CHINA-PAKISTAN ECONOMIC CORRIDOR (CPEC) ENERGY PRIORITY & OPTIONS FOR SINDH

  • Nighat Moin
  • Suwaibah Qadri

Abstract

The significance of China for Pakistan can actuate further by the economic partnership & commercial interest through the connectivity via CPEC. The exigent deep-sea maritime port (Kashga-Gwadar port) is financed & operated by china provides Pakistan with ample opportunity to paramount commercial relations with Central-Asia republics. Furthermore, Pakistan reveals the prospect of symbolic transit fees; an opportunity to Pakistan public finance. The whole project would take at least 15-20 years for completion & if carried forward in an uninterrupted way, Pakistan would earn huge amount of dividends in long-run, because CPEC project worth estimated $ 32 billion would be financed by FDI through Chinese companies; hence not borne by Pakistan & the remaining $ 12 billion investment is by government to government loans. CPEC project will increase the employment opportunities into the backward district of Pakistan via providing the infrastructure & connectivity with the rest of the world especially the central-Asia, which entertain Pakistan economy in a win-win situation by stabilizing the economy politically & economically. Further, Chinese imperatives with CPEC project can be expedite with the observations that CPEC will reduce the distance & provide China an ease of oil supply via land-based oil supply port between Pakistan & China. This paper is reviewing & analyzing the CPEC Sindh-based projects especially in the areas of energy generation which are expected to be completed by 2020. It is also highlighting the importance of the Sindh province & determining the importance of the hub of Pakistan trade & the major contributor of Pakistan revenue that how the development in the province will leads to the development & growth of rest of the provinces of Pakistan. On another hand Chinese imperatives with CPEC project can be expedite with the observations that CPEC will reduce the distance & provide China an ease of oil supply via land-based oil supply port between Pakistan & China.

Published
2020-08-16