CPEC COROLLARY ON ECONOMIC GROWTH OF PAKISTAN

Abstract

China-Pakistan Economic Corridor (CPEC) is being considered a ‘game changer’ for the current sluggish economy of Pakistan. CPEC is a combination of infrastructure and energy relate projects, which aim at connecting China to the port of Gwadar. Available research on CPEC and its implications is descriptive at best, and more studies focus on the infrastructural and geopolitical aspect of CPEC and less empirical forecasting has been done to estimate the impact of CPEC on economy of Pakistan. Literature also lacks sector specific implication of CPEC; thus it could be concluded that CPEC although have good prospects for the economy of Pakistan, its impact to the grass root level of the economy will be a bit delayed. There is a need to conduct sector specific studies to lay out policies and framework of action to capitalize on the opportunities provided by CPEC.