Why China Is Investing In Pakistan? China - Pakistan Economic Corridor CPEC (China-Pakistan Economic Corridor) enormously significant bilateral project for both Pakistan and China worth $62 billion , which is to improve the infrastructure of Pakistan for better accessibility of trade with China and to integrate the countries of other regions. CPEC project launched on April 20, 2015, when Chinese President Xi Jinping and Pakistani Prime Minister Nawaz Sharif signed 51 Agreements and MoU valued at $46 billion The main aim of China to invest in Pakistan’s economy [CPEC] is to modernize Pakistan’s transportation system, railways, airports, and energy sector and to get the connectivity of Pakistan’s two deep sea ports Gwadar and Karachi [Also China has taken the Gwadar port land from Pakistan on 40 years lease] and to construct BELT and ROAD project which provide the ultimate accessibility to CHINA and can make it an ...
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Showing posts from May, 2022