Few days back I wrote below mentioned article on the burning issue of Gawadar-Kashgar Economic Corridor. Read it out....


“Gwadar-Kashgar Economic Corridor, A Game Changer”:
I have been a staunch advocate of Sino-Pak strategic partnership with an ambition to make over the resilient political affairs, military relationships into economic relations. Though, china has always provided shock therapy to the poor performing and sluggish economy of Pakistan, yet, the proposed route in terms of economic corridor would serve as a primary passage for trade between China and the Middle East and Africa, in particular, oil from the Middle East could be unloaded at Gwadar, which is located just outside the mouth of Persian Gulf and transported to china through the Baluchistan province of Pakistan. The substantial benefit of this route would vastly cut the 12,000-kilimetre route that Mideast oil supplies must now take to reach chines ports. The planned economic corridor, nonetheless, is being advanced between the two neighboring countries to achieve the mutual paybacks. The shortest possible Sea-port to the western provinces of China is Gwadar, because Distance from Gwadar to Kashgar, and northwestern autonomous region of Xinjiang is 2,041 Km, contrary to it, the distance from china to Kashgar, Xinjiang is 3,151.1 Km.
Amidst the dismal economic state of affairs of falling foreign investment, weakening currency and an underperforming stock market, Pakistan’s relations with Beijing in the economic dominion, especially in terms of Proposed Gwadar-Kashgar route are reckoned vital. With Pakistan’s growing balance of payments deficit, China's capacity as a creditor may be able to correct Islamabad's urgent predicament. "China's enormous foreign-exchange reserves are a potential source of a major cash infusion."
Let us portray, here-of, the remarkable outputs of anticipated route plan economic corridor for Pakistan and its lethargic economy as:
Construction of an International Airport at Gwadar.
Up gradation of a section of the 1,300-kilometre Karakorum Highway connecting to Islamabad.
Laying a fiber-optic cable from the Chinese border to the Pakistani city of Rawalpindi.
Establishment of industrial parks.
Establishment of Economic zones along the suggested Kashgar-Gwadar trade corridor.
Setting up trans-freight stations along the Kashgar-Gwadar corridor to expedite trucks/containers, carrying heavy goods, the subsequent offshoots of it would be the development and welfare of the population.
Efficient transport systems, as it provides the key economic and social opportunities and benefits that results in positive multipliers effects such as better accessibility to markets, employment and additional investments.
Developing transport system as this sector plays a pivotal role in the overall economic growth.
Economic corridor would result in greater movement between the states, nonetheless, it plays substantial role as a catalyst for development.
This corridor will benefit new emerging regional cooperation in south Asia.
Gwadar-Kashgar route will incorporate the economies of both Pakistan and China.
In addition to building infrastructure, increased cooperation “in the industrial, agricultural, mining, financial, telecommunication and service sectors is planned.
In order to lessen crippling power shortages. China has already committed $6.5 billion to build a new nuclear power plant in Karachi.
Construction of an oil pipeline from Gwadar’s port to northwestern China.
China has announced that it will sponsor Chinese companies to build $45.6 billion worth of energy and infrastructure projects in Pakistan as part of CPEC.
China has agreed to to capitalize around $33.8 billion in various energy projects and $11.8 billion in infrastructure projects, which will be completed by 2017 at most.
$15.5 billion worth of coal, wind, solar and hydro energy projects will add 10,400 megawatts of energy to the national grid of Pakistan.
Nonetheless, as attractive as proposed route may seem for both the neighboring countries, they continue to face challenges that require crucial consideration. The need to address law and order status quo in Baluchistan specifically Makran-Division where anti state elements and Baloch separatists are reactive, is of vital significance. Devoid of a steady and foreseeable atmosphere, it is possible any exogenous blow may cause investors to pull out of the country. However, possibly the mounting security issues can be addressed via economic prosperity, posturing an alternative for the country to aspire towards. Increased economic interaction will also help support China and Pakistan’s longtime strategic and diplomatic cooperation. Should Pakistan reap the economic benefits of the new corridor, it could boost Islamabad’s regional power and prestige.


Regards

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