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When was CPEC established?

A. 2010
B. 2012
C. 2015
D. 2017

Show Answer
Answer: C (2015)

Explanation:

CPEC stands for China-Pakistan Economic Corridor. It is a collection of infrastructure projects under construction in Pakistan. The project was launched in 2015, and the initial cost was estimated at $46 billion, which has since increased to $62 billion. The corridor is considered a part of China’s Belt and Road Initiative (BRI) and is intended to connect the Pakistani port of Gwadar to China’s northwestern region of Xinjiang, via a network of highways, railways, and pipelines to transport oil and gas.

CPEC’s Importance:

CPEC is a significant project for both China and Pakistan. It is expected to boost Pakistan’s economy by creating job opportunities, improving the country’s infrastructure, and providing a gateway for trade with China and other Central Asian countries. It is also expected to promote regional economic integration and strengthen ties between China and Pakistan.
However, the project has also been criticized for its potential environmental and social impact. Critics argue that the construction of infrastructure projects may cause environmental degradation and displace local communities. Nevertheless, the Pakistani government has assured that the project will be carried out while ensuring the protection of the environment and the rights of the local communities.

In Short, CPEC is a crucial project that has the potential to bring economic growth and development to Pakistan, but it needs to be executed while addressing the concerns of its critics.

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