The China-Pakistan Economic Corridor (CPEC) as a source of Economic Power
It is agreed that Pakistan may need to seek financial assistance from the IMF and that this support may come with the backing of China. China has invested in Pakistan for mutual benefit and as a good friend. The Chinese government’s investments have had a positive impact on Pakistan’s economy. According to data from the Board of Investment (BOI), it is expected that the Pakistani economy will experience a multiplier effect in 2020 and beyond as a result of the 15 billion dedicated to infrastructure and 35 billion for energy projects under the China-Pakistan Economic Corridor (CPEC). These projects, which focus on necessary infrastructure and energy development, are necessary to attract investment and stimulate economic growth. It is important to note that Pakistan is in control of the CPEC, which will give it more support and negotiating power in the future. Do you want to know the best part? Today, China is guaranteeing IMF for helping Pakistan.
