Journal of Positive School Psychology http://journalppw.

com
2022, Vol. 6, No. 10, 4214-4223

The Impact Of CPEC On The Economy Of Pakistan

Dr. Ayesha Khan1 , Farkhanda Ilmas2 , Muhammad Zubair3 , Akash Khan4 , Prof. Dr. Liu
Hong Zhong5

1
Lecturer in History, Govt. Degree College, Daggar Bunner, KPK. E-mail address:
[email protected]

2
Ph.D. Scholar, School of Economics and International Relations, Liaoning University, Liaoning, 110000, China.
E-mail address: [email protected]

3
Bachelor of Science (Hons) in Sociology. Kohat University of Science and Technology, Kohat, Pakistan.
Department of Social Work & Sociology. [email protected]

4
Ph.D Scholar, School of International Economics and International Relations, Liaoning University, Liaoning,
110000, China. E-mail address: [email protected] (Corresponding Author)

4
Shanghai International Studies University, China. Email: [email protected]

Abstract

This study examines the China-Pakistan Economic Corridor (CPEC), a megaproject between China and
Pakistan. CPEC is vital for both China and Pakistan. Pakistan views CPEC as a significant potential for the
country's growth. This article explores the effects of CPEC on the economy of Pakistan. It covers the effects
of CPEC projects on Pakistan's economy, including infrastructure, Gwadar port, energy, and Special
Economic Zones (SEZ). Using a qualitative research approach, this research paper indicates that CPEC has
more beneficial than negative effects on Pakistan's economy. To derive benefits from CPEC, its efficient
implementation and operation are essential.

Keywords: CPEC, Economy, Energy, SEZ, Infrastructure and Gwadar port.

Introduction: an ongoing economic crisis and threats to

national security. The concept for this endeavour
The connection between Pakistan and China is
was conceived in 2013 (Arshad and Haidong
quite strong bilaterally. Pakistan considers China
2017). The CPEC was publicly launched in 2015
to be a key strategic partner and relies on China
during a visit to Pakistan by the Premier of China,
for unwavering support and assistance in all
Li Keqiang. The CPEC is a major project under
circumstances. For decades, Pakistan has been
China's Belt and Road Initiative (BRI) policy
attempting to overcome both its internal and
plan, which has received a lot of attention in
foreign obstacles. On the borders with India and
recent years. The CPEC is a key component of the
Afghanistan, there are ongoing conflicts, as well
BRI, and its primary objective is to provide a land
as threats from terrorist organisations and
and water transportation link between
insurgent groups. China has presented Pakistan
southwestern China and the maritime trade routes
with a project that it has dubbed the "CPEC" in
of the Arabian Sea, CPEC projects in Pakistan are
an effort to combat the challenging conditions of
receiving funding from China (Ali 2019). The
 4215 Journal of Positive School Psychology

beginning of construction on the CPEC marked the Strait of Malacca, which is about 14,000
the beginning of a new era of goodwill between kilometres away. The distance travelled by China
China and Pakistan, which resulted in improved to buy oil from the Middle East is cut down to
military, political, and economic ties between the 3000 kilometres as a result of the opening of the
two countries. This project facilitates regional Gwadar port (Afridi and Khalid 2016). Both
connectivity and has the potential to strengthen China and Pakistan recognise the significance of
bilateral cooperation and Pakistan's infrastructure CPEC. It is a successful initiative that will bring
and energy projects. In addition, the project about positive results for both countries. The goal
enables regional connectivity. After many of the CPEC is to connect China with the Middle
decades of struggle, Pakistan finally saw a East, Africa, and Central Asia. The CPEC would
glimmer of optimism in the form of the mega- serve as a connection point for a New Maritime
initiative known as CPEC. It is anticipated that Silk Route, which would forge connections
this initiative will have a more significant between the continents of Africa, Asia, and
influence on the economy of Pakistan. Europe (Mudunuri 2020). The goal of the CPEC
is to raise living standards for people in both
The influence of the CPEC on Pakistan's
Pakistan and China. According to Pakistan's
economy is analysed in this study. Despite the
Ministry of Planning, this initiative has the ability
fact that CPEC is currently in the middle stage
to assist in the nation’s overall growth and
and that it is currently unable to demonstrate the
development. Some members of Pakistani society,
actual impact of the projects, this research will be
despite the fact that it is envisaged that CPEC will
undertaken with the assistance of facts, reports,
usher in an economic revolution in Pakistan, have
and other material that is currently accessible. In
voiced concerns over the effective
this approach, this study will assess the impact
implementation of CPEC projects.
that CPEC projects have had on Pakistan's
economy. The CPEC is a massive project that Pakistan is
undertaking with the assistance of China to
Characteristics of the CPEC:
accomplish a variety of goals. The CPEC network
The CPEC is a 3,000-kilometer-long network of has four different routes: eastern, central, western
roads, railroads, and pipelines meant to transport and northern route. An article written by Alam
oil and gas from the Gwadar port of Pakistan to (2016) and published in Dawn suggests that the
Kashgar, northwestern China (Khurshid and eastern route of CPEC will travel via the
Rashid 2018). CPEC is comprised of four major provinces of Punjab and Sindh. Cities includes
projects in total. Examples include Gwadar port, Khunjarab, Raikot, Thakot, Mansehra, Islamabad,
energy, special economic zones, and Lahore, Multan, Sukkur, Hyderabad, Karachi, to
infrastructure development. The CPEC intends to Makran coastal highway. Islamabad, Peshawar,
boost Pakistan's economy, modernise the Kohat, Bannu, Dera Ismail Khan, Zhob, Quetta,
country's infrastructure, and improve Qalat, Surab, Bismah, Turbat, and Gwadar are all
communication throughout the country. CPEC on the itinerary for the western route. Baluchistan,
also has the goal of establishing a connection Khyber Pakhtunkhwa, and western Punjab are
between the port of Gwadar in Pakistan and going to be traversed by the portion of CPEC that
Xinjiang (China). By establishing a connection goes in a westerly direction. The northern route
between Gwadar port and Xinjiang, China will be travels through Kunjareb, Karakorum highway,
able to cut down on the amount of distance Railkot, and Thakot before arriving at
travelled and the expense of doing so. For Abbottabad. Abbottabad, Hassan Abdal,
example, China imports 80 percent of its oil from Peshawar, Kohat, Banu, Dera-Ismail Khan, Dera
Dr. Ayesha Khan 4216

Ghazi Khan, Rajanpur, Kashmire, Ratodero, by infrastructure (Small 2015). As a result,

Khuzdar, Panjgur, Turbat, and Gwadar are all Pakistan kicked off the construction of special
going to be on the CPEC's core route at some economic zones, which are now considered to be
point (Bhatti and Mustafa 2020). Under the among the country's most significant
auspices of the CPEC, Pakistan's government has megaprojects in its entire history. According to
launched projects in four primary sectors. the Ministry of Planning of Pakistan, Pakistan is
Infrastructural development, the Special responsible for establishing nine special
Economic Corridor, energy development, and the economic zones as part of CPEC.
Gwadar port development are all included in
The domestic need for energy and power in
these initiatives.
Pakistan prompted Pakistan to begin a number of
Pakistan's network of roads and trains is not different projects. For example, the Coal-Fibre
nearly as developed as other countries'. In an power plant in Port Qasim Karachi and
effort to bring Pakistan's infrastructure up to date, Baluchistan would have the capacity to generate
Pakistan has started construction projects for new 1,320 megawatts of energy. It is hoped that CPEC
highways, railroads, and fibre optic cables. would one day connect Kashgar in Xinjiang to
According to the Ministry of Planning of Pakistan, Gwadar in Baluchistan, which is located on the
Pakistan is currently working on a number of Makran coast. With China's financial aid,
construction projects, including the upgrading of Pakistan got the ball rolling on a number of
Karakoram Highway (Thakot-Havelian section). different projects in Gwadar. Pakistan, with the
In August of 2019, the Peshawar-Karachi support of China, initiated a number of projects
Motorway, which was under construction for 392 in Gwadar with the goal of fostering the city's
kilometres and cost 2889 million dollars, was economic growth. Not only is the growth of
finally finished. Another project being Baluchistan tied to the Gwadar port, but the
undertaken in Khyber Pakhtunkhwa and western part of China's Xinjiang province will
Baluchistan is the upgrading of the Dera Ismail also profit from the construction of the Gwadar
Khan-Zhob, N-50 Phase (210 kilometres) port (Rahman and Shurong 2017). As a result,
roadway. In a similar vein, Pakistan kicked off Pakistan has embarked on a number of expensive
CPEC-related railroad construction projects. For projects in the Gwadar region. Some of the
example, one of the railway projects that have CPEC-related social sector projects are included
been started as part of CPEC is the rehabilitation on the official website of CPEC.
and extension of the Karachi-Peshawar railway
The Effects of CPEC Projects on the
line, which has a price tag of $8172 million (Khan
Economy of Pakistan:
and Liu 2018). In addition, Pakistan has launched
rail-based Mass Transit schemes as part of the The 21st century is a time of fiscal autonomy and
CPEC in order to improve the public mass transit self-sufficiency in many aspects of life. If CPEC
infrastructure. Both within Pakistan and between is successfully implemented, it has the potential
Pakistan and China, Pakistan and China have to have a significant effect on Pakistan. During
begun laying optical fibre connections that the process of putting CPEC into action, Pakistan
traverse their respective borders. This project will will be confronted with a number of economic
also go from Khunjerab pass, which is located on obstacles and hazards, such as the conundrum of
the south western border of China, all the way to how to repay its external debt. A significant
Rawalpindi (Pakistan). The expansion of amount of debt was received by Pakistani
commerce and economic prospects is correlated officials in order to carry out CPEC projects,
with improvements in connection brought about which was condemned by a number of academics.
 4217 Journal of Positive School Psychology

However, many government officials are of the findings published in Employment Outlook of
opinion that CPEC would have a favourable CPEC: A Meta-Analysis by Dr. Shahid Rashid
influence on the economy of Pakistan. CPEC (2018), the Karakoram Highway (KKH) has been
would lead to a rise in both industry and responsible for the creation of 7,800 direct jobs,
urbanisation, as stated in Pakistan's Ministry of 6,000 of which have been attributed to the
Planning, Development, and Reform's (2017) country of Pakistan and 1800 to the country of
Long Term Plan (2017-2030) document, which China (Zaidi 2019). For more efficient travel
was published in 2017. According to the between Peshawar and Karachi, the Multan-
document, the growth of industrialisation would Sukkur segment of the Peshawar-Karachi
also contribute to Pakistan's transformation into a highway infrastructure project calls for the
country that is extremely inclusive, globally construction of six lanes along the 1,100-
competitive, and affluent (Qadeer 2020). Despite kilometer road. It will include 107 underpasses,
the fact that Pakistan is confronted with problems 188 subways, and 100 bridges.
on the national, regional, and international levels,
Additionally, it will have five rest areas, six
the nation continues to work toward the
public service areas, 22 toll plazas with the most
completion of CPEC projects in order to further
recent intelligent technology, and 11 interchanges.
its own self-interests. The following are the
Since it began, the project has been responsible
effects that CPEC projects would have on the
for the payment of taxes of USD 39,920,405
economy of Pakistan.
(Iftikhar and Hossain 2020). This indicates that
The Effect of Special Economic Zones and the Peshawar-Karachi highway has the potential
Other Infrastructure on the Economy to make a contribution to the economy of
of Pakistan: Pakistan as a whole. The cash collected from the
toll levy will contribute to the economic benefits
Pakistan is going through a severe economic
brought about by CPEC. Pakistan's tax income
crisis right now. The pace of economic growth in
was estimated to be 22.782 billion dollars in
Pakistan has dropped from 6.2% to 3.3% in 2019,
March of 2019, however by June of same year, it
indicating the severity of the current crisis
had climbed to 30.355 billion dollars (Iftikhar and
(Makhdoom and Shah 2018). Typically, the
Hossain 2020). The Pakistani economy will
creation of new jobs, advancements in the
benefit from the collection of taxes from highway
industrial and manufacturing sector, investments,
tolls. Under the auspices of CPEC, the upgrading
the updating of ageing infrastructure, and a boost
of the Dera Ismail Khan (Yarik) - Zhob, N-50
in gross domestic product are the next natural
Phase-I (210 kilometres) road is now under
steps after economic development (GDP). The
process. It is anticipated that China's investment
projects that make up CPEC will have a
of more than $60 billion in Pakistan's
favourable influence on Pakistan's economy. "A
infrastructure and electricity projects as part of
total investment of $13.58 billion is to be put in
the China Economic Corridor (CPEC) will lead
the building of infrastructures," according to
to an increase of around 3.5% in economic
Pakistan's Ministry of Planning, Development
growth in Pakistan. This indicates that
and Reform. The following is an important
infrastructure projects such as roads, trains, and
project regarding the infrastructure: Karakoram
motorways would have a favourable influence on
(the Thakot-Havelian stretch), which provides a
the economy of Pakistan by creating job
connection between the province of Gilgit
possibilities, sources for the national economy,
Baltistan and Khyber Pakhtunkhwa and the
business opportunities, and increased comfort for
capital city of Islamabad. According to the
Dr. Ayesha Khan 4218

commuting and travelling (Iftikhar and Hossain being made in Pakistan. The total amount of
2020). FDI in Pakistan increased by $179 million for the
month of July 2019, according to the latest figures
In addition to the infrastructural developments,
available. It is not an exaggeration to say that the
the Special Economic Zone, or SEZ, will play a
expansion of the industrial base and the attraction
very important role in favourably improving
of FDI will result from the timely achievement of
Pakistan's economy. The creation of special
these projects. The CPEC will usher in a
economic zones, or SEZs, is one of the most
multitude of lucrative opportunities, the
important aspects of CPEC projects. People who
outcomes of which will have a positive impact on
reside along the western route will have the
the economy of Pakistan.
chance to sell a variety of products to a much
broader group of customers, including cattle, The Effects of Energy Projects on the
poultry, horticulture, and fisheries. These people Economy of Pakistan:
will have access to a bigger market. An increase
Energy is one of the components that contributes
in exports almost certainly will result in a rise in
to the overall economic growth of a nation. The
the number of new possibilities available to
manufacturing and industrial sectors make use of
members of the community. The fresh fruit that is
many different kinds of energy sources, including
exported from northern regions of Pakistan such
but not limited to natural gas, petroleum,
as Baltistan, such as cherries, apricots, and apples,
hydrocarbon gas liquids, electricity, and pulping
is well-known worldwide (Rehman and Hakim
liquids. To summarise, the availability of energy
2018). The China-Pakistan Economic Corridor
is a factor that significantly affects the growth of
(CPEC) is advantageous for local businesses
the economy. A severe lack of electricity and
since it makes exporting simpler. Within CPEC,
power is plaguing Pakistan at the moment.
there are nine different Special Economic Zones.
Because of a lack of power, Pakistan's economy
One of these is the Rashakai Economic Zone,
suffered a loss of $250 billion in the year 2013
which is located in the M-1 district of Nowshera.
(Khan and Khan 2020). However, research
It is anticipated that industrial investment, job
conducted by the World Bank found that
creation, and economic growth would result from
Pakistan's power industry is projected to suffer a
the establishment of this zone. For the building of
loss equal to 6.5% of GDP in 2015 and that
this project, you will need to hire specialists and
Pakistan is home to 50 million people who do not
engineers. Other economic zones provide
have access to the nation's electrical grid. It is
opportunities for industrial initiatives in the fields
estimated that Pakistan's annual power
of food processing, agricultural machinery, oil,
consumption will drop from 4,000 MW to 7,000
ceramics, textiles, steel, chemistry, printing,
MW on average (Iftikhar and Hossain 2020). A
packaging, and the leather industry, amongst
lack of energy in Pakistan has had a negative
others. "O.6 million employment are predicted to
impact on several facets of the country's
be produced by the development of SEZ in
economic strategy. This has led to sluggish
Faisalabad," says the research that was conducted
industrial growth, a lack of Foreign Direct
by Dr. Shahid Rashid (2018) and published in
Investment (FDI), an absence of infrastructure
Employment Outlook of CPEC: A Meta-Analysis
development, a low volume of exports, and high
(Iftikhar and Hossain 2020). In addition to that, it
levels of imports. In addition, there was a scarcity
is anticipated that these Special Economic Zones
of electricity and energy, which resulted in
would draw international investment into
regular disruptions of the power supply (known
Pakistan. It is feasible to draw this conclusion
as load shedding in the area), which had a
from the rapidly increasing amount of FDI that is
 4219 Journal of Positive School Psychology

detrimental influence on society. When there is a to 5.5% in 2016, while the IMF anticipated that
scarcity of power, both commerce and business investments in CPEC will contribute between $3
are negatively impacted. As a result, Pakistan and $13 billion in production to Pakistan's GDP
embarked on a number of initiatives in the field by the year 2024 (Iftikhar and Hossain 2020).
of energy, including the construction of coal-fired
Therefore, it is anticipated that the energy
power plants in Sindh and Punjab, the
projects that are part of CPEC would help to the
establishment of a hydro-wind farm in Thatta,
expansion of the economy in Pakistan by adding
and the development of a solar park project in
to the country's GDP. The expansion of Pakistan's
Bahawalpur. The development of 10,400 MW of
GDP would have a beneficial effect on the
energy producing capacity is scheduled to take
country's economy. When Pakistan finally
place in Pakistan between the years 2018 and
satisfies all of its energy needs, there will be a
2020 (Iftikhar and Hossain 2020). According to
plethora of chances for foreign investment in the
Jabri (2019), the Comprehensive and Progressive
country's manufacturing sectors, in addition to
Agreement for Energy Cooperation (CPEC)
commercial and retail enterprises (Munir and
includes twenty energy projects that will together
Khayyam 2020). The successful operation of the
require an investment of twenty-five billion
Thar Coal-Power Plant is one indication of the
dollars.
beneficial effects of CPEC. The national grid had
There have already been seven of these projects already benefited from this power plant's
finished, and they have collectively added 3,340 contribution of 330 megawatts of energy (Iqbal
megawatts of power to the national system. Three and Chu 2019). After they are finished and have
Gorges-third Wind Power Project, Three Gorges- been demonstrated to perform effectively, energy
second Wind Power Project, Coal-fired Power projects will attract FDI.
Plant at Port Qasim, Sachal Wind Farm, Jhimpir
In addition, these energy initiatives create more
UEP wind power project, Dawood Wind Farm,
prospects for employment. According to Kausar,
and Solar Park are the seven additional projects
Pakistani employees and engineers to the tune of
that have been finished. More than 11% of
30,000 were hired in the month of June 2017. The
Pakistan's total installed capacity of 29,000 MW
creation of new work possibilities is mostly
was added to the national grid as a result of these
facilitated by various energy-related initiatives.
projects, which contributed a total of 3,240 MW
As an illustration, in the year 2017, CPEC energy
to the grid (Iftikhar and Hossain 2020). When
projects engaged 16,000 Pakistanis to work as
these projects finally get up and running, it is
labourers and engineers in various capacities
anticipated that Pakistan's economy would see
(Hao and Shah 2020). The energy project at Port
explosive growth. "Once energy and
Qasim, Karachi, had resulted in the creation of
infrastructure bottlenecks are addressed, it is
5000 new work possibilities for individuals in
estimated that GDP will at least increase by more
Pakistan. The completion of two more energy
than 2 percent from its current trend," states the
projects in Pakistan, located at Sukki Kinari and
document CPEC Quarterly of Centre of
Karot, has the potential to provide an additional
Excellence (2017). This information comes from
6,000 employment opportunities in the country
Pakistan's Ministry of Planning, Development
(Iftikhar and Hossain 2020). The CPEC solar
and Reform. In addition to generating new
power project and the Sahiwal coal power plant
employment opportunities, the successful
each gave three thousand employment
completion of CPEC energy projects would have
opportunities. As a result, CPEC has a significant
a favourable effect on Pakistan’s GDP. The
bearing on the rate of economic expansion in a
yearly growth rate in Pakistan increased from 4%
Dr. Ayesha Khan 4220

nation. Following the launch of CPEC's energy of Pakistan's economy may benefit from the
projects, Pakistan will become less reliant on the construction of this port in the future. The fact
supply of energy provided by other nations. that Gwadar Port is situated in deep, warm water
enables it to remain operational throughout the
How the Gwadar Port affects the
whole year. By the end of 2019, the port of
economy of Pakistan:
Gwadar will be able to manage around one
The strategic location of the port of Gwadar, million tonnes of yearly cargo, and by the end of
which provides China with access to the Arabian the 2030, it will be able to manage 400 million
Sea and, in the longer term, the Indian Ocean, is tonnes of annual cargo (Gholizadeh and Madani
one of the reasons why the CPEC is so important. 2020). This suggests that the Gwadar port would
"Gwadar Port as a project aimed at boosting be the showpiece project of the CPEC, which will
regional and economic cooperation and it will be make a significant contribution to the economy of
a hub connecting the region's land and sea Pakistan. The Technical and Vocational Institute
channels," said Mr. Sun Weidong, Chinese in Gwadar will provide individuals with the
Ambassador to Pakistan. "Gwadar Port as a education and experience necessary to compete
project aimed at promoting regional and for career opportunities inside the Gwadar port
economic cooperation." His comments pointed to infrastructure. The establishment of Gwadar
the fact that the port will make it easier for China University is another significant step in the
to have access to the Middle East and will connect direction of the nation's socioeconomic progress
Pakistan to the Central Asia Republics and (Hussain 2018). In addition, it is projected that
Middle East (Takrim 2016). Through the the construction of the Gwadar International
establishment of this port, an energy and Airport would result in an increase in the number
commercial corridor would be created that will of people travelling between Pakistan and
stretch from the Arabian Gulf to western China neighboring countries. This prediction is based
via Pakistan. Because of this, the port of Gwadar on the fact that the airport will be able to
is beneficial not only to China but also to Pakistan. accommodate more passengers. Other projects,
The development of the Gwadar port will have an such as the provision of water, purification of
immediate impact on Pakistan's overall economic freshwater, and the distribution of water, as well
expansion. For instance, the Gwadar port offers as the creation of disposal systems, have also
an alternate route to China through which oil may been initiated. These systems include: This will
be imported from the Middle East in a secure help in the management of waste products
manner. The majority of the oil that China uses is produced by a variety of industry sectors as well
brought in through the Strait of Malacca. In as the extension of the port itself. It will also aid
comparison, the distance between China and in the recycling of water. In addition to this, the
Gwadar is only 2700 kilometres, which means functioning of the Gwadar port would result in an
that oil can be transported to China far more increase in the number of work possibilities
quickly from Gwadar than through the Strait of available to the local population, which will lead
Malacca (Salim and Sultana 2019). Therefore, the to a decrease in the rate of unemployment in the
Gwadar port is advantageous to China since it region. Gwadar is a port on warm water and is
will reduce the amount of time needed to ideal for business and commercial endeavours
transport oil and will save money. The strategic due to its location. It is envisaged that isolated
value of Gwadar port will expand further as a places like Baluchistan would profit from the
result of China's ability to utilise the port for the construction of the Gwadar port. The inhabitants
importation of oil. Additionally, the development of Baluchistan will gain from increased trade,
 4221 Journal of Positive School Psychology

business, and investment, and Pakistan's GDP bringing Pakistan's economic expansion to its
will also rise as a result (Kaleem 2014). highest possible level.

When China and the Central Asian governments Conclusion:

begin using Gwadar for imports and exports,
The CPEC is one of the greatest instances of
Pakistan will get economic gains through the
Pakistan and China's connections. This initiative
reduction of freight and cargo handling expenses
offers Pakistan an incredible chance to restart the
on its territory. These benefits will allow Pakistan
country's flagging economy. Pakistan's
to grow economically. It is anticipated that the
government and population both have high hopes
Gwadar port would generate 40,000 new
that the CPEC would have a good effect on the
employment (Zaidi 2019). The Gwadar port is an
country's economy. The building of infrastructure
essential component in the continued growth of
projects including roads, highways, railroads, and
Pakistan's economy. Gwadar port has the
cross-border fibre optic networks will lead to the
potential to entice investments from foreign
creation of employment and possibilities for
direct companies (FDI). For example, Saudi
investments when these projects are completed.
Arabia intends to spend ten billion dollars on the
Not only will the construction of CPEC's Special
construction of an oil refinery at the Gwadar port
Economic Zones and related infrastructure
in Pakistan. This project is being funded by
projects result in the creation of new jobs in
Pakistan. On the other hand, the development of
Pakistan, but they will also help the country's
the Gwadar-East-Bay-Express will provide
overall economy. Positive effects on Pakistan's
numerous facilities to guarantee that the flow of
economy include, but are not limited to, the
traffic at the port is simplified. This will ensure
imposition of a toll tax and a rise in exports.
that the port is able to better accommodate its
When all of Pakistan's energy projects are fully
customers. In addition, it links the port of Gwadar
operational, the country's energy issue will finally
to the main highway that runs through the region.
be resolved. Pakistan's economy has benefited
All of these things—logistical transportation,
from the energy projects that have been
export and import activities, and the facilitation
implemented. It offers the largest percentage of
of secure commerce—will be made easier as a
employment opportunities to those native to
result of this. As a direct consequence of this,
Pakistan. It is anticipated that the availability of
there will be an increased push to invest on a
electricity would have a good influence on
domestic as well as a global scale. Approximately
Pakistan's industrialisation. If sufficient
100,000 people make their home on the Gwadar
electricity and energy can be made available, the
peninsula at the present time; however,
economy will see significant growth. The port of
population forecasts predict that this number
Gwadar is essential to the progress and
might climb to 500,000 by the year 2020 if
accomplishments of Pakistan. The Gwadar port
economic growth continues at its current rate (F.
has the ability to both provide job opportunities
A. Khan 2020). This will result in an increase in
and attract local as well as international
the number of business prospects and will boost
investment. As a direct result of Pakistan's
connectedness between individuals. When all of
participation in CPEC, a 3% boost in the
its developments are finished, Gwadar port will
country's GDP is anticipated.
develop into a significant commercial centre.
Because of this, the construction of the Gwadar
References
Port will turn Pakistan into a major centre for
international commerce. It has the capability of
Dr. Ayesha Khan 4222

1. Afridi, Manzoor Khan, and Iram Khalid. Economy and Society." Journal of Islam
"The Politics of Interdependence: A Case in Asia, 2020: 379-412.
of China-Pakistan Economic Corridor."
9. Iqbal, Sumera, and Jianxun Chu.
Research Journal of South Asian Studies,
"Projecting impact of CPEC on
2016: 659-671.
Pakistan’s electric power crisis." Chinese
2. Ali, Murad. "China–Pakistan Economic Journal of Population Resources and
Corridor: prospects and challenges." Environment, 2019: 1-12.
Contemporary South Asia, 2019: 1-13.
10. Kaleem, Inayat. Geo- Strategic and
3. Arshad, Muhammad Umer, and Zhao Economic Prospects of Gwadar Port as a
Haidong. "China-Pakistan economic Trade and Energy Corridor for Pakistan.
corridor (CPEC) issues/barrier and Peshawar: University of Peshawar, 2014.
imperatives of Pakistan and China."
11. Khan, Faheem Ahmad. Pakistan-Iran
International Interdisciplinary Business-
Relations during 2010-2018:
Economics Advancement Journal, 2017:
Implications of Gwadar and Chabahar
104-114.
Ports. University of the Punjab, 2020.
4. Bhatti, Muhammad Nawaz, and Ghulam
12. Khan, Mehran Idris, and Imtiaz Ahmed
Mustafa. "China Pakistan Economic
Khan. "An overview of global renewable
Corridor: Prospects and Challenges."
energy trends and current practices in
Pakistan Social Sciences Review, 2020:
Pakistan—A perspective of policy
292-305.
implications." Journal of Renewable and
5. Gholizadeh, Ali, and Seyedashkan Sustainable Energy, 2020: 1-13.
Madani. "A geoeconomic and
13. Khan, Shehryar, and Guijian Liu. "The
geopolitical review of Gwadar Port on
China–Pakistan Economic Corridor
belt and road initiative." Maritime
(CPEC): challenges and prospects." Area
Business Review, 2020: 335-349.
Development and Policy, 2018: 1-8.
6. Hao, Wu, and Syed Mehmood Ali Shah.
14. Khurshid, Muzammil, and Athar Rashid.
"The Impact of Energy Cooperation and
"IMPACT OF CPEC ENERGY
the Role of theOneBelt and Road
PROJECTS ON SOCIO-ECONOMIC
Initiative in Revolutionizing the
DEVELOPMENT OF PAKISTAN OF
Geopolitics of Energy among Regional
PAKISTAN." Proceedings of the
Economic Powers: An Analysis of
International Conference on Renewable,
Infrastructure Development and Project
Applied and New Energy Technologies,
Management." Complexity, 2020: 1-16.
2018: 194-199.
7. Hussain, Sajid. Politico-Economic
15. Makhdoom, Atif Shan, and Aisha Bashir
significance of Gwadar Port:
Shah. "PAKISTAN ON THE
implications for regional integration.
ROADWAY TO SOCIO-ECONOMIC
Hazara University Mansehra, 2018.
DEVELOPMENT: A
8. Iftikhar, Zainab, and Ishtiaq Hossain. COMPREHENSIVE STUDY OF
"China-Pakistan Economic Corridor CHINA PAKISTAN ECONOMIC
(CPEC): Its Impact on Pakistan’s CORRIDOR (CPEC)." The Government:
4223 Journal of Positive School Psychology

Research Journal of Political Science, 24. Zaidi, Umar. Implications of China

2018: 38-46. Pakistan Economic Corridor on Energy,
Infrastructure, Trade and Human Capital.
16. Mudunuri, Navya. "The Malacca
Harvard Extension School, 2019.
Dilemma and Chinese Ambitions: Two
Sides of a Coin." Diplomatist, 2020.

17. Munir, Ramsha, and Umer Khayyam.

"China-Pakistan economic corridor and
the impact of coal-based energy projects
on tropospheric ozone in Pakistan." Pol.
J. Environ. Stud, 2020: 3729-3747.

18. Qadeer, Noman. "A Case Study Model of

China-Pakistan Economic Corridor:
Interdependencies ." International
Journal of Scientific and Research
Publications, 2020: 212-220.

19. Rahman, Saif Ur, and Zhao Shurong.

"Analysis of Chinese Economic and
National Security Interests in China-
Pakistan Economic Corridor (CPEC)
under the Framework of One Belt One
Road (OBOR) Initiative." Arts and
Social Sciences Journal, 2017: 1-7.

20. Rehman, Ashfaq U., and Azizul Hakim.

"Role of CPEC in Development of Trade,
Transport & Economy of Pakistan."
Romanian Journal of Transport
Infrastructure, 2018: 77-92.

21. Salim, Muhammad, and Summer Sultana.

"Gwadar and its Importance for Pakistan
and China." Balochistan Review, 2019:
301-313.

22. Small, Andrew. The China-Pakistan Axis:

Asia’s New Geopolitics. Oxford
University Press, 2015.

23. Takrim, Kausar. "Role of Ports in the

Economic Development of a Nation:
Gwadar Port Perspective." PUTAJ –
Humanities and Social Sciences, 2016:
95-104.