No, it never was. The premise of a economic corridor is -
- you lay the hard part - infra, ports, roads, economic parks, power supplies etc
- you lay the soft part
This has been now done to a large degree. Karachi is now almost connected to the north by motorways, Power issues have been resolved. However has Karachi begining to turn into next Shenzen or Hong Kong as a manufacturing hub? The answer is firm NO.
Gwadar Port is now complete. Is the port roaring with exports? Or even imports? The port is quiter than a graveyard. The answer is form NO.
Basically Pakistan has got lots of infra and power problems have been resolved but what is it exporting? NOTHING. How does the country make dollars?
- Ex-pat workers send money via remittances
- Loans from international banks or lenders like IMF.
Has CPEC failed? The jury is out but it is looking like a big flop.
This then attracts millions of entreprenuers local and international. Investors pour in billions. Soon a thriving economic corridor takes root relying on the 'hard part' and connects up with global markets or investors. This has failed miserably. How many Chinese entrepeneurs have been attracted?
bhai why you always try to debate those issues about which you have no idea .... ???
Karachi is not Shenzen or Hong Kong and neither it will come close to these cities for at least 10-15 years do you have any understanding or knowledge Why is this the case .... ???
I won't go into details but in short Karachi have some internal issues related to Infrastructure and Governance .... same is the case with whole Sindh Province .... which will be the least beneficiary of CPEC projects for obvious reasons ... in future even Baluchistan will surpass Sindh in infrastructure & economic activity.
So plz don't argue subjects with superficial knowledge
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Now for those who are still thinking CPEC only as an agreement for Transit of Chinese goods need to answer
Why China and Pakistan are cooperating in
Agriculture specially in high yeild crops and cooperation to improve seed quality.
Why Chinese are constructing Dams ..... ???
Why Special Economic Zones are being set up in KPK and Punjab and why Chinese companies are buying lands in those .... ???
As far as manufacturing sector is concern and almost stagnant export by this sector is concern plz need to answer what is the current manufacturing capabilities of Pakistan.
And for Chinese investment why Chinese auto manufacturers are entering in joint investment agreements in Pakistan with local investors ... why Suzuki and other establish Japanese auto brands first time facing serious competitions ..... ??
Why Haire have invested in home appliances mobile handset, laptop manufacturing .... ??
Why other mobile hand set companies are investing in Pakistan ..... ???
So on and so there is many things happening in Pakistan in economic fronts which will bear fruit in next decade ..... so rather to question on the basis of superficial knowledge people need to study this subject more deeply ....
hack even I am not current with latest developments ....