China-Pakistan Economic Corridor (CPEC)
CPEC is connecting China’s Xinjiang with Pakistan’s Gwadar port and is regarded as the flagship project of the multi-billion dollar Belt and Road Initiative (BRI) which is aimed at furthering China’s global influence with infrastructure projects funded by Chinese investments all over the world.
The CPEC is bilateral project between Pakistan and China, intended to promote connectivity across Pakistan with a network of highways
China-Pakistan Economic Corridor
China's recent investments in infrastructure projects under its Belt and Road Initiative (BRI) have decreased, while it's short- and medium-term support to partner nations has increased, according to research from the Green Finance and Development Centre.
Outcomes of the report:
Reduced Investments
China's engagement in 147 nations through contracts and financial investments totalled $28.4 billion in the first half of 2022, an increase
China-Pakistan Economic Corridor (CPEC)
A nuclear reactor worth USD 2.7 billion was commissioned in Pakistan as part of the China-Pakistan Economic Corridor (CPEC), offering some relief as the country struggles with an energy crisis.
This 1,100-megawatt power facility will produce some of the least expensive electricity in the country.
Recent statewide power disruptions in Pakistan were caused by a national grid malfunction.
Blackouts have been a long-standing problem in the nation,