CPEC-Driven Energy and Infrastructure Investments as Catalysts for Entrepreneurial Growth and Economic Development

Abstract

This study is designed to highlight the impact of the CPEC on Economic development through investments in energy, infrastructure, and job creation. Secondary data was obtained from a research paper published by the Ministry of Planning and Development. As the project is in process, conclusive data constantly needs to be updated; therefore, the data used consist of facts as well as hypotheses. This study highlights the multidimensional benefits of CPEC, which will help Pakistan overcome its energy crisis that has engulfed the economic growth of the country over the past few years. Overall, national problems are probably resolved by the CPEC; for example, it will be helpful in overcoming energy deficiency, reducing the unemployment level and hence the poverty level, and improving the living standards of common men by contributing to the growth in GDP. This project will encourage the overall growth of entrepreneurship and development as a catalyst for economic growth. The quantitative method is adopted using secondary data, as the data consists of facts as well as the hypothesis, the interpretation may not provide the result with 100 % accuracy. This will help student researchers and teachers in academia understand CPEC and open new horizons for research. The results reveal that the economic corridor links economic stakeholders within a geographic location, coupled with the concentration of enormous resources and people in the uplift of an area. Society can better understand the social implications of these projects through social reforms. It is recommended that a holistic impact study be conducted to assess the effects on the economy. Expand business and entrepreneurial creations, particularly in the energy sector. Ultimately, it will affect businesses by providing the opportunity for expansion, the government by increasing it in the form of taxes, and so on.