The China-Pakistan Economic Corridor (CPEC) has served as a significant component of the Belt and Road Initiative (BRI), focused on fostering inclusive development to alleviate poverty and reduce inequality. It has played a pivotal role in enhancing individuals’ financial capacity to meet tax obligations and strengthening governments ability to manage their debts effectively.
CPEC, as a flagship project within the BRI, exemplifies the principles of mutually beneficial cooperation and collective prosperity. It stands as a remarkable initiative towards forging a community of shared destiny between China and Pakistan. The project has resulted in a substantial influx of $25.4 billion in direct investments to Pakistan, alongside the generation of 236,000 job opportunities. It has also exemplified a commendable model of open, well-coordinated, and all-encompassing development, which has benefited every region and demographic of the country.
The successful development of Gwadar Port has further paved the way for a myriad of fresh economic prospects. The port is fully operational, actively managing cargo vessels, including facilitating transshipment trade for Afghanistan. Moreover, a thriving economic a free zone now stands, offering enticing incentives for both local and international investors particularly those from china and across the globe.