CPEC Facts and Fictions

CPEC Facts and Fictions

CPEC Facts & Figures:

  • CPEC Facts: Karachi-Peshawar Motorway Project will create 9800 local jobs. Its starting point will be Multan and ending point will be Sukkar.
  • Government of Pakistan (GOP) claims to revive Diamer Bhasha Dam on Indus river in Gilgit Baltistan, in the second phase of CPEC, resulting in the production of 4500MW of electricity. (Deloitte)
  • China had over $1,500 per capita income only 13 year ago – a level Pakistan achieved last year. This means Pakistan is 13 only years Behind China and can catch up.(China’s Charge d’Affaires, Lijian Zhao)
  • CPEC long term plan LTP (2017 – 2030)is divided into three phases that will be effective till 2030. (Government Of Pakistan)
  • Quaid-e-Azam 1000MW Solar park Bhawalpur created over 3000 local jobs and internships for over 50 Pakistani universities Students.(China Pakistan Economic Corridor)
  • 91% of the income from Gawadar Port goes to the Chinese while Gawadar Port Authority would get 9% of the income.(ttps://www.dawn.com/news/1372695)
  • Access to electricity for the rural population increased from  90.3% in 2015 and 98.8 in 2016.
  • CPEC related projects to create 2,320,000 jobs across Pakistan by 2018. Rate of unemployment to reduce from 5.9% to 3.3%.(China Pakistan Economic Corridor)
  •  2 to 2.5% annual economic growth rate is expected till 2030.(Applied Economic Research Centre)
  • Over the next decades, 10 countries are expected to add 4.3 trillion dollars to global GDP. That’s the equivilent of adding another Japan to the Country.(BMI Research and CIA World Facebook)