CPEC transforming development patterns of Pakistan
China and Pakistan – two very immediate and close neighbors having the brotherly relationship of seven decades – have transformed the potential of unique partnership under the umbrella of splendid diplomacy.
In the journey of bilateral relationship spanning around the meaningful and productive benefits, both nations are marching ahead towards achieving the common agenda of peace, stability, development and prosperity.
The development of bilateral relationship between two nations always proved that Pakistan is China’s cooperative and strategic partner and both sides have nurtured the relationship as exemplary in the world of diplomacy.
The leadership of both sides from day one of establishing relationships has stressed on the bright prospects of the bilateral cooperation and has gained for the public on both sides with mutual understanding and consultations.
With the passage of time, the relationship bound and coated with trust between two sides have put a positive impact on various sectors for the development while Pakistan always stood at front for cultivating benefits for its people.
China, with its magnificent development in every sector always extended its experience towards Pakistan to provide investment for infrastructural upgradation including energy projects, vocational and agricultural development, building of Gwadar port, modern transportation projects including Orange Line Metro, educational, medical and cultural exchanges and other sectors.
As a flagship project of the China-proposed Belt and Road Initiative (BRI), the China-Pakistan Economic Corridor (CPEC) has helped Pakistan break the energy and transport infrastructure bottlenecks, and injected strong impetus into its economic development.
Pakistan always ranked among the top countries that benefited from China’s investment and rich experience of development that made Islamabad able to upgrade its various sectors.
CPEC by integrating the economies and connecting the technology of both sides has been strengthening the people-to-people contact at a rapid level that has emerged as the epitome of friendship.
China by generously sharing its resources with Pakistan under a bilateral cooperative working platform has been cultivating enormous benefits for the country by exploring the real potential in the pursuit of prosperity.
The magnanimous development under the Ist and 2nd phase of CPEC has been pushing forward the realization of national transformation that is also spreading the enthusiasm among people for the sustainable development.
The ongoing process of CPEC development at rapid scale is also facilitating the technological and industrial progress in the country that is also accelerating the national rejuvenation.
BRI, with its vast scope of cooperation introduced the new era of development under CPEC has also generated more 80 thousand job opportunities for the locals that have energized the labor market as well.
The CPEC by leading the development strategy has put the country into the new development era that strengthened the iron-clad friendship between the two countries with its recognition as a cornerstone of prosperity.
China’s developmental plans led by Belt and Road Initiative (BRI) have helped many countries including Pakistan to push forward the agenda of development respectively.
As per one of the reports, it is reported that141 countries and 32 international organizations, including 19 UN agencies, have participated in the BRI. The worldwide recognition of BRI has also generated the message that the international community wishes to support the development agenda led by China being implemented with mutual consultation based on a win-win situation.
Amid the wave of unilateralism and protectionism by the US and western countries, China introduced the new development plan of BRI which attracted the countries in need of financial and technological assistance at large. The success of BRI and its international acceptance at a large scale is directly connected with its nature of elements including cooperation and meaningful consultation with its volume of trade, investment with member countries.
The global nature of BRI broadened the scope of bilateral cooperation under its umbrella that goes beyond infrastructure and trade as it has been strengthening cultural, educational and scientific exchanges as well very significantly. Since the start of BRI, this development plan has successfully become a central topic by generating the productive results for the member countries across the globe as it has introduced the new models of cooperation that does not attach any kind of strings to it. The acceptance of the international community for BRI belongs to its tremendous green development that has been meeting the criteria of United Nations green development strategy.
The commitment of China towards equality, peace and mutual benefits has been fostering the economic and cultural ties which is shaping the new patterns of development.
The smooth development of BRI in more than 141 countries has also rejected the so-called debt trap claims of western countries and attracted more countries to be a part of this development plan. The member countries of BRI also remained on top in receiving China’s outbound direct investment expanded from 13.8 percent year on year to 7.43 billion U.S. dollars.
China’s investment in BRI member countries into manufacturing and information transmission sectors has helped various nations to upgrade their technologies and cultivate maximum benefits. International community is expecting more and more financial and technological assistance from China as the development patterns of the 2nd largest economy of the world has become the buzzword.
