Magnetic port of Gwadar and CPEC.

The CPEC with an investment of $62bn in energy and infrastructure development in Pakistan seems indispensable and sizeable to Pakistan's economy. Besides enhancing bilateral trade between Pakistan and China, the CPEC is also going to oblige Africa as a gateway.

Under CPEC Chinese multinationals and other private companies have guaranteed to invest $20bn in the energy sector and a massive amount of above $42bn in other sectors of Pakistan's economy. In the past few years, China's outward investment has increased tremendously and it is currently a global leader in the construction of transportation infrastructure but the signature 'Belt and Road Initiative' (BRI) is often portrayed as a threat by policymakers and media in the West. Belt and road initiative (BRI), is China's most ambitious mega-project with the potential to transform the geopolitics and economics of many countries western media highlighted China's strategic objectives in BRI as a game that enhances China's power and influence the region but if we focus on the cost efficiency than no doubt that, Chinese initiative promote inter-regional connectivity and trade that ultimately drive higher economic growth in member countries.

If we review all from Pakistan's perspective then it's not only the need but the game changer for Pakistan's economy. Our domestic economy is suffering from poor infrastructure, energy and power shortages accompanied by the average shortfall of electricity from 4000 to 7000 MW per year but hopefully, CPEC completely change the dilemma of energy shortage in Pakistan as the cost of energy shortages and chronic power cuts reach 7% of the GDP (which is a direct drag on economic development, on the improvement of people's livelihood, and even on the development of the national defense).

The CPEC will address Pakistan's energy crisis and will fill the fundamental shortage of energy and electricity as 76% of CPEC-related projects are in the energy sector Fully stimulating the economic development of Pakistan. China and Pakistan both have signed 51 cooperation agreements covering transportation and logistics, infrastructure, port development, energy, agriculture, trade, finance, health, media marine science and education. Currently, $46bn of projects are being defined and implemented in Pakistan's infrastructure which is about 20% of Pakistan's total GDP. This amount of foreign investment in Pakistan is equal to the total amount of foreign investment made in the...