The Gwadar is the deepest seaport of not only Pakistan but in the region which is connecting South Asian countries with the Middle East. The governments of China and Pakistan have named this grand project China Pakistan Economic Corridor. CPEC is the project which brings a lot of hopes and belief in the drown economy of Pakistan. A number of investors and economic specialist believe that this joint venture will do amazing wonders to the not so developed country Pakistan. Let’s see how. The Gwadar is the deepest seaport of not only Pakistan but in the region which is connecting South Asian countries with the Middle East. The governments of China and Pakistan have named this grand project China Pakistan Economic Corridor. CPEC is the project which brings a lot of hopes and belief in the drown economy of Pakistan. A number of investors and economic specialist believe that this joint venture will do amazing wonders to the not so developed country Pakistan. Let’s see how.
China Pakistan Economic Corridor is the project that was initially proposed by China to the government of Pakistan in early 2017. According to the details of the project, China will utilize the largest seaport of Gwadar for transporting goods and services to China. This means the land of the Gwadar will serve as the gateway for the transportation of goods and services. This is how the routes to China for transportation would cut too short and the expenses would be minimized. China Pakistan Economic Corridor is venture towards economic in the globalized world. It established harmony, improvement, and create a win-win situation for both of them.
Benefits to Pakistan
Pakistan is also getting a number of benefits from the project. The Gwadar port city is already precious due to its port but soon after the announcement of this project, a massive increase in the value of land of Gwadar is also observed. This is because, when the foreigners are going to put their investment in CPEC, they would also require a piece of land for a living. They also might get interested in putting their resources in the industrial area for that they may need a large reservoir for the preservation of their imports. Not only this, the foreign investments would give a boost to Pakistan’s economy. Moreover, the progress in the industrial sector would open a number of job opportunities as well. Considering these positive aspects, the housing scheme in Gwadar is also launched named as Gwadar Golf City.
Gwadar Golf City
This is the city of your dreams. All the facilities and amenities are available over there that are based on international standard. The motive behind launching this fascinating project was to not only facilitate the locals but the foreigners as well. The city is spread over a wide area located on the Makran Coastal Highway. The city has wide roads, parks, golf court, swimming pools, stadium, cinemas, and much more. The city has all kind of tourist attraction spots like the museums and the monuments of the famous landmarks from all over the world.
Benefits to other countries
This project brings amazing benefits to other countries as well. The truly benefited countries would be Afghanistan, Iran, India, and central Asia. This project has the improvised road routes, rail routes, and air transportation along with the exchanging of goods and services it will also help them to improve their political and economic relations. Before the launch of this project, all the above-mentioned countries have to use other seaport and long routes that not only took time for transportation but the expenses were also maximized. Now since the project is announced all the Asian countries can utilize the port Gwadar that would not only cut their prices to half but would minimize the time for transportation as well.
CPEC is indeed a great project for both the nation as it brings a lot of economic benefits to both the countries. Moreover, now, the Gwadar port is given extraordinary importance and the value has already increased. This joint venture between Pakistan and China is much profitable than expected and the speculation is these that it will bring a lot of prosperity and opportunities to both the nation.