Syed Ali Nawaz Gilani<\/p>\n
The history of economic cooperation between China and Pakistan is as old as its friendship. Diplomatic relations between Pakistan and China established in May 1951<\/p>\n
The China Pakistan Economic Corridor (CPEC) a flagship project of Chinese President Xi Jinping\u2019s dream Belt & Road Initiative (BRI), commonly known as a source of economic development for social development and prosperity.
\nThe collective value of projects under the auspicious of CPEC is more than US$ 62 Million. The initiative intends to further improve the Pakistan\u2019s economy by enhancing its infrastructure including modern transportation networks, energy projects and special economic zones across Pakistan.
\nDuring a visit to Rashkai Special Economic Zone (RSEZ) Prime Minister Shahbaz Sharif once again mentioned about the Sino-Pakistan Relations and consider CPEC as a fruit of these time tested relations for the prosperity of Pakistan.
\nAt that occasion Ambassador in Pakistan Madam Pang Chunxue, Khyber Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC)\u2019s CEO Javed Iqbal Khattak, General Manager-Pakistan China Road & Bridge Corporation Group (CRBC) LynMing. Dr. Ahsan Iqbal Federal Minister for Planning, Development and Special Initiatives, Maulana Asad Mahmood Federal Minister for Communications, Dr. Shehzad Khan Bangash Chief Secretary, Khyber Pakhtunkhwa and signatories of NTDC, BOI and SNGPL were also present.
\nAccording to PM:\u201dWe would like to engage Chinese companies to provide expertise and experience to manage other new economic zones in Pakistan,\u201d
\nTherefore the second phase of CPEC will comprised regional cooperation and industrialization through establishing industrial zones.
\nThrough that zone Pakistan\u2019s skilled and semi-skilled labor was comparatively cheaper and the joint venture of Chinese technology and Pakistan\u2019s labor and investment would help the two countries make production at competitive rates and export their products to other countries.
\nThe first phase of CPEC featured road and energy projects to meet Pakistan\u2019s power needs that transformed friendly relations into unique ones where people-to-people contacts had seen a new phase. On other hand in the form of CPEC, Pakistan had been the first beneficiary of the Belt and Road Initiative (BRI).
\nAccording to Prime Minister Shahbaz Sharif CPEC is lifeline for Pakistan\u2019s economic development and road to success; that is why federal & provincial governments should work hard for the success of this initiative. Prime Minister Shahbaz Sharif offers all assistance and help to Chinese Entrepreneurs to establish their units in SEZs.
\nSame like that KPEZDMC and CRBC teams briefed the economic zone on the development work, the marketing strategy adopted to promote the zone, the enterprises currently operating, and the new businesses in the zone of The Rashkai Special Economic Zone on the side of the zone is a preferential special economic zone of 1000 acres under the CPEC framework.
\nAfter completion it will provide 200,000 direct and indirect jobs to local people with an expected investment of US 4 billion. Fifteen businesses have already allotted industrial plots with an investment of PKR 78 Billion.
\nThe Prime Minister also visited under construction site of Enterprise M \/ S Century Steel at RSEZ with a total area of 20 acres and will work in Phase 1 next year with an annual production of 0.5 million tones and 3 phases on its completion.
\nOn full operations, its annual production will reach 1.5 million tons. It has hoped that under the supervision of Prime Minister, all the projects of CPEC will be complete soon and will improve the economic condition of the country.
\nAs a living example of Sino-Pakistan Friendship CPEC will its vital role in new & re developing sea port, airport, hospital school & communities in Gwadar area to overcome energy crises energy production projects like coal, wind, hydro power and solar power will complete and the improvement in Road & highways along with Railways and Aviation Connectivity.
\nIt is admirable that the Prime Minister of Pakistan Shahbaz Sharif has reiterated his commitment that Pakistan will complete all the projects of CPEC in any circumstance.
\nThe Prime Minister said that Pakistan would continue its efforts for economic development and peace in the region with China.
\nThe CPEC is being call as the Silk Road of the modern age, which is why the eyes of the whole world fixed on this great project of the century. The completion of which will give the China easy access to the hot waters of Gwadar. This project will bring economic revolution in Pakistan.
\nThe history of economic cooperation between China and Pakistan is as old as its friendship. Diplomatic relations between Pakistan and China established in May 1951. Pakistan was amongst the first countries to recognize China\u2019s new government since the founding of the People\u2019s Republic in October 1949.
\nOver the last 71 years, Sino-Pakistan relations have grown exponentially. These include economic co-operation increased trade and investment, co-operation in defense, culture, agriculture, industry and energy and regional and global challenges.
\nChina extended its hand for friendship and close relations with Pakistan at a time when relations between Pakistan and India were tense due to Kashmir issue in 1951 and the Indian government abruptly cut off the supply of coal to Pakistan.
\nAt a difficult time, China supplied coal to Pakistan in an attempt to harm Pakistan\u2019s economy. Despite being a member of the anti-communist and anti-communist defense pacts SEATO and CENTO, Pakistan supported the restoration of China\u2019s legitimacy in the United Nations and voted in favor of China at every annual session of the General Assembly.
\nThe most notable example of this is the CPEC, which launched in April 2015 during the visit of Chinese President Xi Jinping to Pakistan by signing a bilateral agreement.
\nCPEC is one of the most important projects of the BRI, a large-scale project of China, which includes rail, road and pipeline from Kashgar to the Pakistani port of Gwadar on the coast along the Arabian Sea.
\nThe construction of a trade route consisting of lines will help not only China but also West and Central Asian countries to access the markets of the Indian Ocean and surrounding countries through Pakistan for their import and export trade. It has based on a bilateral agreement between Pakistan and China, which will initially complete 46 billion worth of Chinese infrastructure and energy generation projects.
\nThe first phase of the project has completed and the second phase has begun. In the second phase, agricultural, industrial, educational and scientific development in Pakistan will promote with the cooperation of China. Chinese Prime Minister Li Keqiang visited Pakistan in May 2013.
\nThe most notable example of economic cooperation is the CPEC. For example, in 2002, the volume of bilateral trade between Pakistan and China was only US 1. 1.3 Billion, but in 2018 it reached US 12 12.7 billion. The second phase of the Free Trade Agreement (FTA) between Pakistan and China was signed during Prime Minister Imran Khan\u2019s visit to China in April last year.
\nAs a result Pakistan\u2019s export to China expected to increase. China is Pakistan\u2019s largest trading partner and Pakistan has the distinction of being China\u2019s largest trading partner in South Asia except India.
\nTherefore irrespective political government in country the relations between Pakistan and China continue to expand and deepen because these relations based on mutual interest, trust, respect and sincerity. The peoples of Pakistan consider China as a true friend that can rely upon in all circumstances. That is why, despite the negative propaganda from some countries there is no rift in the friendly and cooperative relations between Pakistan and China.
\n(The writer is Secretary-General of Pakistan China Friendship Association Khyber Pakhtunkhwa Pakistan. email syeed.gilani@gmail.com)<\/p>\n","protected":false},"excerpt":{"rendered":"
Syed Ali Nawaz Gilani The history of economic cooperation between China and Pakistan is as old as its friendship. Diplomatic relations between Pakistan and China established in May 1951 The China Pakistan Economic Corridor (CPEC) a flagship project of Chinese President Xi Jinping\u2019s dream Belt & Road Initiative (BRI), commonly known as a source of […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[19,4773,8908,8909,8910],"class_list":{"0":"post-267821","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-article","7":"tag-cpec","8":"tag-economic-development","9":"tag-journey","10":"tag-social-prosperity","11":"tag-syed-ali-nawaz-gilani"},"yoast_head":"\n