ESSAY ON "Importance of CPEC for Economic Development of Pakistan."
It is true that this CPEC has its own importance for Pakistan. On the other hand, the development and progress of the China-Pakistan Economic Corridor project has spurred and given birth to some debating issues. If this CPEC project will be completed then the economic cycle of Pakistan will start moving at a maximum speed. For the information, this CPEC is a package that consist of the infrastructure projects and these projects have a worth of $46 billion. The amount of $33 billion, it is dedicated and fixed towards establishing and creating energy and also power projects in Pakistan. Below are some more valid reason with regard to the importance of CPEC for Pakistan.
It is because of this CPEC that we will be able to improve our energy supply and too textiles and manufacturing. Because of this project, there will be an increase in exports for our country and this will ultimately lead to and result in the sustained and massive economic growth.
This CPEC will create and make at least and about 7,00,000 direct jobs. It will come out as a springboard so that the industries like that of retail and hospitality and also health and education can be developed in a better way.
It is reported that if this CPEC project will gets complete on time then the real-estate industry will to get a benefit. It is seen that in Gawadar, all of the property prices got doubled in these recent months.
This CPEC is a blessing for us because it can well catalyse the performance of Pakistan. It can transform our country right from an agrarian economy to a massive one logistics hub. This CPEC project consist of many of the coal fired power projects and plants. These projects can for sure make a contribute in solving our energy crisis.
We are sure that this CPEC project can bring an economic revival for Pakistan. It is the time that we should reduce these socio-economic inequities among all of our ordinary citizens. This project can help us in this aspect. This is all about the importance of CPEC for Pakistan. This project is almost at the completion stage. The economic position of Pakistan will for sure improve in a dramatic way upon the completion of this project.
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