro Train promises to connect the vast city of Lahore from one end of the city to the other end. Originally valued at $46 billion, the value of CPEC projects is now worth $62 billion. Your email address will not be published. Under CPEC, Pakistan has to take care of maintenance and security of the road. The CPEC plan will definitely scoop up the private sector investment, both domestic as well as international. December 3, 2020 0 comments ... Faraz in a meeting with Chinese Ambassador Nong Rong here on Wednesday emphasised need for enhanced cooperation between Pakistan and China in the fields of media and culture. Both sides agreed to make the list of prioritized or early harvest projects as well as the long-term plan for CPEC. The long term benefits include the improvement of various sectors in Pakistan such as education, health and industry. Challenges to CPEC depend upon the nature of enmity of both China and Pakistan with their rival nations. India is showing emotional attitude towards CPEC. Groundbreaking for 3 projects is expected to be achieved very soon, namely 873MW Suki Kinari Hydropower Station, Matiari (Port Qasim) to Lahore Transmission Line, and 2×660MW Mine Mouth Coal Fired Power Plant at Thar Block I, Sindh with its matching mining project. Answer: China-Pakistan Economic Corridor (CPEC) is a major and pilot project of the Belt and Road Initiative which is proposed by Chinese President Xi Jinping. CPEC has become the framework and platform for comprehensive and substantive cooperation between China and Pakistan. Construction is underway for 8 projects, namely , Sachal 50MW Wind Farm, Port Qasim 2×660MW Coal-fired Power Plant, Sahiwal 2×660MW Coal-fired Power Plant, 660MW HUBCO Coal Power Plant, 720MW Karot Hydropower Station, 100MW Jhimpir UEP Wind Farm, China Three Gorges Second Wind Power Project and 2×330MW Mine Mouth Coal Fired Power Plant at Thar Block II, Sindh with its matching mining project. Answer: Efficient and fast transportation network is of vital importance to the economic development. The JWG meeting, held through a video link in Islamabad on Monday, was co-chaired by Ministry of Planning, Development, & Special Initiatives Secretary Mathar Niaz Rana […], Collaboration in the film industry has the potential to elevate people-to-people cooperation and understanding between Beijing and Islamabad, which have already been consolidated by the joint projects under the China-Pakistan Economic Corridor (CPEC), such as the recently completed Orange Line Metro in Lahore, a Beijing-based Pakistani analyst told after two movies from her country made […], The Parliamentary Committee on China-Pakistan Economic Corridor (CPEC) met here to discuss various matters of the mega project including China Pakistan Free Trade Agreement (CPFTA) Phase-II and Afghan Pakistan Preferential Trade Agreement (APPTA) agreement. The labour Force should be Quadrupled to complete the job. 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