14-EE-26

Assignment No.
1

China Pakistan
Economic
Corridor

14-EE-26

The China Pakistan Economic Corridor (CPEC) is more than a

$47 billion dollar investment. It will improve Pakistans current
situation and also promises to improve the lives of three billion
people across the region as part of the larger Chinese vision of
grand Silk Road economic belt, which stretches across Asia
through the Middle East connects to Europe.
Speaking at the institute of Policy Reforms (IPR) a British
scholar Anatol Lieven said that CPEC is an economic
breakthrough for Pakistan and if it works out can generate as
much as two or three times the initial $47 billion investment.
There is no doubt that continued economic development is the
key to a strong Pakistan. The corridor will help alleviate poverty
in Pakistan by creating new business and job opportunities.