China Pakistan Economic Corridor (CPEC), Challenges, Opportunities and Boost to Socioeconomic Development of Pakistan

Abstract

The China-Pakistan Economic Corridor (CPEC), a key component of China's Belt and Road Initiative (BRI), symbolizes the two nations' expanding benefits to both party's collaboration. The program, altering regional dynamics and international relations, highlights China's growing influence throughout South Asia and the Indian Ocean region. The China-Pakistan Economic Corridor (CPEC) is a central turning point in the two nations' commercial ties. The significant advantages that the China-Pakistan Economic Corridor (CPEC) provide for Pakistan's growth in society and economy are examined in this essay. The China-Pakistan Economic Corridor (CPEC) has improved connectivity within Pakistan and increased trade thanks to significant infrastructure developments. Roadways, harbours, and commuter trains are among these investments. The China-Pakistan Economic Corridor (CPEC) has further made travel, personal connections, and cultural interactions between Pakistan and China easier. These exchanges have improved relations between the two nations and allowed Pakistan to show off its breathtaking natural surroundings and rich artistic legacy to travellers worldwide, which has helped the travel and tourism industry flourish.