CHINA PAKISTAN ECONOMIC CORRIDOR

Introduction• The CPEC is one of the six corridors planned under President Xi

Jinping’s OBOR Initiative.

• CPEC, originally was proposed by the Chinese Premier, Li

Keqiang during his visit to Pakistan in May 2013

• The proposed project of linking Kashgar in northwest China

with Gwadar Port was approved on July 5, 2013 during the visit

of PM Nawaz Sharif to Beijing

• The proposed and estimated cost of this project is 57 bn $

Three routes have been marked:-

Conti…The proposed and estimated cost of this project is 57 billion

MAIN COMPONENTS OF CORRIDOR:

I. Gwadar ( including port and city and Gwadar region socio-economic

development)

II. Energy (Coal, Hydel, Wind, Solar, LNG , Transmission)

III. Transport Infrastructure (Road, Rail, Aviation)

IV. Investment & Industrial Cooperation (Gwadar Free Zone and

other industrial parks to be finalized)

Conti…

Table given below summarizes the number of projects identified so far along with estimated cost under CPEC:

Sr. No. Sector No. of Projects Estimated Cost (Million $)

01

ENERGY 21 33,793

02

TRANSPORT INFRASTRUCTURE 4 9,784

03 GAWADAR 8 792.62

Strategic Importance of Pakistan

• Links Central Asia,South Asia,West Asia• Significance as transit economy• Important link in the chain of Muslim Countries• Only Muslim Country with Nuclear Capability.• Gwadar Port with deep water• Coastal belt of Balochistan provide outlet to western china

to middle east

Strategic Importance of CPEC• Pak and China “all weathered” strategic and diplomatic

partners in South Asia• as a bridge and linkage between the European, Asian and

African continents• China short easy access towards the Middle East, Africa

and Europe•  US “pivot to Asia” strategy 

India, Singapore, Malaysia, North Korea and other East-Asian countries

• an alternative to Strait of Malacca

Benefits For Pakistan• Coal based power plants,Roads,Rail and Port infrastructure (22%

of total investment)

• Almost 20 lac job opportunities has been created because of this corridor.

• include industrial parks and commercial zones

• oil rich gulf countries for the transportation of their fuel supply

• sidelines will also flourish like banking, travel services, hospitality industry, electrical, recreational, shipyard and ship repair

Why India is scared of CPEC?

• Economic threats for India and America

• American support to India

• Rapid Economic growth of Pakistan is a death for India

• Azad Kasmir and occupied Kashmir Issue

Indian Conspiracies againstCPEC

• Special task for RAW

• Using Soft borders of Pakistan

• RAW working in Afghanistan

• RAW working in Iran

• Tie with UAE

• Using Political parties of pakistan

Gawadar as compared to therest of regional ports

Importance of any port depend upon two factors1) Depth of port• Bandar Abbas 9 metres• Jabal Ali 9 metres• Damam 9 metres• Qatar 11 metres• Chahbahar 11 metres• Gawadar 18• Oman 10 metres

Conti…

2) No of berths• Jabal Ali 67• Damam 39• Doha 29• Chahbahar 10• Gawadar 120• Oman 90

Latest From CPEC• Don’t behave like a spoilt child, Chinese media tells India ,

December 22rd, 2016• CPEC: 7 new projects of KPK included in CPEC on: January

01, 2017• Jan 13, 2017,Chinese Ambassador Meets General Bajwa for

CPEC Security• Minister PD&R Ahsan Iqbal has launched the website in a

post 6th Joint Cooperation follow up meeting on 26 January,2017.

• Chinese authorities approve inclusion of 3 Sindh projects in CPEC Dec 30, 2016

Devil is not in the details!!

• The $57 billion is loan with an interest on it, So, who will return this loan? It’s we and our future generations.

•  the government has added further to the foreign debt, which has crossed $70 billion.

• the terms and conditions are shrouded in secrecy. Even the most informed about CPEC are not clear about the exact conditions for repayments and project execution mechanisms.

• the energy projects will be run by private Chinese firms and the government will be contractually obliged to buy from them. 

Conti..• The political and economic elite will get their fair share by

aligning themselves with the monopolist Chinese firms. These firms and our elite will take benefits from our pockets, since the aid is a loan.

• the middle class will be happy with job creation, ignoring the fact that they will be fleeced even before jobs are created

• China did not interfere much in our internal affairs before, but would be obliged to do so in the post-CPEC scenario

At the end,,• CPEC should be made open to debate

• Give a fair share to all provinces specially Baluchistan, only o,5 percent for it in CPEC

• National interest over personal greed• The project requires timely execution, implementation and

completion of the projects to reap the fruit of the stated pact.

• Media should critically analyze the project and raise awareness without harming any national interest,

LONG

LIVE PAKISTAN !!