Abstract
Pakistan and China all-weather friends have strengthened their economic, political and
strategic relations with the passage of time. Both of them emphasize their economic
relation that remains neglected through the ages. In the year 2013 a milestone was
achieved when the agreement of China, Pakistan Economic Corridor (CPEC), stimuli to
economic relations was concluded. The project would not only connect Pakistan and
China, but is potential enough to integrate Asian countries. It will contribute to the
improvement of strategic and economic environment of the region. There are some
challenges as the project has some diverse effects on the political interests of some
actors. The major objective of the study is to expose the economic and strategic
importance of CPEC and to find out its impacts on Pakistan’s development. To achieve
the mentioned objective, empirical, analytical and predictive methodology is applied.
This research concludes that the project would be a game changer.
