[298] The current Transit Trade Agreement provides Afghanistan access to the Port of Karachi to conduct export trade with India, and allows Afghan goods to be transited up to any border of Pakistan, but does not guarantee Afghan trucks the right to traverse the Wagah Border, nor does the agreement permit Indian goods to be exported to Afghanistan via Pakistan. (CPEC), launched in 2015, is a “game chan ger” for the country’ s ailing economy. [175], As an example, the 1,223 MW Balloki Power Plant does not fall under the concessionary loan rate of 1.6%, as the project is not being developed by the Pakistani government. The two sides also discussed the way forward for effective and timely implementation of various projects under CPEC. Also an opportunity to outflank a rival in, South Asia. A French parliamentary delegation would prepare recommendations to the French Parliament about China-Pakistan Economic Corridor (CPEC) to draw a conclusion whether "it is the Chinese regional hegemonic agenda or a step towards greater regional connectivity." The project should not be confused with the $2 billion 1,100 kilometre North-South Pipeline liquified natural gas pipeline which is to be constructed with Russian assistance between Karachi and Lahore with anticipated completion by 2018. Instead, it is considered to be a private sector investment as its construction will be undertaken by a consortium of Harbin Electric and Habib Rafiq Limited after they successfully bid against international competitors. [162] The route towards northern Pakistan roughly parallels the Indus River, as opposed to the ML-1 which takes a more eastward course towards Lahore. Study evaluates the impact of CPEC activities on energy consumption. [281] The Asian Development Bank stated "CPEC will connect economic agents along a defined geography. ECNEC approved the project on 5 August 2020. In addition to potential weaknesses in regards to the United States' Navy, the Indian Navy has recently increased maritime surveillance of the Straits of Malacca region from its base on Great Nicobar Island. [239] The two nations also agreed to increase co-operating between the banking sectors of the two countries, as well as to establish closer ties between China Central Television and the Pakistan Television Corporation. [431] Shortly thereafter, the Pakistani government announced its intention to establish a training institute named Pak-China Technical and Vocational Institute at Gwadar which is to be completed at the cost of 943 million rupees to impart skills to local residents to train them to operate machinery at the port. [269] The Pakistani media and government have called CPEC investments a "game and fate changer" for the region,[270][271] while both China and Pakistan intend that the massive investment plan will transform Pakistan into a regional economic hub and further boost the deepening ties between the two countries. [238], As part of CPEC, the two countries signed an Economic and Technical Cooperation Agreement,[239] as well as pledged to "China-Pakistan Joint Cotton Bio-Tech Laboratory"[239] The two countries also pledged to establish the "China-Pakistan Joint Marine Research Center" with State Oceanic Administration and Pakistan's Ministry of Science and Technology[239] Also as part of the CPEC agreement, Pakistan and China have agreed to co-operate in the field of space research. Most of this section of roadway was completed in September 2012 at a cost of $510 million. [185], SK Hydro Consortium is constructing the 870 MW Suki Kinari Hydropower Project in the Kaghan Valley of Pakistan's Khyber Pakhtunkhwa province at a cost of $1.8 billion,[186] SK Hydro will construct the project with financing by China's EXIM bank. [121], The CPEC project envisages an expanded and upgraded road network in the Pakistani provinces of Balochistan, Khyber Pakhtunkhwa, and western Punjab Province as part of the Western Alignment. Conclusion. [424], In December 2017, it was reported that as per the Gwadar Port agreement, the Chinese companies would get 91 per cent but the Gwadar Port Authority would get only 9 per cent of revenue. [65] In January 2017, Chief Minister Pervez Khattak of Khyber Pakhtunkhwa stated that he had received assurances from Chinese investment companies that they would invest up to $20 billion for projects. At the conclusion of the All Parties Conference (APC) on January 16, 2016, Prime Minister Nawaz Sharif set a two and a half years deadline for the completion of the western route which would be personally monitored by the Prime Minister who has also formed a high-powered 11-member committee to hold periodic consultations with the provinces on matters pertaining to the CPEC. Though terrorism-related deaths declined in Pakistan as a whole in 2016, the toll rose slightly in Baluchistan,[370] where Tehrik-i-Taliban militants maintain a degree of subversive capability. ), Stories & Experiences of Recommended Candidates in SSB Interview, ✍ March 2020 Current Affairs - The Hindu Review, ✍ February 2020 Current Affairs - The Hindu Review, ✍ January 2020 Current Affairs - The Hindu review, ✍ December Current Affairs - The Hindu Review, ✍ November Current Affairs - The Hindu Review, ✍ October Current Affairs - The Hindu Review, ✍ September Current Affairs - The Hindu Review. Improvement projects on this section are expected to be completed by January 2017 at a cost of approximately $72 million. [196], In Balochistan province, a $970 million coal power plant at Hub, near Karachi, with a capacity of 660 MW to be built by a joint consortium of China's China Power Investment Corporation and the Pakistani firm Hub Power Company as part of a larger $2 billion project to produce 1,320 MW from coal. [335], While agreements have specifically cited improvements for Afghan connectivity to the world as a benefit of Indian investment in the region,[336] Afghanistan's politically instability could limit the potential usefulness of transit corridors to population centers near Kabul or Kandahar,[337] as those routes traverse southern and eastern Afghanistan, where the Taliban is most active. [217] The first 660 MW reactor was commissioned in November 2017. The CPEC will not only solve the problems faced due to transportation and communication but will also diversify the source of income for the people of Gilgit-Baltistan. “We should deepen practical cooperation in agriculture, forestry, poverty alleviation, tourism, national governance systems and finance,” she … Conclusion. Pakistan stands to gain due to upgrade of infrastructure and introduction of a reliable energy supply. [268] CPEC is considered economically vital to Pakistan in helping it drive economic growth. In this context, objective of this study is to forecast the impact of CPEC related economic activities on overall and sectoral … [131] The first portion of the N50 to be upgraded will be the 81 kilometre portion of the N50 between Zhob and Mughal Kot, with construction works having begun in January 2016. [218], Liquefied natural gas power LNG projects are also considered vital to CPEC. How to impress Interviewing Officer in SSB Interview ? - … Burhan will also be at the intersection of the Eastern Alignment, and Western Alignment. This study also provides important guidelines for CPEC policymakers and officials. [314], Under the agreement, India Ports Global will refurbish a 640 meter long container handling facility, and reconstruct a 600 meter long berth at the port. In the same month a seven-member delegation of Senators visited China. Although not officially under the scope of CPEC, the 1,223 MW Balloki Power Plant, and the 1,180 MW Bhakki powerplants have both been completed in mid-2018,[226][227][224][228] which along with the 969 MW Neelum–Jhelum Hydropower Plant completed in summer 2018 and 1,410 MW Tarbela IV Extension Project, competed in February 2018,[229] will result in an additional 10,000 MW being added to Pakistan's electricity grid by the end of 2018 with a combination of CPEC and non-CPEC projects. [34] CPEC is seen as the main plank of China's paramount leader Xi Jinping's Belt and Road Initiative. [127] The motorway will traverse the Sindh Sagar Doab region, and cross the Indus River at Mianwali before entering into Khyber Pakhtunkhwa province. Official statistics suggested a return of US$6 billion to 8 billion from taxes per annum such as road and bridge tolls. Both countries [China and Pakistan] have a common intention to undermine India`s position in the region. India in 1991 agreed to allow the Neelum-Jhelum project to move forward,[447] despite the project's location in territory which India legally considers as its own. The Chinese government has announced its intention to build a $2.5 billion 711 kilometre gas pipeline from Gwadar to Nawabshah in province as part of CPEC. ", "The Need for Haste on Pakistan-occupied Kashmir: China Pakistan Economic Corridor Needs a Counter Strategy", "India raises objections over China-Pakistan Economic Corridor", "Why India should not worry about China-Pakistan ties", "Raised concerns over China-Pakistan Economic Corridor: VK Singh", "India Snubbed: Pak-China Initiate CPEC Project in Gilgit-Baltistan", "India and the CPEC project: to oppose or not to oppose? Team RAG-IV • Mr. Asad Ullah Larik (Pakistan Customs … Conclusion CPEC is the important project which is not possible without improved security condition in Baluchistan. [257], The $44 million Pakistan-China Fiber Optic Project, an 820 km long fibre optic wire connecting Pakistan and China, will be constructed using concessionary loans at an interest rate of 2%, rather than the 1.6% rate applied to other projects.[258]. The provinces and cities along the coast of China in East China, South China, and Yellow seas are extensively populated and developed than the Western Cities and Provinces especially the Autonomous Region of … It includes: adamjeecoaching.blogspot.com CPEC seems more like a Chinese project; the benefits are heavily loaded towards China, with Pakistan benefiting because it happens to be “part of the geographical terrain”. [124] The newly reconstructed Karakoram Highway will connect to the Western Alignment at Burhan, near where the new 285-kilometre-long controlled-access Brahma Bahtar-Yarik Motorway will commence. [460] Indian National Congress leader Manish Tewari said that if ultimately the CPEC is going to threaten India, then it should be opposed.[461]. [60], The first convoy from China arrived in Gwadar on 13 November 2016, thereby formalizing operation of CPEC. In this context, objective of this study is to forecast the impact of CPEC related economic activities on overall and sectoral energy consumption and their saving potential in Pakistan by 2030. [415], The federal Minister of Planning Development and Reform Ahsan Iqbal formally denied any change in the alignment. CPEC is an unprecedented initiative in the history of the Pakistan-China friendship, but in business interests are what matter. The KKH spans the 887-kilometer long distance between the China-Pakistan border and the town of Burhan, near Hasan Abdal. [81], The city of Gwadar is further being developed by the construction of a 300 MW coal power plant, a desalinization plant, and a new 300-bed hospital. [27] An estimated 10,400 MW of electricity are slated for generation by March 2018 as part of CPEC's "Early Harvest" projects. The Western Alignment will be flanked by special economic zones along its route,[139] with at least seven special economic zones planned to be established in Khyber Pakhtunkhwa. Apparently these conditions were unacceptable to. [123], The Western Alignment roadway network will begin at the Barahma Bahtar Interchange on the M1 Motorway near the towns of Burhan and Hasan Abdal in northern Punjab province. Which means that they are released in portions. There is no doubt that CPEC is at the moment one of the greatest mega project active in the entire world. BBC News. [433][434], While nationalists openly oppose CPEC, some local leaders and residents of Gwadar city have also expressed concern in regards to the project – the head of Gwadar's local fisherman association stated in an interview with NBC News that "Development is good, China is our great friend, this CPEC thing sounds amazing, but don't forget that this is our land, first. Pakistan government has given Chinese firms a number of tax concessions across the entire CPEC projects, as compensation for working in troubled zones. [30] As a result of improved infrastructure and energy supplies, the Pakistani government expects that economic growth rates will reach 7% by 2018. [95][105] 90% of the project's cost is to be financed by concessionary loans from China, with the remaining 10% to be financed by the government of Pakistan. [26], Over $33 billion worth of energy infrastructure are to be constructed by private consortia to help alleviate Pakistan's chronic energy shortages,[27] which regularly amount to over 4,500MW,[28] and have shed an estimated 2–2.5% off Pakistan's annual gross domestic product. [85], In 2020, Government[which?] [92] Construction on the first section between Shinkiari and Thakot commenced in April 2016 jointly with construction of the Havelian to Shinkiari 4-lane dual carriageway further south. According to the intelligence reports, Pakistan is fast-tracking conclusion of the CPEC projects by launching a crackdown on human rights activists of Gilgit-Baltistan and Baloch nationalists and for this purpose, the Pakistani army is raising special formations. [42] Chinese interest in Pakistan's deep-water harbor at Gwadar had been rekindled by in 2002 China began construction at Gwadar port which was completed in 2006. [215][216] Pakistan's NEPRA and SinoHydro agreed to set the levelized tariff for electricity purchased from the consortium at 8.12 US cents/kWh. "[457], Despite objections, segments of the Indian public, as exemplified by former Indian Ambassador Melkulangara Bhadrakumar, regard the project as in India's interest vis-à-vis Central Asia, and warn that India might "lose heavily" were India to remain opposed and isolated from the project. CPEC was marked with relatively slow economic cooperation. Besides, by 2030 Pakistan would have to pay back $90 billion and this would be an additional burden on the state. ", "Hurdles in Gwadar Port development removed: minister", "PM Modi told China, Pakistan economic corridor unacceptable: Sushma Swaraj", "China-Pakistan Economic Corridor 'unacceptable', Modi tells China", "India Lodges Protest over Chinese Investments in PoK", "India raises CPEC, NSG concerns with top Chinese envoy", "Gilgit Baltistan: Pakistan's Growing Travails and India's Inexplicable Silence", "China's Kashmir Gambit Raises Stakes in India-Pakistan Dispute", "China has established its presence across PoK", "Why China is setting up military bases in PoK", "Increasing Chinese Footprint in India's North West: What should India do? M-15 will not be financed by CPEC funds. Benefits in terms of more jobs, and an economy which is delivering and thereby improving their quality of life and expanding opportunities for them and their children. The Afghanistan–Pakistan Transit Trade Agreement of 2010 provided Pakistan access to Central Asia via Afghanistan; however, the full agreement has yet to be fully implemented. optic link between Pakistan and China that covers the entire country and reaches Gwadar is now part of CPEC. [436], In response to concerns of local residents, Lt. General Amer Riaz who currently Researcher Zahid Hussain ERP # 06738 EMBA-1 (Section-I) (January, 2016) 1 2 SECURITY OF CHINA-PAKISTAN ECONOMIC CORRIDOR ‘If ‘One Belt, One Road’ is like a symphony involving and benefiting every country, then construction of the China-Pakistan Economic Corridor is the sweet melody of the symphony’s first movement.’ —Wang Yi, China’s foreign Minister "[435] Other residents doubt they will see any of the benefits promised by CPEC, while others fear they will be evicted from their homes in order to make way for infrastructure works. Political turbulence, foreign debt limits and the Covid-19 pandemic have all come together to slow down Chinese investment in Pakistan as Beijing holds off on projects under the $62 billion China-Pakistan Economic Corridor (CPEC), including a $6.1 billion railway renovation plan. Big loss for India. [292][293] Were conflict to erupt, India could potentially impede Chinese imports through the straits. released funds of Rs 320 million for a seawater desalination plant at Gwadar, with a capacity of five million gallons a day. [134] In January 2016, The United Kingdom's Department for International Development announced a $72.4 million grant to Pakistan for roadway improvements in the province of Balochistan, thereby reducing the total Asian Development Bank loan from $195 million to $122.6 million. It is the largest investment Pakistan has attracted since independence and largest by China in any foreign country. Under the proposed project medical blocks, nursing and paramedical institutes, medical college, central laboratory, and other allied facilities are to be constructed with the supply of medical equipment and machinery. Portions of the approximately $6.6 billion[106] Karachi–Lahore Motorway are already under construction. CPEC: Progress and Prospects I. [380] Pakistan's Secretary of Defense Lieutenant General Alam Khattak stated in April 2016 that the arrest of Kulbhushan Yadav indicated Indian interference in CPEC, and further alleged that India's Research and Analysis Wing, in collusion with Afghanistan's National Directorate of Security, had set up a dedicated espionage unit with express intent to sabotage CPEC. [157] As part of the first phase of the CPEC railway project, the remaining stretch of track between Shahdara and Peshawar is to be upgraded to a dual track railway. CPEC 1. Medium term plans for the Main Line 3 (ML-3) railway line will also include construction of a 560 kilometer long railway line between Bostan near Quetta, to Kotla Jam in Bhakkar District near the city of Dera Ismail Khan,[164] which will provide access to southern Afghanistan. [287], In the event that China were to face hostile actions from a state or non-state actor, energy imports through the Straits of Malacca could be halted, which in turn would paralyse the Chinese economy in a scenario that is frequently referred to as the "Malacca Dilemma". Recently, scholars have shown a great interest in researching the eminence of CPEC. [17] The Karachi–Peshawar main railway line will also be upgraded to allow for train travel at up to 160 km per hour by December 2019. It was built by a joint venture of two Chinese firms: the Huaneng Shandong company and Shandong Ruyi, who will jointly own and operate the plant. [78], The special economic zone will be completed in three phases. Expected commercial operation date (COD) 2026. Published in Dawn, December 31st, 2020 Advertisement [4] Originally valued at $47 Billion, the value of CPEC projects is worth $62 Billion as of 2020. He is an expert on Japan, China, and East Asian affairs. [200] Pakistan will purchase electricity from the consortium at a tariff of 8.36 US cents/kWh. The project will instead be financed by the Asian Development Bank. The importance of CPEC to China is reflected by its inclusion as part of China's 13th five-year development plan. [97][98] The next 335 kilometres of roadway connect Raikot to the China-Pakistan border. [379] Former Chief of Army Staff General Raheel Sharif in April 2016 accused India's Research and Analysis Wing of destabilizing Pakistan in an attempt to disrupt and stymie implementation of various CPEC projects. The CPEC has been hailed by many as a game changer that would help integrate Central Asia, South Asia and the Middle East, as well as, rejuvenate Pakistan’s debilitated economy. [35], According to official statistics, 20% of CPEC is debt-based finance,[36] while 80% of CPEC are investments in Joint Ventures (JV) enterprise between Pakistan and China,[37] with the project contributing to 40,000 jobs for local Pakistanis and 80,000 jobs for Chinese. Mushahid Hussain, chairman of the Pakistan-China Institute, told China Daily that the economic corridor "will play a crucial role in regional integration of the 'Greater South Asia', which includes China, Iran, Afghanistan, and stretches all the way to Myanmar. Gwadar-Nawabshah LNG terminal and pipeline project, Commercial operation date (COD) 16 June 2017, Operational, Commercial operation date (COD) attained 11 April 2017, Operational, Three Gorges Second and Third Wind Power Projects (100 MW), Commercial operation date (COD) attained 9 Jul 2018, Operational, Western Energy (Pvt.) [190] On 14 November 2017, Pakistan dropped its bid to have Diamer-Bhasha Dam financed under the CPEC framework. [31], The Pakistani portion of the pipeline is to be constructed by the state-owned China Petroleum Pipeline Bureau. In May 2016, Indian Prime Minister Narendra Modi and his counterpart, Iranian President Hassan Rouhani, signed a series of twelve agreements in Tehran, in which India offered to refurbish one of Chabahar's ten existing berths, and reconstruct another berth the Port of Chabahar,[306] in order to allow Indian goods to be exported to Iran, with the possibility of onward connections to Afghanistan and Central Asia. "[437] Pakistan's Minister of Planning, National Reforms, and Development, Ahsan Iqbal, further stated in May 2016 that Gwadar residents would be regarded as "main stakeholders" in the city's master plan, and that fishermen specifically would also be accommodated by the plan. In November 2017,pakistan announced the withdrawal of Bhasha Diamer Dam project from the ambit of. CPEC Development and Pakistan's Political Mindset", "Kashghar-Gwadar trade route: KP Assembly passes unanimous resolution against proposed changes", "KP Assembly threatens to resist any change in route", "Pak-China Economic Corridor: Senators issue ominous warning over route change", "Future of China-Pakistan Economic Corridor bleak? The Chinese investment plan for an economic Corridor from Kashgar through Gilgit- Baltistan to Gwadar, promised twice as much FDI that Pakistan had received since 2008. Sections of the N-35 around these projects will be completely rebuilt in tandem with dam construction. Through CPEC, the distance of china from Gulf would come down to 2500 KM from 13000 KM and time would be reduced from 45 days to 10 days after the completion of CPEC.
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