EMPLOYMENT OUTLOOK OF CPEC

The study shows that through the currently agreed projects, CPEC has the potential to create a
total of 1.2 million direct jobs. New investments in sectors such as agriculture, tourism, mineral
processing, oil and gas and services under the CPEC long-term plan are likely to multiply the
work portfolio. These projects will certainly support a reduction in the currently persistent
unemployment rate of 5.9 percent. Before the advent of the CPEC project, a dramatic rise in
Pakistan's jobs rate was not considered to be anything than illusions and fictions, research says.
The employment produced by CPec's early harvest projects required precise definite skills and
experiences, which were unfortunately lacking in the domestic workers that prevailed. In this
regard, in these ventures, Chinese firms were more inclined toward foreign employees. CPEC
plans to provide a way for numerous other projects to be initiated, including energy projects,
infrastructure projects and the port of Gwadar.
It is estimated that CPEC will create 400,000 jobs for the country, while the Applied Economic
Research Centre has estimated that between 2015 and 2030, the mega initiative will provide
around 700,000 direct jobs. Pakistan is about to gain a lot from these opportunities, as the
country's annual economic growth will also increase significantly. Not only is the report
published, but online job portals are designed for students to brainstorm themselves for the
desired professions. Even more promising results are shown by the Planning Commission data,
with CPEC generating around 800,000 jobs in the next 15 years. It is expected that the number of
jobs created by CPEC will boost Pakistan's economic growth. Energy projects can be divided
into two parts based on their lifecycle, i.e. construction, installation and manufacturing (CIM)
and operations and maintenance (O&M). Both parts have different job potential and HRD
requirements and need to be specifically studied. Energy infrastructure projects, in particular
renewables, have the potential to create a larger number of job opportunities, as the European
wind sector has grown to 72,000 in recent years, compared to 25,000 in 1998. For the successful
economic contribution of these projects, HRD remains a critical component. The focus of the
study is to estimate and project the direct jobs created under known CPEC projects. The
projections and estimates of studies will be discussed, focusing in particular on countries with
similarities to Pakistan's economy and level of development.
CPEC's early harvest projects include total hydro power generation of 2,850MW. Electrical, civil
and mechanical engineers, technicians and skilled workers are employed in these installations.
Coal projects have a large share of the CPEC energy projects, with an estimated $5.8 billion in
investment. With regard to CPec energy projects, four wind projects are under way, each of
which is 50MW. The EWEA report (2008) suggests that 10 jobs/MW would be required for
wave energy projects and that O&M job creation is similar to that of coal and hydroelectric
projects. The Global Wind Energy Council (2012) estimates that the global job generation
average is 14 people per MW per person per year.
CPEC includes road construction, M-1 railway track upgrades, and optical fiber. The purpose of
these projects is to link all of Pakistan's main cities to China's complex yet highly important BRI
website. Peshawar-Karachi Highway (Lahore-Multan section) connecting Punjab to Sindh (total
length of pro length) There are only 3,780 Chinese and the remaining 47,800 Pakistanis. It has
been anticipated that more than 1800 or so jobs will be created under these two projects. One of
the main objectives of the railway routes is to supply the various power plants with coal for
generating power. In PKR, the power plants pay 60 to 80,000 as transport cost for each wagon
makes it 12 to 16 million daily, which becomes part of Pakistan railways' revenue. The Cross
Border Optical Fiber Cable also falls within the scope of the CPEC, which is estimated to
increase the number of qualified employees in the fields of project managers,
electronics/electrical engineers and ICT engineers.
Pakistan is struggling as a nation because of a shortage of energy. It is time-consuming for
Pakistan and any other country to revive the energy sector. The energy-related projects, which
will generate energy through coal, hydro and wind, are highly focused. Investors plan to reduce
their total costs by recruiting Due to its strategic location and deep sea port, Gwadar is a port city
located in the south of Baluchistan and is an ideal location to serve as a core business and
development initiative. Through Gwadar Port and Chabahar Port, Pakistan aims to develop
strong cooperation between Iran and Pakistan. The development of this project will lead to geo-
economic cooperation between regional countries, as Pakistan believes strongly in shared
prosperity through regional connectivity. The estimated cost allocated is US$ 800 million for the
development of the Gwadar projects. Gwadar is also attracting private sector investment, as it is
a future destination for individuals from all walks of life. In the future, it is estimated that
millions of direct and indirect jobs will be created. These projects include the exchange of
individuals, the promotion of tourism, trade promotions and the establishment of the Pakistan
Academy of Social Sciences and the China Pakistan Business Schools Consortium. These
projects are all called as ex-projects,. It is estimated that the number of jobs generated during the
construction phase of power generation projects is 50,828 for 16 energy projects, while 22900
jobs have been created for 5 energy projects, including coal and hydro projects. Total skilled
labor is currently worried about more.
All four provinces of Pakistan, including FATA GB AJK and ICT, are targeted by economic
zones. The SEZs are intended to use 70 percent of their area for industrial zones and the
remaining 30 percent is allocated for the facilitation of housing and employees. The development
of the SEZs in Faisalabad is expected to create around 0.6 million jobs. This results in an
estimated 158 labor-intensive jobs per acre of industrial land. The area for these 9 SEZes is 9,400
acres in total.