CPEC is a grand leap forward by Pakistan’s trusted friend, China, to transform the economy of Pakistan. The package of US$ 46 billion has been increased to now over US$ 63 billion as new projects are keep on including in this mega project ever since the package was drawn on 20 April 2015 when President Xi Jinping visited Pakistan.
CPEC is a part of the Belt and Road Initiative (BRI), which offers building of the other five corridors namely; (1) China-Central Asia Corridor, (2) Eurasian Land Bridge, (3) China-Mongolia-Russia Corridor, (4) Bangladesh-China-India-Myanmar (BCIM) Corridor, and the (5) Maritime Silk Road. In all of these five corridors at least three or more countries are involved. The CPEC , on the other hand, is an exclusive corridor between Pakistan and China to connect Kashgar with Gwadar and there is no third party involved.
