Special Economic Zones

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Political and economic instability has slowed Pakistan’s ability to fully realise CPEC’s potential, particularly its second phase focused on industrialisation, Special Economic Zones, agriculture and technology. The article examines how policy inconsistency, security risks, bureaucratic hurdles, weak investor confidence and political uncertainty affect CPEC and Pakistan-China relations.
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Ten years of the China-Pakistan Economic Corridor have transformed Pakistan-China economic cooperation through major investments in energy, infrastructure and connectivity. This article examines CPEC’s achievements, Phase II prospects, socio-economic potential and the challenges that will shape its future.
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CPEC Phase-II offers Pakistan major opportunities in industrialization, agriculture, trade, renewable energy, and regional connectivity, but security, political instability, debt pressure, and regulatory hurdles remain key challenges.
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