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Mapping Business opportunities under CPEC

by PRIME Institute

Mapping Business opportunities under CPEC

The China-Pakistan Economic Corridor (CPEC) is being developed as part of the strategic partnership between the governments of China and Pakistan. In principle, understanding on building the economic corridor from Pakistani port city of Gwadar to the Western Chinese city Kashgar was developed in 2007 between China and Pakistan but it was formally announced during the visit of Prime Minister of Pakistan to China in July, 2013. CPEC is around 2,700km long within the territory of Pakistan, crossing snow-caped mountains, narrow valleys, lush green fields, sand dunes and dry hills. In addition, the corridor provides Chinese traders a link to deliver their goods to the international markets through the Gwadar Port. The $46 billion CPEC presents a package of energy, communication and infrastructure projects, knowledge and technology cooperation, cultural exchange, and many other facets of “shared prosperity” between China and Pakistan.