1. PAK CHINA ECONOMIC CORRIDOR

2. Abdul Ghani Shahzaib 16FMBA2E006
Business & Electronic Communication
Sir, Shahab Shiekh
PAK CHINA ECONOMIC CORRIDOR

3. PAK-CHINA ECONOMIC CORRIDOR
The Karakorum highway was started in 1959 and was completed in 1979 (open to the public since 1986 )
Length 1,300 km (Pakistan 887 km ) China 413 km
It connects China's Xinjiang region with Pakistan's Gilgit–Baltistan and Khyber Pakhtunkhwa regions
Major cities Hasanabdal, Abbottabad, Thakot, Chilas, Gilgit, Aliabad, Sust, Khunjerab Pass, Kashgar
The importance Karakoram Highway
Chinese companies
Tourism in Pakistan
Transportations
PAK CHINA ECONOMIC CORRIDOR

4. The KKH highly contribute economic activities of both countries export and import
PAK CHINA ECONOMIC CORRIDOR

5. Economic Gateway Gwadar
On 8 September 1958 prince Government of Pakistan purchased the Gwadar enclave from Oman for $3 million and officially became part of Pakistan
Gwadar Port is located at the mouth of the Persian Gulf
Gwadar is a planned free trade port
Gwadar Port is a strategic developed jointly by the both countries
National Highway Authority (NHA) began construction of the 653 km-long Makran Coastal Highway linking Gwadar with Karachi,
In 2004, Pakistan's NHA began construction of the 820-km long M8 motorway linking Gwadar with Ratodero in Sindh province Turbat, Hoshab, Awaran and Khuzdar
In Civil Aviation Authority of Pakistan acquired 6,000 acres (17-24 km2) to construct a new greenfield airport, at an estimated cost of Rs 7.5 billion.

6. CURRENT PAK-CHINA ECONOMIC CORRIDOR DEVELOPMENT
Gwadar-Khunjerab-Kashgar rail network
Gwadar-Khunjerab-Kashgar rail network
connecting the maximum number of population through a network of highways and railways
six-lane motorway to be built from Karachi to Lahore. MoU’s signed with China
PAK CHINA ECONOMIC CORRIDOR

7. OBJECTIVE OF PAK-CHINA ECONOMIC CORRIDOR
Increase the volume of trade between Pakistan and china
Take full advantage of preferential trade agreement(PTA) and free trade agreement (FTA)
Increase export to china, recently export to china is $3.14 billion
Pakistan and china are second largest partners in south Asia, this will help to retain partnership
Widen Karakorum high way and open new economic corridor from china to Gwadar
Approximately reduce km distance and it is the shortest route
PAK CHINA ECONOMIC CORRIDOR

8. PAK CHINA ECONOMIC CORRIDOR

9. OBJECTIVE OF PAK-CHINA ECONOMIC CORRIDOR
Expand trade with Afghanistan and it help both countries to play their role in post Afghanistan
Expand trade with Russia by providing trade route till Gwadar port
Development of infrastructure along Pakistan
China access to the Indian Ocean with the aim of widening its geopolitical influence and military presence in the region
Job opportunities and economic development in Baluchistan
Increase Chinese investment, Pakistani investment in china will also be encouraged
PAK CHINA ECONOMIC CORRIDOR

10. OBJECTIVE OF PAK-CHINA ECONOMIC CORRIDOR
Regional peace, prosperity and elevate the life of poor people of south Asia
Enhance trade among Pakistan, China, Gulf States, Central Asia and Africa
China is interested to extend the Iran-Pakistan pipeline to its western territory
PAK CHINA ECONOMIC CORRIDOR

11. ADVANTAGES OF PAK-CHINA ECONOMIC CORRIDOR
Can benefit new emerging regional cooperation
Save time, cost and freight charges
Facilitate trade, have Economic Zone en-route and will allow reaping of full benefits of development, economic and social uplift
Increase the economic collaboration between both countries by connecting western china to Gwadar
Regional stability in Asia as well as whole world
Pakistan economy will Boost

12. DISADVANTAGES:
FTA leads to threat for local markets and local manufacturers
Disturb of local industries
Difficult to compete chine’s product in market
Dependent to China
PAK CHINA ECONOMIC CORRIDOR

13. Huge difference between Balance of payment Trade deficit
Pakistan-China trade increased by 17.6% to a total of US$ 12.4 billion in 2012.
China export to Pakistan is 9.3billion
Pakistan’s export to china is 3.14billion
PAK CHINA ECONOMIC CORRIDOR

14. DISADVANTAGES: Focus on import rather than Domestic production
Threat for potential group
Due to free trade agreement with china leads to lack of competition.
PAK CHINA ECONOMIC CORRIDOR

15. Recommendation:
Pakistan should create stability In its terrority to implementation on that plan
To make positive balance of trade Pakistan should increase exports
Agriculture products
Textile products
Leather
PAK CHINA ECONOMIC CORRIDOR

16. Recommendations Implementations of agreements should be addressed
Should provide latest technology
Think tank should collaborate by both countries
Implementations of agreements should be addressed
PAK CHINA ECONOMIC CORRIDOR

17. Recommendations Make efforts to diversify market in China
Security issues, law and order system are main obstacles in the way of Pak-china economic corridor
Pakistan should develop the training centers and Chinese language centers in order to make effective communications
PAK CHINA ECONOMIC CORRIDOR

18. PAK CHINA ECONOMIC CORRIDOR
Conclusion
Natural Gateway for China
Positive response by both countries through mutual cooperation
Both countries are keen to enhance trade activities
PAK CHINA ECONOMIC CORRIDOR

19. CONCLUSION: Infrastructural improvement and Development of Dams
Stability of economy by investment in different sectors
“our friendship is “higher than the mountains, deeper than the oceans, stronger than steel, dearer than eyesight, sweeter than honey”.
PAK CHINA ECONOMIC CORRIDOR

20. PAK CHINA ECONOMIC CORRIDOR