China Pakistan Economic Corridor; Gwadar Port
CPEC;Centre of the World
The China Pakistan Economic Corridor runs through one of the most important and central geo-strategic locations in South Asia. Gwadar is the largest and deepest sea port in this part of the world, also its natural layout and depth enables the largest tonnage ships to dock there, a characteristic which is absent in Dubai and Chahbahar ports. Projects encompassing the CPEC were worth $46 billion initially, this being the largest investment by China in a foreign country. The amount is equal to a fifth of Pakistan’s GDP and more than twice the total amount of direct foreign investment here since 2008. The plan is to use 35 to 38 billion US dollars on energy projects and the rest on development of infrastructure, according to a report placed on the website of China’s State Council Information Office. It specifies $11.6 billion allocated for the Khyber Pakhtunkhwa province, $11.5 billion in Sindh, $7.1 billion in Balochistan and $6.9 billion in Punjab. Gilgit Baltistan is the g...
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