CPEC: Transforming Pakistan’s economy

642

Pakistan is entering into a new phase of economic development. China is a rising economic power and is a neighbour of Pakistan. Pakistan could easily benefit from China’s US$ 11 trillion economy and world’s largest in Purchasing Power Parity (PPP). The current Chinese model is the result of its surplus wealth. The two countries enjoy cordial relations in all fields since the 1950s. An opportunity is just knocking at Pakistan’s door, where this is a game-changer and will reap benefits.
China knows that Pakistan does not have a good economic record after 1970s onward. It has remained as a security-driven State facing Afghanistan on the one end and India on the other end.