International Research Journal of Engineering and Technology (IRJET)
e-ISSN: 2395-0056
Volume: 11 Issue: 02 | Feb 2024
p-ISSN: 2395-0072
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CPEC and its impact: Transforming Pakistan’s Logistics and supply chain Infrastructure MUHAMMAD AWAIS1, MUHAMMAD IDREES2, 1 UNVERSITY OF PESHAWAR, KPK, PAKISTAN 2DEPARTMENT OF ELECTRICAL ENGINEERING, COMSATS INSTITUTE OF INFORMATION TECHNOLOGY,
ISLAMABAD, PAKISTAN ---------------------------------------------------------------------***---------------------------------------------------------------------
Abstract - The paper highlight the transformative role that
will permeate Pakistan and the larger South Asian area is represented by this. At a total investment that is well in excess of $62 billion, the China-Pakistan Economic Corridor (CPEC) transforms a conventional infrastructure project into a model for modern economic integration, industrial development, and the kind of arterial connective architecture that could only bind together a regional arena that is intensely contested[1] .The China Pakistan Economic Corridor (CPEC) is not just about building roads and bridges; rather, it is about weaving together an economic rebirth that is founded in the modernization of Pakistan's logistics and supply chain infrastructure. This corridor of prosperity is not simply about building structures.
the China-Pakistan Economic Corridor (CPEC) plays in shaping the infrastructure of Pakistan's supply chain and logistics is brought to light. One of the most important components of China's Belt and Road Initiative is the China-Pakistan Economic Corridor (CPEC), which intends to revitalize the historic Silk Road and establish a network of economic integration that spans Asia, Europe, and Africa. A multifaceted influence of the China Pakistan Economic Corridor (CPEC) on the landscape of logistics in Pakistan is investigated in this study. Additionally, an evaluation of how the CPEC is influencing the infrastructure of the country in terms of logistics, information technology, and regional connections is carried out. This is investigated by the study, which employs a combination of quantitative and qualitative research methodologies to investigate the massive investments in road networks, railways, ports, and logistic centers that have been strategically planned to provide the strategic and operational linkages to corridors along this economic passage. The study also investigates the massive investments that have been made in these areas. Further, it investigates the broader implications of this improved national logistics infrastructure, which should be realized as lower transportation costs, increased trade volumes, and higher degrees of domestic and cross-border competitiveness for Pakistani industry. These are all things that should be realized. One of the areas that the study investigates in some depth. The document also includes responses to detractors and validation for proponents of the China-Pakistan Economic Corridor (CPEC) projects, as well as highlighting the obstacles that CPEC projects face from geopolitical crosswinds, financial sustainability, and local communities. The purpose of this paper is to contribute to the knowledge of policy makers, industry and regional stakeholders, and researchers who are interested in the economic and infrastructural outcomes of contemporary international multilateral initiatives.
A state of chronic inefficiency has plagued Pakistan's logistics system throughout its entire history, making it difficult to function effectively. The nation's economic potential has been severely stifled as a result of the nation's outmoded transportation networks, primitive logistical facilities, and glaring lack of technological integration. Not only did these structural impediments make it difficult for local businesses to function, but they also put Pakistan at a disadvantage in terms of competition, particularly in international markets [2]. As a result of the arrival of CPEC, a scenario of tectonic transformation is presented. The artery intends to eliminate these long-standing frontiers by investing a significant amount of resources into the infrastructure of the country. At the same time, it promises to ensure that the movement of products and services throughout the region proceeds without any obstructions. The significance of the China-Pakistan Economic Corridor (CPEC) extends far beyond the measures of the macro economy; it is a reflection of the aspirations of a nation that is in the midst of a significant socioeconomic transformation [3]. The construction of 21st-century logistical networks, logistical hubs, and special industrial zones that are scheduled to be built as part of the China Pakistan Economic Corridor (CPEC) is on track to revitalize Pakistan's logistical landscape by incorporating efficiency, connection, and technological modernization into its infrastructure. The corridor is also envisioned as a gateway to regional integration because it encourages commercial ties and acknowledges Pakistan's role as a critical crossroads in the geostrategic trade routes of the coming century. This is because the corridor is a gateway to regional integration. CPEC's ambitious design, on the other hand, does not have
Key Words: CPEC, LOGISTICS, SUPPLY CHAIN, PAKISTAN, CHINA.
1. INTRODUCTION The China-Pakistan Economic Corridor (CPEC) is more than just an economic effort; it is a component of the Belt and Road effort (BRI), which is an even more ambitious plan. An unmistakable string of enormous economic aspirations that
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