People at the Uyghur region of Xinjiang are now enjoying seafood from Pakistan, thanks to the China-Pakistan Economic Corridor.
The China-India trade deal has facilitated roads and easier modes of trade between China and India. The roads are now enabling Pakistani fish traders to sell to China’s northwest region.
The trade now comprises of 2 percent of total commerce between China and Pakistan. The trade route of seafood will eventually lead to more products as the CPEC develops.
Marko Dimitrijevic, the author of Frontier Investor, said, “The China-Pakistan Economic Corridor (CPEC) has been described as a Marshall Plan for Pakistan.”
He added, “It is a $51 billion, a 15-year project that will ultimately create a 2,000-kilometer highway/railway/pipeline route from Western China to Pakistan’s Gwadar Port, knocking over 10,000 kilometers off the current sea route for Middle Eastern oil to China.”
The expert also said that the corridor will eventually lead to the construction of “a high-speed railway from Karachi to Lahore to Peshawar, and over 26,000 MW of electric generating capacity.”
The China Electric Power Equipment and Technology Company Ltd. acquired 174 acres of land in Pakistan to build the Matiari-Lahore high voltage direct current transmission line power project.
The project is estimated at the $1.57 billion and will generate power as much as 660 kilovolts. Assistance for the acquisition of the land was given by the Pakistani government.
The project will be the country’s first mega direct current structure. It is expected to deliver 4,000 megawatts of electricity.
A minister for power and water from the Pakistani government said, “We have completed the land acquisition for two mega converter stations of the project that will be built near Balloki.”
He added, “We have also handed over control of the Lahore land to the Chinese firm. The possession of land in Hyderabad is likely to be completed soon.”