importance of pak- china economic corridor for pakistan
China–Pakistan Economic Corridor China–Pakistan Economic Corridor (Chinese: 中国-巴基斯坦经济走廊; Urdu: پاكستان-چین اقتصادی راہداری‬‎; also known by the acronym CPEC) is a collection of infrastructure projects that are currently under construction throughout Pakistan.[2] Originally valued at $46 billion, the value of CPEC projects is now inflated to $62 billion, although expected to rise to an unknown figure.[3][4][5] CPEC is intended to open up a new trade route for China via Azad Kashmir, all the way to Gwadar in Arabian sea. CPEC, a new trade route is considered a game changer in the next 20-30 years. CPEC also promises rapidly modernize Pakistani infrastructure and would rapidly accelerate its economy, CPEC is supposed to modern transportation networks, and develop some special economic zones.[6][7][4][5] On 13 November 2016, CPEC became partly operational when Chinese cargo was transported overland to Gwadar Port for onward maritime shipment to Africa and West Asia.[8]