The Impact of CPEC Phase II on Pakistan’s Regional Development

Abstract

The China-Pakistan Economic Corridor (CPEC), part of China’s ambitious Belt and Road Initiative (BRI), is a transformative venture with profound implications for Pakistan's regional development. After the successful execution of Phase I, which focused on infrastructure and energy, Phase II pivots towards industrial cooperation, socio-economic development, and agriculture, seeking to address Pakistan's regional disparities. This article examines the impact of CPEC Phase II on Pakistan’s regional development, exploring its contributions to economic growth, infrastructure enhancement, and socio-economic progress. It highlights the challenges and opportunities presented by this phase and offers policy recommendations to maximize its potential for fostering equitable regional development.