Date of Submission

Spring 2020

Academic Program

Economics

Project Advisor 1

Sanjaya Desilva

Abstract/Artist's Statement

China-Pakistan Economic Corridor (CPEC), is a joint project launched by the two countries under which China is making an investment of $46 billion in Pakistan some of this amount will be paid to the latter in the form of loans. China is building power plants, highways, railroads, and ports in Pakistan. The project is tipped to be the game-changer for Pakistan as the country faces energy scarcity and has an outdated infrastructure. The economic implications of CPEC would be discussed. Moreover, CPEC is a project under the “Belt and Road” initiative of China which connects its western province, Xinjiang to Pakistan, and the rest of the world. This thesis states that since China is investing a vast amount in Pakistan under CPEC, and a big chunk of this is investment but there are loans as well. A possibility exists that if Pakistan is unable to pay these loans, it may allow China to take over some assets in Pakistan. Therefore, I will talk about the EIC and the British Raj and draw the parallels between CPEC and EIC.

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