According to Beijing (NEPP) China Pakistan Economic Radiation Scheme, 19 projects have been completed in Pakistan under China-Pakistan Economic Corridor (CPEC) for $18 billion.
Out of these projects, 11 are related to the energy sector in particular. Reports from the Chinese media state that China has started exporting projects under the Economic Rally, which has benefited both countries.
Furthermore, China has offered Pakistan citizens’ agreements under the China Economic Corridor and 60,000 people are being provided. The realization of the China Pakistan Economic Corridor is now bringing about win-win results.
About CPEC
China–Pakistan Economic Corridor is a collection of infrastructure projects that are currently under construction throughout Pakistan. Originally valued at $46 billion, the value of CPEC projects is now worth $62 billion.
CPEC is intended to rapidly modernize Pakistani infrastructure and strengthen its economy by the construction of modern transportation networks, numerous energy projects, and special economic zones.
On 13 November 2016, CPEC became partly operational when Chinese cargo was transported overland to Gwadar Port for onward maritime shipment to Africa and West Asia.
