CPEC is a flagship and most actively implemented project of the Belt & Road Initiative (BRI) where Pakistan and China have successfully launched 56 projects on the ground.
Out of these projects, 26 projects worth approximately US$17 billion have been completed so far and 30 projects worth US$ 8.5 billion are under construction.
36 projects having an estimated cost of US$ 28.4 billion are also under different stages of negotiations for inclusion in the CPEC framework. This tremendous progress is a sign of great efforts and achievement of both the nations and the realization of the dream of connectivity and inclusive economic growth.
CPEC is being expanded in the following areas:
The Government of Pakistan considers CPEC as a long-term development project as it has the potential to serve as a corridor with multiple doors connecting China with Central Asia, the Middle East, Africa, and Europe. The government is expanding the scope of CPEC so that it becomes a “Gateway of Prosperity” for both countries and the region at large.
Moreover, the Chinese and Pakistani workforce, in a large number, is employed to ensure the timely completion of the Infrastructure projects and the launch of new projects such as the Sukkur-Hyderabad Motorway (M-6), Peshawar-D.I.Khan Motorway (M-14), KKH Alternative Route (Gilgit-Shandor-Chitral), Swat Expressway (Phase-II), Dir Expressway, Karachi Circular Railways.
Editorial & Legal Practice Group
Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.
Advocates High Court & Tax Counsel
Jurisdiction: Pakistan