Belt and Road
China-Pakistan Economic Corridor is irreplaceable for Pakistan
Seetao 2022-05-21 10:59
  • China-Pakistan Economic Corridor has made great contributions to Pakistan's economic, political and social development
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The China-Pakistan Economic Corridor is an unprecedented century project in Pakistan. The corridor project has gone through 9 years since the early harvest project started in 2013 to the official launch in 2015. The China-Pakistan Economic Corridor has made enormous contributions to Pakistan's economic, political and social development. At the beginning, corridor projects mainly focused on energy infrastructure and power infrastructure projects. From 2016 to 2017, the contribution rate of corridor projects to Pakistan’s GDP was as high as 20%, and the contribution rate of corridor projects to the development of Pakistan’s manufacturing industry was immeasurable. From 2016 to 2017, due to the effective relief of power shortage in Pakistan and the successful completion of several transportation infrastructure projects, the electricity cost and transportation cost of Pakistan's manufacturing industry have dropped significantly, and the operating rate has generally increased, which has brought about It is an increase in the employment rate and a substantial improvement in the lives of residents. Another highlight of the corridor project is the mushrooming Pakistani industrial parks and free trade zones. China has helped Pakistan to create a number of free trade zones and industrial parks, all of which have entered the stage of flowering and fruiting. The free trade zones have become Pakistan's export processing and attraction. The cradle of foreign capital. If Pakistan makes great strides in attracting foreign investment in the future, the economic corridor will contribute the most.

China-Pakistan Economic Corridor offers Punjab an opportunity to boost trade and investment. There are 4 important CPEC projects in Punjab, and the M3 project is one of them. M3 Industrial City is the largest special economic zone in Pakistan, with a total area of 3,300 acres. There are two highways passing through here, namely Lahore-Islamabad highway and Karachi-Sukkur-Multan-Jarwanwala highway. The SEZ has also installed central security systems, such as monitoring equipment. In addition to a convention center, business district, hotels, banks, restaurants, coffee shops, a modern hospital with a trauma center, employee quarters and an airport, a helipad, etc., the industrial city will also have warehouses and dry port facilities. About 400 enterprises will be settled in the M3 Industrial City, creating more than 300,000 direct jobs.

The current Prime Minister Shabazz Sharif has long promoted Pakistan's modernization process. Pakistan's subway, urban railway and rapid bus have been effectively promoted in the early stage of the construction of the China-Pakistan Economic Corridor. Large supermarkets in many cities in Pakistan were gradually established after the opening of the China-Pakistan Economic Corridor. It should be said that the China-Pakistan Economic Corridor has comprehensively promoted the construction process of Pakistan. When it comes to transportation infrastructure, China not only helps Pakistan build railways, but also promotes the speed of trains in Pakistan. Before the launch of the corridor project, the average fastest speed of trains in Pakistan was only about 40 kilometers per hour. The average speed of the train has risen to 105 to 115 kilometers per hour, and the fastest train has reached about 127 kilometers per hour. The modern service facilities of the train carriages are also constantly being updated. Moreover, the opening of high-quality highways in Pakistan, the upgrading of railways and the speed-up of trains have greatly improved Pakistan's defense mobilization capabilities and greatly improved the industrial production efficiency of Pakistan's manufacturing industry. People in the small Pakistani city of Chiras believe that the China-Pakistan Economic Corridor is a precious gift from the Chinese people to the people of Pakistan. Chinese engineers are building a dam on the Indus River, and the residents of Chiras, which are located on the river bank, have received compensation for their expropriated land. This money can be used to buy groceries and improve life. The Chiras know the difference between good and evil. Living in poverty, they need electricity and TV sets, and the Diamir Dam built by China provides them with sufficient electricity. Pakistani businessman Mujib Rejman was deeply touched by the straighter and smoother Karakoram Highway built by China. He said that the Pakistanis spent five years trying to open the tunnel, but they were unsuccessful. The Chinese only used It opened in two years. In Chiras, impoverished, chaotic and without water and electricity, simple and faithful people thank the Chinese for making their lives better.

Agriculture is an important pillar of Pakistan's economy, accounting for nearly 20% of the country's national economy. With fertile soil and suitable climate, Pakistan is one of the main producers of wheat, rice, cotton, fruits and vegetables in the world, and the fourth largest milk producer in the world. Agriculture is an important area for deepening cooperation between China and Pakistan. On January 26, 2021, the China-Pakistan Agricultural and Industrial Cooperation Information Platform was launched; the construction of the China-Pakistan Agricultural Cooperation Demonstration Park continues to advance, making it easier for Chinese enterprises to introduce technologies, new varieties, Advanced elements such as machinery and management. Although Pakistan is one of the largest producers of wheat, cotton, sugar cane, rice and fruit in the world, the unit production of these products is very low compared to other producing countries. China carried out a pilot demonstration of corn and soybean strip compound planting technology in Pakistan. This technology has achieved no reduction in corn production in Pakistan, and an increase of 1,200 to 1,800 kg of soybeans per hectare. China's seeds and fertilizers are promoting Pakistan's agricultural development. Editor / Wang Xia


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