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CPEC and Its Potential Benefits to the Economy of Azad Jammu and Kashmir, Pakistan

  • Muhammad Khalique
  • T. Ramayah
  • Khushbakht Hina
  • Abdullah Farooq 
Chapter
Part of the Palgrave Macmillan Asian Business Series book series (PAMABS)

Abstract

Historically, both Pakistan and China have deep ties of friendship in different ways. Significantly, these ties have strengthened the geopolitical cooperation along with the strategic impetus for both countries in the region, although the socioeconomic aspect has been focused but not prioritized. To address this matter, in 2013 a milestone was achieved between Pakistan and China on economic cooperation to strengthen and accelerate economic relations. This project has great importance not only for the expansion of trade and industry in the region, but for the connection of the Pakistani and Chinese people to the rest of the world. The major objective of this study is to explore the economic and strategic importance of the China Pakistan Economic Corridor (CPEC) and to find out its impacts on the development of Azad Jammu and Kashmir, Pakistan. It can be concluded that CPEC will contribute to the socioeconomic development and expansion of industries in Pakistan. Simultaneously, it will contribute to the development of infrastructure, industry, tourism, connectivity, energy, food, livestock and the social fabric in Azad Jammu and Kashmir. Finally, this study proposes some recommendations for policymakers to capitalize on this megaproject.

Keywords

China Pakistan Economic Corridor (CPEC) Economy Growth Development Investment Azad Jammu and Kashmir 

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Copyright information

© The Author(s) 2020

Authors and Affiliations

  • Muhammad Khalique
    • 1
  • T. Ramayah
    • 1
  • Khushbakht Hina
    • 2
  • Abdullah Farooq 
    • 3
  1. 1.School of ManagementUniversiti Sains MalaysiaPenangMalaysia
  2. 2.National University of Modern Languages (NUML)IslamabadPakistan
  3. 3.MUST Business SchoolMirpur University of Science and Technology (MUST)Mirpur, Azad Jammu & KashmirPakistan

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