China-Pak Economic Corridor: Social Analysis for Pakistan

Abstract

In this millennium Economic Corridors (ECs) are lynch excels for the development of any country. As compared to other countries, China is more reliable and all weather partner of Pakistan without any interference. Over the years, both the countries have developed strong bilateral trade and economic collaboration. Economic Corridor from Gwadar to Kashgar through rail and road connections would be the great source of change and development in the region. Furthermore, it will provide the best and the shortest supply route to China as well as land locked countries of the central Asia. CPEC provides a unique opportunity for Pakistan to bolster its strategic and economic position coupled with many social benefits. It could also serve equally to Pak-China interests. This research is explanatory research therefore, secondary data from different sources: that was available but needed to be explained is being utilized. The main aim of the research is to analyze the benefits of Economic corridor and formulate suggestions for its betterment. Tax free industrial states may cater more foreign investors around the economic corridor. This connectivity project is expected to generate millions of direct and indirect jobs. Similarly, local people must be involved in economic benefits of EC for long term achievements of project goals.