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China Pakistan Economic Corridor (CPEC)

The CPEC is an ongoing development mega project which aims to connect Gwadar Port of Pakistan to China’s northwestern region of Xinjiang, via a network of highways, railways and pipelines. The economic corridor is considered central to China–Pakistan relations and will run about 2700 km from Gwadar to Kashghar.

China-Pakistan Economic Corridor and its connectivity with Central Asia, Middle East and Africa will help to shape entire region. Overall construction costs are estimated around $46 billion, with the entire project expected to be completed in several years.

Textile

  • Pakistan is the 8th largest exporter of textile products in Asia.
  • It is 4th largest producer and 3rd largest consumer of cotton.
  • It comprises of 46% of the total manufacturing sector and provides employment to 40% of the total labor force.
  • 5% of the total textile companies are listed on the stock exchange. There are 423 textile industries working in the country.
  • Pakistan has supply base for almost all man-made and natural yarns and fabrics, including cotton, rayon and others.

Logistics

  • With a population approaching 210 million, Pakistan is the 6th most populous nation in the world and continues to grow at a high rate of 2.4% per annum
  • Transport itself contributes 22.3% of the services sector GDP and accounts for approximately 6% of the nation’s total employment.
  • Gross Domestic Product (GDP) growth is 5.3% in 2016-17.
  • International transport is connecting Pakistan via its border crossings, ports and airports to its neighboring countries and further abroad.
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