Pak-China Economic Corridor (PCEC)THE FIRST STEP TOWARDS BRIGHT FUTURE.

BY: - MUHAMMAD UMAR SAEED (14-MCT-22)

China- Pakistan Economic Corridor

Historical Background

The project was proposed by Chinese Premier Li Keqiang during his visit to Pakistan in May 2013.

The Pak-China Economic Corridor Secretariat was inaugurated in Islamabad on 27 August 2013. In February 2014.

The vision for an economic route stretches as far back as the Musharraf era.

Projects in PCECProject Detail

Gwadar Port Completed, handed over to China for 40 years starting 2015.

Karachi - Lahore Motorway (KLM) Approved, Construction to begin 2015.

Havelian to Khunjrab Rail track Approved.

Hazara Motorway Under construction

Economic Corridor Support Force Completed, armed division of the army for security of workforce, cost $250 million.

720MW Karot Hydropower Project Approved.

Development of Private Hydro Power Projects Approved.

Dawood Wind Power project Approved.

Cross-border fiber optic data communication system project, a digital terrestrial multimedia

broadcast pilot project at Murree

Approved.

Pakistan & China Sign Agreement for Gwadar

Kashghar Link

Power Project Details

As you know that Pakistan is suffering

from energy crises. The PCEC will help us to

get out from this energy

crises. The power

projects with

respect to provinces

are.

• Baluchistan 5000+MW

• Punjab 5000+MW• Sindh 10000+MW• KPK 10000+MW

Gwadar Sea Port

Historical Background Of Gwadar Port

On 8 September 1958, Pakistan purchased the Gwadar enclave from Oman for $1 million by Karim Aga Khan.

In 1993, the Government of Pakistan formally conceived the plan to develop Gwadar into a major port city

Phase I of Gwadar Port was completed in March 2007. Gwadar Port was inaugurated on 20 March 2007.

Strategic Importance Of Gwadar Port

Gwadar is strategically located on the western end of Baluchistan.

Pakistan could earn millions of dollars a year in terms of port and cargo handling charges and also as freight charges for import cargoes and export goods.

How PCEC plan will be executed

Joint Group of Pakistan and China will be made.

From Pakistan Minister of Planning, and Development Reforms.

From China National Development Reforms.

Working Group will be formed.

These working group physically check the project feasibility.

All provinces will present their projects to working group.

Meeting in China

Benefits Of PCEC

The relationship between China and Pakistan will be more strong.

It helps to stable the economy of Pakistan.

The Import and export of Pakistan will increase.

The Power capacity will be increase.

Direct Investment will come in Pakistan.

New business and industry come in Pakistan.

The rate of unemployment will be decrease.

The Gwadar port will be upgraded.

Roads, Railway, Aviation and Data Transfer will be upgraded.

The Route Overview

Major Cities in PCEC

According to business analyst “ The move represents a shift toward greater economic cooperation between Pakistan and China, which have long had close security ties amid common disputes with neighboring India. The corridor would give China access to the Indian Ocean and lead to investments that would help ease power shortages that are hindering economic growth in Pakistan. ”

Bloomberg Business on April 1, 2015.

“ The main consultant firm of the Gwadar development phases, low-cost land and labor are available, there is proximity to oil and gas resources and Gulf countries, there are some agricultural and mineral resources, while there could be tax-free status for investments and trade. The Gwadar Port is expected to generate billions of dollars in revenues and create at least two million jobs. “

Arthur D. Little (Malaysia),.

Thank YouANY QUESTION?