pakistan-china economic corridor.pptx

PAK CHINA ECONOMIC CORRIDOR


PAK-CHINA ECONOMIC CORRIDOR

The kkh was started in 1959 and was completed in 1979 (open to the public since 1986 )

Length 1,300 km (Pakistan 887 km ) China 413 km

It connects China's Xinjiang region with Pakistan's Gilgit–Baltistan and Khyber Pakhtunkhwa regions

Major cities Hasanabdal, Abbottabad, Thakot, Chilas, Gilgit, Aliabad, Sust, Khunjerab Pass, Kashgar

The importance Karakoram Highway Chinese companies Tourism in Pakistan Transportations


The KKH highly contribute economic activities of both countries export and import

*Economic Gateway Gwadar On 8 September 1958 prince Aga khan karim purchased the Gwadar enclave from

Oman for $3 million, and gave it to Pakistan and it officially became part of Pakistan

Gwadar Port is located at the mouth of the Persian Gulf

Gwadar is a planned free trade port

Gwadar Port is a strategic developed jointly by the both countries

National Highway Authority (NHA) began construction of the 653 km-long Makran Coastal Highway linking Gwadar with Karachi,

In 2004, Pakistan's NHA began construction of the 820-km long M8 motorway linking Gwadar with Ratodero in Sindh province Turbat, Hoshab, Awaran and Khuzdar

In 2007 Civil Aviation Authority of Pakistan acquired 6,000 acres (17-24 km2) to construct a new greenfield airport, at an estimated cost of Rs 7.5 billion.

GWADAR ECONOMIC ZONE GDA was established to promote industrial

activities in mega port city of Gwadar

China focused on the fast-track construction of roads, other infrastructure and public buildings

In 2013, Gwadar Port operations were officially handed over to China,

To connect china with Gwadar through railway track has already begun


Outflow of goods from western China and Central Asia through Gwadar


CURRENT PAK-CHINA ECONOMIC CORRIDOR DEVELOPMENT

Gwadar-Khunjerab-Kashgar rail network Gwadar-Khunjerab-Kashgar

rail network

connecting the maximum number of population through a network of highways and railways

six-lane motorway to be built from Karachi to Lahore. MoU’s signed with China


OBJECTIVE OF PAK-CHINA ECONOMIC CORRIDOR

Increase the volume of trade between Pakistan and china

Take full advantage of preferential trade agreement(PTA) and free trade agreement (FTA)

Increase export to china, recently export to china is $3.14 billion



Pakistan and china are second largest partners in south Asia, this will help to retain partnership

Widen Karakorum high way and open new economic corridor from china to Gwadar

Approximately reduce 10000 km distance and it is the shortest route



Expand trade with Afghanistan and it help both countries to play their role in post-2014 Afghanistan

Expand trade with Russia by providing trade route till Gwadar port

Development of infrastructure along Pakistan


OBJECTIVE OF PAK-CHINA ECONOMIC CORRIDOR China access to the Indian Ocean with

the aim of widening its geopolitical influence and military presence in the region

Job opportunities and economic development in Baluchistan

Increase Chinese investment, Pakistani investment in china will also be encouraged


OBJECTIVE OF PAK-CHINA ECONOMIC CORRIDOR Regional peace, prosperity and

elevate the life of poor people of south Asia

Enhance trade among Pakistan, China, Gulf States, Central Asia and Africa

China is interested to extend the Iran-Pakistan pipeline to its western territory


ADVANTAGES OF PAK-CHINA ECONOMIC CORRIDOR Can benefit new emerging regional cooperation

Save time, cost and freight charges

Facilitate trade, have Economic Zone en-route and will allow reaping of full benefits of development, economic and social uplift

Increase the economic collaboration

between both countries by connecting western china to Gwadar

Regional stability in Asia as well as whole world

Pakistan economy will Boost PAK CHINA ECONOMIC CORRIDOR

ADVANTAGES OF PAK-CHINA ECONOMIC CORRIDOR

ADVANTAGES OF PAK-CHINA ECONOMIC CORRIDOR

Pakistan can avail great opportunities from chine’s expert in various sectors like energy ,Technology and Education sector

Create new employment opportunities

Pakistan and china both collectively target the half of the population of the world ,it will provide great opportunity for both countries to expend their market



FTA leads to threat for local markets and local manufacturers

Disturb of local industries

Difficult to compete chine’s product in market

Increase the ratio of unemployment

Dependent to China

DISADVANTAGES:

Huge difference between Balance of payment Trade deficit


Pakistan-China trade increased by 17.6% to a total of US$ 12.4 billion in

2012.

China export to Pakistan is

9.3billion

Pakistan’s export to china is 3.14billion

9.2

3.14

Trade Deficit

DISADVANTAGES:


Focus on import rather than Domestic production

Threat for potential group

Due to free trade agreement with china leads to lack of competition.

Recommendation:


Pakistan should create stability In its terrority to implementation on that plan

To make positive balance of trade Pakistan should increase exports

Agriculture products Textile products Leather

Precious stone

Sports goods

Textiles products

Maintain favorable balance of trade

RECOMMENDATION:


• Restriction on that commodities which is harmful for our industries

• To make a frame work to use Domestic currency for trade (barter system)

• Develop auto industries rather than focusing on import parts.


Recommendations

Should provide latest

technology

Think tank should

collaborate by both countries

Implementations of

agreements should be addressed

RECOMMENDATION:

Pakistan should implement and

handle policies up to the mark

Utilization of raw material and value added

process should be done in Pakistan


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Recommendations

Make efforts to diversify market in China

Security issues, law and order system are main obstacles in the way of Pak-china economic corridor

Pakistan should develop the training centers and Chinese language centers in order to make effective communications


CONCLUSIONNatural Gateway for China

Positive response by both countries

through mutual cooperation

Both countries are keen to enhance

trade activities



CONCLUSION:Infrastructural improvement and Development

of Dams

Stability of economy by investment in different sectors

“our friendship is “higher than the mountains, deeper than the oceans, stronger than steel, dearer than eyesight, sweeter than honey”.

pakistan-china economic corridor.pptx

Documents

western china

economic activities

mega port city of gwadar

pakistan gwadar port

gwadar economic zone

open new economic corridor

gwadar enclave

gwadar port operations