China Pakistan Economic Corridor- An Economy booster for Pakistan

Abstract

The study highlights the opportunities arising for Pakistan from China Pakistan Economic Corridor (CPEC) in different sectors including energy, manufacturing, trade and tourism. A structured questionnaire is used to get filled by different sources including businessmen, entrepreneurs involve in importing and exporting, workers from energy sector and engineers. Results are calculated through SPSS. The study provides wide options to the potential businessmen to grow their business with the help of this fruitful project. According to the results concluded CPEC provides Pakistan an option to boost its market through foreign trade as Baluchistan will become a Trading Hub. There are many chances for tourism sector to grow and flourish the market as improved infrastructure will attract foreigners. Successful completion of the project may help us to stabilize our political environment, many countries including India are not in favor of the project and it is a chance for our political parties to get united for the nation cause. While at the other hand to improve its energy shortfall Pakistan need to wait few more years, the benefit will be obtained gradually not immediately Overall CPEC is a good sign for the economy of Pakistan.

Keywords: CPEC, Baluchistan, Tourism, Economy, Energy