There have been reported incidents where India has been trying to sabotage CPEC projects to ISLAMABAD: The China-Pakistan Economic Corridor (CPEC) Authority got a legal cover on Thursday with the unanimous passage of the CPEC Authority Bill … Geopolitical and domestic hazards for cpec. Editor's note: Hamzah Rifaat Hussain is a former visiting fellow at the Stimson Center in Washington and serves as assistant researcher at the Islamabad Policy Research Institute in Pakistan. An analysis of CPEC cannot be complete without consideration of its regional geopolitical dynamics and Pakistan’s domestic challenges, particularly human development, insecurity and violence that can affect its implementation. Quratul Ain Hafeez. And for Pakistan, the project could help it quickly overcome deficits in its electric supply and revive its struggling domestic industries, positioning it for high rates of economic growth. Yet, for all its short-term wins and challenges, the long-term vision that CPEC inspires across a broader regional level as an idea, presents a whole host of opportunities for political leaders to ‘sell’ to their constituencies. This article discusses some of the foreign policy challenges for new government. Mumbai, May 5 (PTI) Analysts welcomed the additional liquidity measures announced by the RBI on Wednesday, but cautioned that the impact of … CPEC, which is the Belt and Road Initiative’s (BRI) flagship programme, is a major game changer for Pakistan and the entire region. Lieutenant General (r) Masood Aslam stressed the importance of transparency in CPEC projects and cautioned that domestic and regional challenges to CPEC … Agriculture, Industry Drive Robust Growth In Pakistan Amid Looming Challenges: ADB September 27, 2018 ISLAMABAD, (APP): The robust economic growth of 5.8 percent in Pakistan, the highest in 13 years is credited to an uptick in industry, better agricultural crops and an expanding services sector. In addition, quantitative studies focused to shed a light on the impact of China Pakistan Economic Corridor (CPEC) (Such as, impact on gdp, socio-economy, trade, stock market, energy sector and infrastructure). "Terrorism, unstable domestic politics, and disagreement among various parties within Pakistan about how CPEC transportation routes should be mapped out are prominent challenges to the implementation of the CPEC," it said, acknowledging differences within Pakistan over the project. CPEC is intended to greatly speed up “industrialisation and urbanization”, making Pakistan globally competitive and domestically prosperous. -Annual legislative Session started in Beijing -Sets GDP growth target of over 6% for this year -Presenting 2021 government work report, Premier Li says China has made ‘historic new achievements’ during 13th FYP BEIJING: China has set a gross domestic product (GDP) growth target of over six percent for 2021 and outlined a plan to […] comprised on domestic legal regime but also provide transnational harmonized and integrated legal structure. Chinese traders used to pass through Pakistan several thousand years ago, an article in the state-run […] China Pakistan Economic Corridor (CPEC): Challenges and the way forward Since sustainability of financing for BRI projects is already a challenge, and Chinese capital projected to be organized to meet the basic and domestic needs, the pandemic and the resulting slowdown in economic growth will be even more delayed and could even be a death sentence for Some Belt and road Initiative projects as well as CPEC. Its initiation is considered a threat by India which continues to raise objections instead of seeing how the project will benefit its own citizenry as much as Pakistan. Other than internal challenges, CPEC is also posed with regional challenges. The prospect is promising, although the detailed opportunities and challenges CPEC faces still need to be carefully evaluated. China financed the CPEC project to overcome energy security and terrorism in Xinjiang. 2. CPEC: Economic implications and challenges. Pakistan Achieves Domestic Consensus, Ensure Security of CPEC Maira Mazhar - April 14, 2020 Media Management Solutions (Pvt.) China-Pakistan Economic Corridor - CPEC | TheCPEC.com is the biggest news website providing most authentic news and information about all CPEC projects. Success can only be realised if all the stakeholders collaboratively devise comprehensive strategies to cope with the domestic as well as foreign policy challenges. and challenges concerning CPEC and domestic level cooperation between China and Pakistan. However, local Pakistani manufacturers, under the Organisation for Advancement and Safeguard of Industrial Sector (OASIS), say the CPEC poses new challenges for the domestic … Speakers discuss challenges to regional peace . abundant natural resources and a vast domestic market. The China-Pakistan Economic Corridor has been touted as a "game changer" for Pakistan's economy. 12, No. We are strategic partners and our relationship has a long history. ISLAMABAD, May 28 (Xinhua) — The Rashakai special economic zone (SEZ) being established under the China-Pakistan Economic Corridor (CPEC) will boost Pakistan’s economy by promoting industrialization in the country amid a plethora of financial challenges, a Pakistani expert said. Although CPEC is a bilateral project between China and Pakistan, it has already drawn interest and worry from other stakeholders … Long Term Plan for China-Pakistan Economic Corridor 7. October 23, 2018. *FREE* shipping on qualifying offers. CPEC is the shortest route for China to get access to Arabian Ocean. Despite challenges posed by COVID-19, Pakistan and China carried forward the momentum of development and construction of the CPEC. Moreover, it is vastly foreseeable that CPEC not only will remain between China and Pakistan but also welcome other economic players in the region on an immense level. Indian intera-neighbor trade is roughly less than 3%. Moreover, the Youth leaders in a conference have noted that China Pakistan Economic Corridor (CPEC) is promoting Pak-China people to people ties. challenges; and threats and opportunities of CPEC. London International Disputes Week (LIDW) 2021 commences today and promises to deliver – in an online format, this time – a week full of exceptional events focused on dispute resolution (and London). Economic insecurity is the mother of all insecurities. However, whilst venturing towards industrialization and Foreign Direct Investment (FDI),CPEC in Pakistan faces certain challenges that have so far impeded the industries in realizing their full growth potential. Subject Area: Social Sciences and Humanities. Chinese Premier Li Keqiang initially envisioned CPEC during his visit to Pakistan in May 2013. Roads, telecommunications, and other connectivity projects make up a small portion of the overall effort. CPEC Authority chairman retired Lt Gen Asim Saleem Bajwa said that the total saleable land in the zone was 2,276 acres, and 182 acres had been purchased by seven foreign investors. Author: Soomro Shabbir Ahmed. Most structural weaknesses of Pakistan’s economy, which are hampering its journey towards prosperity and inclusive growth, could be addressed in the next 10 to 15 years, if the country is able to achieve the targets outlined in the long-term plan of the China-Pakistan Economic Corridor (CPEC). aspect of CPEC. Extensive consensus on the Vision Long Term Plan for China-Pakistan Economic Corridor 5. CPEC has been framed as a corridor, but connectivity is its weakest dimension. But the critical review found that the existing knowledge somewhat missed the geopolitical dynamics of the project. Expressing concern over Pakistan’s growing debt, China has shown reluctance to approve $6b loan for the ML-I railway track - the largest project under CPEC. The Challenges of Organizing Remote Proceedings The young arbitrator’s challenge in managing a first arbitration is further complicated these days by issues surrounding remote proceedings. Pakistan’s total external debt and liabilities went up to $113.8 billion in September 2020 from $107bn a year ago. Nevertheless, several challenges remain – the task of planning and implementing the 2030 Agenda for Pakistan’s rapidly growing population must necessarily incorporate
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