Reviewing the Major Developments Achieved under the First Phase of the CPEC: A Contextual Analysis

Abstract

This study presented an overview of the major developments which have been achieved under the first phase of the CPEC. The study mainly had two major aims: firstly, it aimed to review the significant achievements which the economy of Pakistan has achieved after completing the first phase of the CPEC; secondly, it aimed to explore and explain the main hurdles which have resulted to hinder the smooth implementation of the main projects which were aimed to be completed under the first phase of the CPEC. This study signifies that despite of the undesirable delaying conditions and multiple challenges in the smooth implementation of the first phase of the CPEC, Pakistan and China have managed to achieve almost all of the major targets of the Phase-I of the CPEC. This study concluded that it is in the high interest of both counterparts of the CPEC i.e. China and Pakistan to successfully complete the CPEC project. Further for achieving the aforesaid purpose, both of the states have to continue their mutual cooperation for the overcoming the potential hurdles, and try to complete the remaining two phases of the CPEC as soon as possible i.e. for availing the full benefits of the CPEC project(s).