China’s Belt and Road Initiative: A Perspective from Pakistan Jawad Syed Suleman Dawood School of Business Lahore University of Management Sciences Working Paper: LUMS/CPMI/2018/05/2 Suleman Dawood School of Business Lahore University of Management Sciences China’s Belt and Road Initiative: A Perspective from Pakistan China’s Belt and Road Initiative: A Perspective from Pakistan• Jawad Syed Suleman Dawood School of Business Lahore University of Management Sciences
[email protected] May 2018 • The author is thankful to Dr Omair Haroon, Dr Shahid Rashid and Ms Ayesha Khan for their valuable comments on this paper. -2- China’s Belt and Road Initiative: A Perspective from Pakistan China’s Belt and Road Initiative: A Perspective from Pakistan Synopsis This paper offers a critical overview of the Belt and Road Initiative (BRI), which is a Chinese development strategy that focuses on economic, cultural and political cooperation between China and the world through the land-based and maritime Silk Road. In particular, it discusses the Pakistani section of the BRI, known as the China Pakistan Economic Corridor (CPEC). The paper discusses the financial and other aspects of CPEC, highlights its significance for China and Pakistan, and also outlines some key issues and challenges. Key words: Belt and Road Initiative, China Pakistan Economic Corridor, One Belt One Road, Silk Road -3- China’s Belt and Road Initiative: A Perspective from Pakistan Introduction: The Belt and Road Initiative The Belt and Road Initiative (BRI) is a Chinese development strategy that focuses on connectivity and cooperation between China and the world through the historical land-based and new maritime Silk Road.