China-Pakistan Economic Corridor: A Comprehensive Guide to Enhancing Economic and National Security, Stability, and Sustainability

Jana Awez (), Tayyaba Khan and Areeba Falak
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Jana Awez: Department of Political Science & International Relations, International Islamic University, Pakistan.
Tayyaba Khan: Department of Political Science & International Relations, International Islamic University, Pakistan.
Areeba Falak: Department of Political Science & International Relations, International Islamic University, Pakistan.

Journal of Economic Sciences, 2023, vol. 2, issue 1, 13-26

Abstract: A strongeconomy is the backbone of a strongnation. Pakistan has experienced security challenges since the beginning that has shifted its attention to defense,which diverted its focus fromeconomic stability. And from the standpoint of independence,Pakistan has territorial disputes with neighboringcountries such as Afghanistan and India. This has made it difficult for the country to maintain strong trade relations with them and has hindered diplomatic relations withPakistan. Programs like China Pakistan Economic Corridor (CPEC)have provided the country with an opportunity to improveitseconomic conditions. The CPECcan be a gamechanger for Pakistan. It isa project of regional connectivity, a partof China'sBeltand Roadinitiative (BRI) This would assist not just Pakistan but also Iran, Afghanistan, and Central Asian countries and in some way Middle Eastern states. Under this program,these countries will have improvedroads, railways, air transportation, and the frequent and free exchange of goods so that they will have open borders like European countries as a resultof which Pakistan will have less security issues and more economic opportunities. Pakistan's current budget (2022-23) allocates 58 percent of its budget to loan repayment and defense, the remaining 42%(News, 2022)is very less for making the country stable or sustainable. The CPECis a long-termprogramthat will help Pakistan achieve economic and national stability and sustainability. The CPECmodel is a win scenario that will result in a linked and integrated area that shares harmony and growth.

Keywords: China-Pakistan Economic Corridor; Security; Economic Stability; Economic Sustainability; SWOT Analysis (search for similar items in EconPapers)
JEL-codes: H51 I18 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:azm:journl:v:2:y:2023:i:1:p:13-26

DOI: 10.55603/jes.v2i1.a2

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