In this respect, China-Pakistan Economic Corridor (CPEC) which is part of China’s One Belt, One Road (OBOR) or China’s Belt and Road Initiative (BRI) is rapidly developing. 9:56. 20 . These are the projects in the road sector that will take place to facilitate the CPEC project. CPEC is an acronym of China Pakistan Economic Corridor. This contribution has not yet been formally edited by Britannica. Articles such as this one were acquired and published with the primary aim of expanding the information on Britannica.com with greater speed and efficiency than has traditionally been possible. The project was launched on April 20, 2015 when Chinese President Xi Jinping and Pakistani Prime Minister Nawaz Sharif signed 51 agreements and Memorandums of Understanding valued at $46 billion. Pangjur, a district in the west of Balochistan, comprises three tehsils with a population of around 350,000. Originally valued at $47 Billion, the value of CPEC projects is worth $62 Billion as of 2020. The importance of CPEC to China is reflected by its inclusion as part of China's 13th five-year development plan. It is the shortest route of 2442 km than eastern route which is more than 3000 km. (adsbygoogle = window.adsbygoogle || []).push({}); CPEC is of great benefit, especially for Pakistani Economy. Gilgit Baltistan works department prepared a concept clearance proposal for the Skardu Yarqand road in January 2021. Questions or concerns? Its length will be 210 kilometers. This is a project that will benefit Pakistan a lot by boosting the economic activities. The CPEC does not only provide an economical trading route to China but also provides the Chinese a substitute for current Strait of Malacca route where 80% of China’s oil imports pass through this significant sea way. CPEC: Geo-strategic and economic significance. The annual revenue generated by this project will be about 70 billion dollars just in the form of tariffs. 28 20. This would reduce the time and cost of transporting goods and energy such as natural gas to China by circumventing the Straits of Malacca and the South China Sea. The goal of CPEC is both to transform Pakistan’s economy—by modernizing its road, rail, air, and energy transportation systems—and to connect the deep-sea Pakistani ports of Gwadar and Karachi to China’s Xinjiang province and beyond by overland routes. Latest Stories. Naveed Aman Khan THE western route of the China-Pakistan Economic Corridor (CPEC) is going to be completed by the end of this year along with other 11 mega projects which were initiated in 2015-16. It … Communist power of China’s in order to woo such ideologues is packaging silken route as route for Gazwat ul Hind so that there is no pre emptive reaction from wahabi radicals to sabotage faithless idea of communism. Filmstrip. CPEC Route has outspreaded vast chains of roads throughout Pakistan which will open doors to enormous business opportunities emanating revival of Pakistan’s economy. the estimated cost occurring on this project is of 1,305 million US dollars. The help in the completion of the Pak-Iran gas pipeline is also taking place with this money. This is a subpart of Peshawar to Karachi motorway. Hakla-D.I.Khan, having the length of 285 km with […] February 8, 2021. Up-gradation is also necessary for some of the roads that are not in good working condition. A new network for transportation is developed to facilitate the projects going on. The new route would be around 350km shorter than the existing routes via Khunjerab pass. Multiple energy projects are also initiated. CPEC will prove to be a gateway to prosperity for both countries as well as the region. The previous PML-N government had preferred the eastern route of CPEC over the western alignment. The promise by Nawaz Sharif resulted in temporarily cooling off the debate. It will have a length of about 110 KM. 14. Pakistan Current Affairs MCQs Pakistan Current Affairs MCQs 2021. The western route is definitely a part of CPEC. ISLAMABAD, Sep 19 (APP): The construction and land acquisition work on all portions of the Western Route of China Pakistan Economic Corridor is under way and the major work on the Route is expected to be completed by next year. Senate election: PM Imran questions ECP’s responsibility, transparency Cross-border network along CPEC routes: Hafeez-led body clears phase-II of Pak-China OFC project Patience is a virtue. Islamabad . Pakistan is located on the south Asia route to provide help in carrying goods. https://www.britannica.com/topic/China-Pakistan-Economic-Corridor, Council on Foreign Relations - Behind China’s Gambit in Pakistan, OMICS International - China Pakistan Economic Corridor: Prospects and Challenges for Regional Integration. Recommend 0. The details of all the other projects will be discussed in this article. CPEC | China-Pakistan Economic Corridor (CPEC) Official Website Develop By Ministry of Planning Development & Special Initiatives CPEC Secretariat 'P' block Pak-Secretariat, Islamabad,Pakistan. CPEC’s western route alignment near completion adminlogin — March 8, 2021 comments off Maintaining quality performance, The National Logistics Cell (NLC) is giving final touches to one of the most significant component of the China-Pakistan Economic Corridor’s (CPEC) western route alignment as more than 95 percent of work gets completed. Hakla DI Khan CPEC Route is a four-lane 285 Kilometers north-south motorway which is a part of CPEC infrastructural projects. These projects will cover a lot of energy needs in Pakistan. In the meantime, more information about the article and the author can be found by clicking on the author’s name. CPEC Routes, CPEC jobs, CPEC Pakistan: An up-to-date news feed featuring information from reliable sources, the CPEC News Blog is a one-step portal for CPEC Research, CPEC Progress Updates, Information on CPEC Projects and CPEC LTP (Long Term Plan). Pakistan is going to have another major route connecting China under the China-Pakistan Economic Corridor (CPEC), the alternate route would be around 350 km shorter than the existing routes via Khunjerab pass.