CPEC to boost Pakistan GDP growth to 7.5%...

[Zain Malik]

INP
inShare
BEIJING: China-Pakistan Economic Corridor (CPEC) is expected to add over 2 million direct and indirect jobs to Pakistan's economy and boost the country's GDP growth rate to 7.5 percent, says report released by a think-tank of South Asian Investors.

According to the report, the CPEC-related projects will create some 700,000 direct jobs during the period 2015–2030 and raise its GDP growth rate to 7.5 percent, adding 2.5 percentage points to the country's current GDP growth rate of 5 percent.

An additional 1.4 million indirect jobs will be added in supply-chain and service sectors to support the projects. An example of indirect jobs is the massive expansion in Pakistan's cement production that will increase annual production capacity from 45 million tons to 65 million tons, according to a tweet by Bloomberg's Faseeh Mangi. Other indirect jobs will be in sectors ranging from personal services to housing and transportation.

The CPEC will open doors to immense economic opportunities not only to Pakistan but will physically connect China to its markets in Asia, Europe and beyond, according to the Deloitte report.

Almost 80 percent of the China’s oil is currently transported from the Middle East through the Strait of Malacca to Shanghai, (distance is almost 16,000 km and takes 2-3 months). With Gwadar port in Pakistan becoming operational, the distance would reduce to less than 5,000 km. If all goes well and on schedule, of the 21 agreements on energy– including gas, coal and solar energy– 14 will be able to provide up to 10,400 megawatts (MW) of energy by March 2018. According to China Daily, these projects would provide up to 16,400 MW of energy altogether.

China-Pakistan Economic Corridor is a game-changer for Pakistan. It will build power plants and other infrastructure, boost Pakistan's GDP growth to 7.5 percent and add millions of new jobs to bring prosperity to Pakistan.

 

[Providence]

Such articles seldom makes any sense. CPEC is a huge project extending several years if not a decade. The likely positive impact will definitely be there but would be distributed over years. You can't count all the growth to happen in same year and also use the same year as the base for calculating growth %.

 

[Qutb-ud-din Aybak]

once pakistan had achieved a growyh of around 7 without cpec. if cpec adds two points then 9% to 10% growth is possible in future.

 

[Chhatrapati]

Looks promising. Just hope there is no Corruption in the government which rides the development in negative direction.

 

[kingofkings]

Good going . . . . Hope to see more investments and joint ventures . . . .

 

[Hassan Guy]

What are we at right now?

 

[Chauvinist]

Hope all the benefits of CPEC be achieved by whole Pakistan... Not only Punjab..!!!!!

 

[Hammad Arshad Qureshi]

Nice work guys. By the way it's really funny to watch the comments on Indian news websites . Indians are dying in their jeoulsy and envy of Pakistan China Corridor.

You can easily derive three conclusions of what normal indian public thinks of CPEC to satisfy their ego :-
1) Pakistan will become colony of China. China will become East India Company.
2) India should conquer Pakistan occupied Kashmir and Balouchistan because these two lands belong to India before China gets control of them.
3) India should boycott Chinese products

 

[Asim Mirza]

Love the Cpec Hope every 1 gets the benefits from it not the kickbacks

 

[ali_raza]

just very far.we dont have leaders for tgat vision.not everyone is musharaf

 

[marbella]

Don't forget to thank NS for signing CPEC!

 

[litman]

will the effects of cpec will be transmitted to the poor general population of pak? will taxes on gen population will be reduced? will they get cheap electricity and gas? OR the rich will get richer with minimal improvement in the living standard of a common poor pakistani?

 

[Tiger Genie]

Why not? after all you have Ishaq Dar as finance minister.
http://tribune.com.pk/story/1195911/doling-praises-ishaq-dar-declared-finance-minister-year/
Ishaq Dar declared ‘finance minister of the year’
Ishaq Dar declared ‘finance minister of the year’
By Shahbaz Rana
Published: October 9, 2016

Finance Minister Ishaq Dar has nominated Pakistan’s Ambassador to United States, Jalil Abbas Jilani to receive the award on this behalf. PHOTO: INP

ISLAMABAD: A private publication, Emerging Markets has declared Ishaq Dar as ‘Finance Minister of the year 2016 for South Asia’, said the finance ministry, on Saturday, while presenting it as a big achievement for the country.

“Emerging Markets, the newspaper of the IMF/World Bank Annual Meeting, has declared Senator Mohammad Ishaq Dar as ‘Finance Minister of the year 2016 for South Asia’,” reads an official handout. However, people who have worked in the IMF and the WB said the publication does not belong to the IMF or the WB.

“The award is recognition of Pakistan’s economic performance at the IMF/World Bank Annual Meeting which is one of the major gatherings of international financial and economic leaders and experts,” said the ministry.

 

[PAKISTANFOREVER]

Such articles seldom makes any sense. CPEC is a huge project extending several years if not a decade. The likely positive impact will definitely be there but would be distributed over years. You can't count all the growth to happen in same year and also use the same year as the base for calculating growth %.

CPEC is not a finite project and "just a route". It is a continuous journey that will last many decades and is all about making Pakistan a developed modern nation to at least the standards of Turkey. CPEC is also about making Pakistan industrialised, economically powerful and self-sufficient in terms of manufacturing and developing advanced weapons systems. It's a project that has many facets and areas which have not yet been covered.

Nice work guys. By the way it's really funny to watch the comments on Indian news websites . Indians are dying in their jeoulsy and envy of Pakistan China Corridor.

You can easily derive three conclusions of what normal indian public thinks of CPEC to satisfy their ego :-
1) Pakistan will become colony of China. China will become East India Company.
2) India should conquer Pakistan occupied Kashmir and Balouchistan because these two lands belong to India before China gets control of them.
3) India should boycott Chinese products

Well thank God we are Pakistan and not East India then. Goodness knows what might happen if we were.

 

[Sam.]

Nice work guys. By the way it's really funny to watch the comments on Indian news websites . Indians are dying in their jeoulsy and envy of Pakistan China Corridor.

You can easily derive three conclusions of what normal indian public thinks of CPEC to satisfy their ego :-
1) Pakistan will become colony of China. China will become East India Company.
2) India should conquer Pakistan occupied Kashmir and Balouchistan because these two lands belong to India before China gets control of them.
3) India should boycott Chinese products

You find those comments because you go looking for them. What's that say about you.