23 April,2020

               CPEC IMPORTANCE TO CHINA
•Chinese industries are facing problem to compete in global market due to high transportation cost and delivery time.
•It would decrease the travel distance and cost greatly from China to Gulf.
•Even if China uses CPEC for 50% of its oil supplies then it will save $6 million every day. • Independent path from USA and India’s interference.
•New business market in another country.

             CPEC IMPORTANCE TO PAKISTAN

•Strategic and economic trade routes

•Development of infrastructure

•Connect all the provinces

•Development of FATA, KPK and Baluchistan

•Job opportunities

•Equalization among all provinces

•Import and export of Pakistan will increase

•The Power capacity will increase

•Gwadar Port will be upgraded 

•Roads, Railways, Aviation and Data Transfer will be upgraded.

           DISADVANTAGES OF CPEC

•FTA leads to threat for local markets and local manufactures

•Disturbance of local industries

•Difficult to compete Chine’s product in market

•Increase the ratio of unemployment

•Dependence on China 

•Work stopped on 5 Chinese power projects in Punjab that generated 6600 MW, though Pakistan’s installed capacity is 22,800 MW to meet current demand of 19,000 MW, it produces only 12,000 MW.