Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
China invest $62 billion in CPEC Pakistan
11-09-2017, 07:14 PM
Post: #1
China invest $62 billion in CPEC Pakistan
When Maqbool Afridi, now a retired colonel, was stationed with the Pakistani army in Gwadar in the 1990s, he would sit along the coast and stare into the expanse of the Arabian Sea, imagining what the natural deep-sea port could become. He was inspired not only to write romantic Urdu poetry but also to purchase some land in what was then, and largely remains, a fishing village. His family ridiculed him for it, telling him that he was wasting his savings.

Today, Afridi’s venture seems prescient. Beijing has made the Gwadar port the centerpiece of the China-Pakistan Economic Corridor (CPEC), a series of Chinese-financed energy and infrastructure projects in Pakistan totaling upward of $62 billion in aid and investments. CPEC, according to Chinese officials, is a “flagship project” of the Belt and Road Initiative, Beijing’s massive push to create a unified economic corridor that runs through Eurasia and into Africa. A top goal is to connect the landlocked western Chinese city of Kashgar to the Arabian Sea via Gwadar, providing China an alternative route for shipping gas and oil, one that would bypass the southern tip of India and the Strait of Malacca, a chokepoint that could make China’s maritime trade vulnerable to interdiction by hostile states during a conflict.

CPEC is certain to benefit China’s troubled state-owned enterprises, allowing them to overcome the challenges of overcapacity and oversupply by going global. And for Pakistan, the project could help it quickly overcome deficits in its electric supply and revive its struggling domestic industries, positioning it for high rates of economic growth.

A GAME OF PORTS

CPEC’s biggest feat may very well be the port of Gwadar. Although Gwadar poses little to no threat at this time to Dubai’s Jebel Ali, the region’s premier container port, in five to ten years, Gwadar’s Chinese operators could position Gwadar as a niche but effective transshipment hub just outside the strategic Strait of Hormuz. A remarkable achievement it

Reference Link:
https://www.foreignaffairs.com/articles/...t-pakistan
Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  DHA Phase 7 Lahore CCA-5 Commercial Plot Price & Review | Best Opportunity For Invest LRE-Azan 0 127 07-16-2020 08:21 PM
Last Post: LRE-Azan
  DHA Residential & Commercial Files Prices | Where Should We Invest Right Now | Latest LRE-Azan 0 283 02-03-2020 02:01 PM
Last Post: LRE-Azan
  New energy projects under CPEC: Chinese currency to be used instead of dollar LRE-Azan 0 718 11-05-2019 11:53 AM
Last Post: LRE-Azan
  Where to Invest in DHA in Budget of 15 to 50 Lacs Update By LRE 28 August 2019 LRE-Azan 0 405 08-29-2019 01:54 PM
Last Post: LRE-Azan
  Gwadar Cpec News: Warmest congratulations Hub Power Generation Unit 1 of 1320 MW LRE-Azan 0 469 01-08-2019 07:25 PM
Last Post: LRE-Azan
  Why Invest in DHA Multan by Lahore Real Estate Dec 2018 LRE-Azan 0 662 12-14-2018 05:38 PM
Last Post: LRE-Azan
  Should We Invest In Property Or Currency Now By Mubeen Asghar Lahore Real Estate LRE-Azan 0 641 12-08-2018 01:40 AM
Last Post: LRE-Azan
  $1.25 billion single largest Amnesty declaration in Pakistan LRE-Azan 0 829 06-29-2018 12:32 PM
Last Post: LRE-Azan
  Market Report and Opinion for Where to Invest Money In DHA Lahore LRE-Azan 0 618 06-23-2018 07:53 PM
Last Post: LRE-Azan
  Stop the Chinese Residential ownership in Pakistan for CPEC LRE-Azan 0 788 05-29-2018 02:22 PM
Last Post: LRE-Azan
  China Pakistan Economic Corridor (CPEC) Is Sign Of Prosperity: Ghulam Dastagir LRE-Azan 0 809 05-25-2018 05:11 PM
Last Post: LRE-Azan
  It's a time to invest in DHA Phase XI Halloki Garden LRE-Azan 0 766 05-22-2018 06:11 PM
Last Post: LRE-Azan
  Chinese Foreign Minister : Pakistan start receiving benefits of CPEC LRE-Azan 0 654 03-10-2018 02:30 PM
Last Post: LRE-Azan
  China has both commercial and military interests in Pakistan's Gwadar port LRE-Azan 0 1,101 02-10-2018 05:12 PM
Last Post: LRE-Azan
  CPEC Contribution to cross $100 billion by 2030 LRE-Azan 0 839 02-10-2018 04:51 PM
Last Post: LRE-Azan
  British HC: CPEC Project Beneficial for many other Countries LRE-Azan 0 880 02-10-2018 04:39 PM
Last Post: LRE-Azan
  China has to Set Up a Chemical Plant in Pakistan LRE-Azan 0 889 01-15-2018 07:28 PM
Last Post: LRE-Azan
  CPEC will Bring Progress and Prosperity To Pakistan LRE-Azan 0 902 01-09-2018 07:28 PM
Last Post: LRE-Azan
  China Defended Pakistan After US President Donald Trump's Intimidation LRE-Azan 0 751 01-03-2018 04:21 PM
Last Post: LRE-Azan
  Past 12 Months Progress of CPEC LRE-Azan 0 736 01-01-2018 06:20 PM
Last Post: LRE-Azan

Forum Jump:


User(s) browsing this thread: 1 Guest(s)