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Chinese Economic Development Model and CPEC
China-Pakistan Economic Corridor (CPEC) is a strategic economic project aiming at increasing regional connectivity for the economic development of Pakistan and China. It is not only expected to be beneficial for Pakistan and China but is also expected to have positive spillover effects to other neighboring countries by enhancing the geographical connectivity of Pakistan with landlocked Central Asian states. More than US$46 billion will be invested in Pakistan's power, infrastructure, industrial and agriculture sectors under the CPEC. With the reduction in power outages due to enhancement in electricity generation capacity and investment in other production sectors of the economy, GDP growth rate of Pakistan is targeted to increase to 7.5% by 2030 with the addition of about two million jobs in the job market.

Aug 25, 2021 10:00 AM in Islamabad, Karachi, Tashkent

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