Be the First to Know

lanka matrimony

China-Pakistan Economic Corridor promises growth, prosperity

0 0

The China-Pakistan Economic Corridor (CPEC), a flagship project of the Belt and Road Initiative (BRI), embodies the vision of regional connectivity and a people-focused development model. Gwadar Port, the centerpiece of this initiative, showcases the profound ambition of this project. The BRI, which aims to rejuvenate the historic Silk Road, plays a crucial role in China’s foreign policy, with participation from over 150 countries, representing 75 percent of the global population.

CPEC has significantly transformed Pakistan’s infrastructure and economic landscape. It has been instrumental in enhancing connectivity and trade between Pakistan and China, resulting in substantial infrastructure development. These advancements include highways, ports, and energy projects that have improved transportation, energy efficiency, and the lives of millions in Pakistan by creating employment opportunities and improving resource access.

The first phase of CPEC saw several key developments, such as the completion of the KKH Phase-II road project, focusing on infrastructure, energy, Gwadar port development, and enhancing people-to-people connectivity. The ongoing second phase marks a shift towards industrialisation, agricultural modernisation, socio-economic development, and advancements in science and information technology, building on the investments made in the initial phase. (CGTN)

 

The post China-Pakistan Economic Corridor promises growth, prosperity appeared first on DailyNews.

Leave A Reply

Your email address will not be published.