Tuesday, 26 November 2019

Pakistan and China Corridor.

CPEC corridor is a game-changing project between both countries. The corridor of CPEC is providing the biggest opportunity for the people of Balochistan. When both country launch project then positive and negative appears after spend some time. China province Xinjing is situated with the border of Pakistan and Afghanistan. on the other hand, the population of this province is too much and people are unemployed so china contracted with Pakistan, we and you launch project CPEC because when this project will complete then the economy of both countries will going in a good way.

Both countries have spent billions of dollars on this project. According to the official report, 20% of CPEC is debt-based finance, while both countries have spent 80 %. CPEC is providing 40,000 jobs for local Pakistani and 80,000 jobs for local Chinese people.
According to analysts, if the Pakistani government some dollars will spend on roads, railway and ports then Pakistan 60Billion dollars can earn and you can reduce poverty from Pakistan. When this project will complete then the surrounding areas will develop. Gwadar is the biggest port in Pakistan. Many countries are living far off from SEA and for the purpose of trading they are using Pakistani earth for reached on the Sea. Pakistan allows all the countries you can use Gwader port for trading.

According to china daily report, Pakistan will make 16,400 MW electricity. CPEC route will provide many benefits for both countries when china will use CPEC route then he could save 2 billion rupees in the term of oil. Currently, china's travel route is 4457 KM but when CPEC will build then travel distance is 2442KM. on the other hand, Pakistan will increase the GDB rate of 2% every year while Pakistan would return a foreign debt to the World Bank and I.M.F. the economy of Pakistan will boost up and poor regions will develop. Gwadar is situated in northern areas and the infrastructure is very egregious but now the infrastructure is developing and both governments are making roads every day.
The negative thing is when Chinese people will be living in Gwadar areas then he will promote his language and introduce different food then we will think about tradition. In the era of 19th, East India Company came in Karachi for the purpose of trade but after spending some time he had been occupied on Karachi. Now the time is repeating after spending some time Chinese will occupy on Baluchistan.

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