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Your email address will not be published.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

NSC to discuss misleading stat
Three-time former prime minister Nawaz Sharif has been in the limelight for months, but for all the wrong reasons. On Sunday, he was once again making the headlines, and this time for stirring a new c...
May 13, 2018 Read More
Imran Khan not our blue-eyed b
ISLAMABAD: Chief Justice of Pakistan Mian Saqib Nisar on Sunday shot down the claims of ousted prime minister Nawaz Sharif that PTI chairman Imran Khan is being meted out special treatment by the apex...
May 13, 2018 Read More
Nawaz’s remarks back Mod
KARACHI: Pakistan Peoples Party (PPP) leader Sherry Rehman on Sunday slammed Nawaz Sharif for his recent remarks on the Mumbai attacks and said his statement backed Indian prime minister Modi's stance...
May 13, 2018 Read More
Indian govt biggest obstacle i
Former interior minister Chaudhry Nisar Ali Khan on Sunday stressed that the uncooperative attitude and stubbornness of the Indian government has been the biggest obstacle in the Mumbai terror attacks...
May 13, 2018 Read More
NSA stresses overcoming Pakist
National Security Adviser Lt-Gen (retd) Nasser Khan Janjua on Sunday said Pakistan desires world peace and has always contributed to global stability but faces a perception problem in international me...
May 13, 2018 Read More
PM, defence minister slam NAB
Prime Minister Shahid Khaqan Abbasi on Wednesday lashed out at the National Accountability Bureau (NAB) for launching a probe against deposed prime minister Nawaz Sharif over alleged laundering of $4....
May 10, 2018 Read More
Imran promises new province as
ISLAMABAD: Pakistan Muslim League-Nawaz’s (PML-N) lawmakers from South Punjab, who recently parted ways with the ruling party, joined the Pakistan Tehreek-e-Insaf (PTI) on Wednesday. The announce...
May 10, 2018 Read More
SC extends deadline to conclud
ISLAMABAD: The Supreme Court Wednesday granted a one month extension to the Accountability Court (AC) of Islamabad to conclude references against former prime minister Muhammad Nawaz Sharif and his fa...
May 10, 2018 Read More