China Pakistan economic corridor (CPEC) its importance and challenges

Abstract

China Pakistan Economic Corridor is a historical initiative that connects the people of China and Pakistan, facilitates various opportunities for these countries. It connects people in different ways, coordinates policies of governments, financial integration through cross border business, productivity and regional energy security. This study will base on secondary data and also analyse the risks and challenges associated to CPEC initiatives implementation. It suggests that strong coordination between China Pakistan is necessary to get full fruits of this initiative through supportive law, policy, rules and regulation, proper strategy implementation, transfer procurement system, sincere consideration on political, financial, environment and social factors.