Posted on April 04, 2018 at 04:00 PM
The most awaited "CPEC Long-Term Plan" was finally unveiled on 18, December 2017. Long-term Plan was launched by Pakistan and Chinese Government after the successful completion of Early Harvest program (EHP) started from 2015. Projects started according to EHP were completed with an amazing progress. CPEC's Early Harvest program (EHP) gave a positive image of transparency and Governance and CPEC early completed projects. On 18 December Interior Minister Ahsan Iqbal revealed a 26 pages long-term plan of CPEC. CPEC Long-term plan was approved by 7th Joint Coordination Committee (JCC).CPEC Long-Term plan is defined by the seven pillars of economic principles of inclusive and sustainable development. The defined seven pillars of Long-Term Plan are Energy, Connectivity, Industrial parks, trade, Poverty alleviation and agricultural reforms, Financial cooperation between Pakistan and China, Non-Governmental exchanges and cooperation in areas concerning people's livelihoods and Tourism in both countries with the focus on maritime tourism across Karachi, Keti bander, Sonmiani, Ormara, Gwadar, Jhal Jhao, Jiwani and Gaddani routes. The Interior Minister Ahsan Iqbal Said that CPEC Long-term Plan provided a conceptual framework for Pakistan and China till 2030 and a briefed research framework for industrialization in the Country. The Long-term plan has been divided into three phases. The CPEC Short-term projects will be completed by 2020, the CPEC medium-term projects will be completed by 2025 and the long-term plan will be completed by 2030. The public-private partnership will play a crucial role and billions of dollars will be spent on the projects started by both countries. The long-term plan of CPEC has the following salients dimensions:
In this phase, an integrated transport system and infrastructure is the basic priority to the long-term plan which includes development and construction of the road which starts from Kashgar-Islamabad, Peshawar-Islamabad-Karachi, Dera Ismail Khan-Hakla, Sukkur-Gwadar port and Dera Ismail Khan-Quetta-Gwadar port. Expansion and modification of existing railway lines, Construction of new projects and modernization of railway system. Development & construction of Gwadar city port, Airport and Eastbay expressway will transform the city of Gwadar into an international trade hub.
To boost information technology infrastructure China and Pakistan should boost information connectivity. In this regard, a fibre optic cable is being laid between Pakistan and China. It will upgrade Pakistan data centres submarine cable station, e-commerce, e-government, monitoring safety and border monitoring system.
Pakistan and China will cooperate in trade and industrial areas. It will expand bilateral economic and trade relations. Both Countries cooperate in improving productivity and efficiency in the garment and textile industry. Pakistan focused on existing industries to modernize and expansion of its size. The long-term plan focused on the promotion of Special economic zones and the industrial capacity such as chemical and Pharmaceutical, agro, iron & steel and Home Appliances.
CPEC will allow both countries to modernize and strengthen agricultural infrastructure through the introduction of new technologies such as production processing, storage and transportation, biological breeding, disease prevention and control, water resource utilization and water saving agricultural zones. strengthening production of agriculture inputs particularly fertilizer, machinery, pesticides, fisheries, livestock, horticulture and forestry.
China and Pakistan decided to further exploit the potential of the tourism industry in the areas along the CPEC, especially covering the border areas and development of coastal areas which include Karachi and Gwadar as the tourism hubs.
China and Pakistan strengthen cooperation between local governments and non-governmental organizations. Both governments focused on people's livelihood improvements. China focused on Pakistan to apply china's and international urbanization concepts as it includes; construction of municipal construction, public transport and water system drainage system. Training programs, social and economic development, R&D activities, public social welfare cooperation mechanism in Gwadar for public support in Gwadar.
In the last Ahsan Iqbal said that Pakistan and China will also enhance monetary cooperation between their central banks. "Pakistan and China have agreed on the bilateral currency swap arrangements and both countries will prefer making payments in yuan and rupee for CPEC projects rather than other currency.