Assessing the Potential Economic Gains of China-Pakistan-Economic-Corridor Energy Projects for Pakistan

Saddam Hussain (), Chunjiao Yu, Ali Sohail, Sadaf Manzoor and Ao Li
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Saddam Hussain: Hubei University
Chunjiao Yu: Hubei University
Ali Sohail: Xjtu - Xi'an Jiaotong University
Sadaf Manzoor: Riphah International University
Ao Li: Hubei University

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Abstract: As the extended part of One Belt One Road (OBOR) initiative that aims to interconnect the economic world, China-Pakistan-Economic-Corridor consists of different projects like road and railway, agricultural projects and energy projects in Pakistan. This paper aims to assess the current situation and the potential economic benefits of the energy projects of CPEC for Pakistan. Through research based on the statistical data, we find CPEC enormous contribution of $35 billion investment in the energy sector will bring some positive changes in energy sector of Pakistan. Actually, CPEC is playing a vital role in economic development of Pakistan.The potential economic gains include the following: increasing of supply energy mix with cheaper pricesgenerating energy by utilizing local resources-coal, wind, solar energy and water which help decreasing energy importdecrease trade depicts, encourage Foreign Direct Investment (FDI), reducing unemployment, infrastructural development, industrial zones, trade and local manufacturing industries.This study also explores some risks and challenges to the economy of Pakistan from CPEC.

Keywords: CPEC; OBOR; Social-Economic Development; Pakistan (search for similar items in EconPapers)
Date: 2020-11-30
New Economics Papers: this item is included in nep-cna, nep-ene and nep-int
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Published in International Journal of Engineering Works, 2020

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