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Pakistan China to Accelerate CPEC Projects Ahead of Xi Jinping Visit

Published Jan 26, 2020
Updated Feb 29, 2020

China–Pakistan Economic Corridor [CPEC] is a collection of infrastructure projects that are currently under construction throughout Pakistan.

Originally valued at $46 billion, the value of CPEC projects is now worth $62 billion.

CPEC is intended to rapidly modernize Pakistani infrastructure and strengthen its economy by the construction of modern transportation networks, numerous energy projects, and special economic zones.

On 13 November 2016, CPEC became partly operational when Chinese cargo was transported overland to Gwadar Port for onward maritime shipment to Africa and West Asia, while some major power projects were commissioned by late 2017.

Chinese Embassy in Islamabad tweeted on 15 January, “Afghan Transit Trade started at Gwadar Port, the first ship full of containers reached Gwadar Port today. CPEC and the Belt and Road Initiative are promoting regional economic ties”.

The containers will be transported to Afghanistan through the Chaman border crossing in Balochistan marking a new port and axis for the land locked country which has been relying on Karachi and Port Qassem in Pakistan and had only just opened the traffic of seaborne trade through Chabahar.

The institutional framework of China Pakistan Economic Corridor CPEC is basically a decision-making framework which consists of Joint Commission Committee (JCC).

All the major decisions related to CPEC are finalised in this meeting with the mutual collaboration of Pakistan and China.

Joint Committee Commiission (JCC) is further divided into five-levels Economic zone, Gwadar, Planning , Energy, transport. Regular meetings of the JCC are held where the projects are reviewed and remedial actions if any are taken.