The China Pakistan Economic Corridor (CPEC) is a collection of projects currently under construction at a cost of $46 billion which is intended to rapidly expand and upgrade Pakistani infrastructure, as well as deepen and broaden economic links between Pakistan and the People’s Republic of China. The corridor is considered to be an extension of China’s ambitious proposed 21st century Silk Road initiative, and is considered central to China–Pakistan relations.
While economic opportunities and development will largely benefit Pakistan, CPEC’s importance to China’s geopolitical and economic goals is reflected by the inclusion of the project as part of China’s 13th five-year development plan. Should all the planned projects be implemented, the value of those projects would be equal to all foreign direct investment in Pakistan since 1970, and would be equivalent to 17% of Pakistan’s 2015 gross domestic product. Pakistan estimates the corridor project will create some 700,000 direct jobs between 2015–2030 and add up to 2.5 percentage points to the country’s growth rate.
COAS Raheel Sharif on CPEC And RAW’s Tactics To Destabilize it
Chief of Army Staff General Raheel Sharif said on Tuesday that the India’s premier spy agency was blatantly involved in destabilising Pakistan as well as and the multibillion-dollar China-Pakistan Economic Corridor.
“Hostile intelligence agencies averse to this grand project [CPEC], especially Indian intelligence agency RAW [Research and Analysis Wing] which is blatantly involved in destabilising Pakistan,” the COAS was cited as saying at the seminar titled, Peace and Prosperity in Balochistan and CPEC, held in Gwadar.
According to the Inter-Services Public Relations (ISPR), the army chief said he would not leave any stone unturned to make the economic corridor a regional success.