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Annual Report 2021 – 22: China Study Centre Iba Karachi, China Study Centre, Institute Of Business Administration
Annual Report 2021 – 22: China Study Centre Iba Karachi, China Study Centre, Institute Of Business Administration
China Study Centre - Research and Reports
Pakistan has a longstanding relationship with the People’s Republic of China, as Pakistan was the first country to recognize it. Over time, the strategic and economic relationship between both the countries have been strengthening through various joint projects, with China-Pakistan Economic Corridor (CPEC) being an exemplary project. CPEC is China’s 15-years old, $62 billion investment in Pakistan. Moreover, the flagship project of its Belt and Road Initiative (BRI) took a five-decade-long strategic alliance between the two countries to the economic sphere in 2015. CPEC is best seen as an economic peg in terms of broader strategic relationships between both countries. …