China Pakistan Economic Corridor: Challenges and Opportunities

  • Saba Sahar
  • Dr. Naghma Mangrio
Keywords: CPCE, Geo-Economics, Geopolitics, Sea Ports, OBOR, Cold War, Zero-Sum Game.

Abstract

Pak-China relations have been exemplary in the contemporary international politics. Both States have been maintaining strong ties in terms of diplomatic and military cooperation. However, the close economic cooperation has added a new dimension in the Pak-China all weather partnership. Over the years, China and Pakistan strategic cooperation has evolved at unprecedented level. In the year 2013, the Chinese President Xi Jinping proposed the construction of One Belt One Road (OBOR) that aims to connect China with West Asia, Central Asia, South Asia and Middle East. It is a bitter fact that, since 9/11 Pakistan has suffered in socio-political and especially in economic dimension. The regional security environment and rise of extremism and terrorism has resulted into the hampering economic development. Therefore, the CPEC project will prove to be game changer and when completed it will have deep impact on economic development of Pakistan in future. The CPEC provides an opportunity for Pakistan to stabilize its society and reshape its positive image at international level from fragile State to emerging economy in the South Asian region. The rise of China in economic sphere has been jealously seen by other developed countries while for Pakistan it has been a blessing factor. Thus, Pak- China strategic partnership entered into the new phase of economic cooperation that will certainly change the dynamics of the regional politics. This paper aims to discuss the multiple dimensions of CPEC its importance for Pakistan and China along with its internal and external challenges. Moreover, economic and security perspectives will be focused in detail. To fully understand the role of CPEC as driving force of economic prosperity, this paper discusses its potential as a game changer for both China and Pakistan. ___________

Published
2019-10-21
Section
Articles