It is quite obvious that the prime minister of Pakistan will now not at all be making any kinds of miscalculations when it comes to the economy of Pakistan. If we take the example of his China–Pakistan Economic Corridor (CPEC) then he already had a detailed cost-benefit analysis.He has been looking quite determined of not setting a foot wrong again. But the main question is that will this China–Pakistan Economic Corridor (CPEC) be able to pull it off? Let us have a look at it analysis:
Benefits of China–Pakistan Economic Corridor (CPEC)
- It will be a game changer for both the countries. This project will be leading to additional business and also additional savings.
- As China spends $18 million on the import of these 6.3 million barrels of oil each and every day. They are the shipment costs from the Middle East. But with the completion of this project, costs will be able to be significantly down to just one-third of these current levels. China will also be able to save $6 million every day and about $2 billion every year.
- With the completion of this project, Chinese promised to make an investment of $46 billion in Pakistan. The amount of $11 billion will be set aside for infrastructure projects. $35 billion will be used for energy projects.
Cost of China–Pakistan Economic Corridor (CPEC)
- This project will only come out as a road and a pipeline project meant just for Chinese business if Pakistan will not be able to mobilize its infrastructure and trade industry.
- Right now the Chinese investment in the power sector of Pakistan does not at all seem much promising. Hopefully, at the ending stage of this China–Pakistan Economic Corridor (CPEC), investment in the private sector might get increased.
- If Pakistan will get failed to prepare a trade-centric kind of economic vision then additional business opportunities might not be received by us from this project.
It is the need of the time that our planning and finance ministers should be imposing a toll tax on all of the Chinese oil shipment. They should be imposing a toll tax on their trade traffic. Pakistan planning and finance ministers should be making a negotiation of infrastructure projects with China.
We should understand this fact that China needs us. By now, Pakistan should be taking this huge opportunity by having a pragmatic approach in their mind. Try not leave too much and massive cash on the Chinese Wall. It is also important for the federal government to make this realize Balochistan and KP that CPEC is a project for the whole of Pakistan. In CPEC, ”P” stands for Pakistan and not Punjab.