Latest news

Is Pakistan Emerging As An Economic Hub?

November 1, 2016 at 4:46 am

Written By: Aqsa Rajput

Pakistan’s history shows that our country had remained center of interest for all big powers and played distinct role in global politics due to its geographical location and now it is becoming an economic hub in Asia after signing Pak China economic corridor. CPEC or China- Pakistan
economic corridor will play important role in this regard not only in political point of view but also in economic prospect. According to economic survey China invests $ 46 billion in Pakistan, which will increase Pakistan’s economic
growth yearly 2.% to 2.5% and could generate 700,000 employment opportunities directly and more than 200,000 indirectly.
On the other side China by making Pakistan as hub could exceed to the Middle east , Gulf states , African, Persian and central Asian markets and can cargo its trade within 10 days by Arabian sea despite 45 days from Europe which is a potential threat for China’s economy. However with the inclusion of two worlds largest oil exporter countries ‘Saudi-Arabia’ and ‘Iran’ CPEC has achieved new heights because both have significant importance in Muslim states and have good relations
with Pakistan.
This participation will open new doors for Pakistan which is receiving a lot from this mega project at its initial stages. By this inclusion Pakistani can avail manyopportunities in China , Saudi Arabia ,Central Asia,Gulf states and
Middle East . Rich oil resources of both Muslim states can lessen Pakistan energy short fall. Pakistan can trade with Iran after reduction in international restrictions and can complete Pak -Iran ‘Peace gas’ pipe line successfully.  Pakistan can also perform the role of an arbitrator to
reduce Saudi -Iran tension . If both states will manage to minimize tension and could ignore proxy wars people ofthis entire region will get many benefits from this project.    So this CPEC corridor is very important economically as well as politically for
Asia

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent News

Senate passes Elections Bill w
Islamabad - The Senate on Friday passed the amended Election Bill 2017 amid a walkout by Senate Chairman Raza Rabbani. During proceedings in the Upper House, Senator Aitzaz Ahsan presented an amend...
September 23, 2017 Read More
Pakistan army says Indian firi
ISLAMABAD - Â The Pakistan army said Friday that death toll from the Indian shelling along the Working Boundary in Punjab has reached 6. An army statement said that 26 civilians were also injured ...
September 23, 2017 Read More
Pakistan won’t be a &#82
Pakistan refuses to be a “scapegoat” for Afghanistan's bloodshed or to fight wars for others, Prime Minister Shahid Khaqan Abbasi told the United Nations on Thursday. Addressing the UN General ...
September 23, 2017 Read More
Ex-NBP president Ali Raza arre
KARACHI: Former National Bank of Pakistan (NBP) president Ali Raza was arrested on Friday on the orders of the Sindh High Court. The court set aside bail Raza's in a case filed by the National Acco...
September 23, 2017 Read More
Zardari challenges to Musharra
Toba Tek Singh : Pakistan Peoples Party Co-Chairperson Asif Ali Zardari, responding to former president General (retd) Pervez Musharraf’s allegations against him, said if Musharraf is so brave he sh...
September 23, 2017 Read More
Army Chief confirms death sent
Chief of Army Staff General Qamar Javed Bajwa confirmed on Wednesday the death sentences awarded to four "hardcore" terrorists involved in heinous offences related to terrorism, according to the army'...
September 21, 2017 Read More
Murad vows to set up catholic
Karachi - Sindh Chief Minister Syed Murad Ali Shah has vowed the Catholic Christians to give them land in Education City for establishment of Catholic University. He said this while holding a meeting ...
September 21, 2017 Read More
IHC suspends ECP’s arres
ISLAMABAD: The Islamabad High Court (IHC) suspended on Wednesday the bailable arrest warrants issued against Imran Khan by the Election Commission of Pakistan (ECP). Hearing the case, Justice Aame...
September 21, 2017 Read More