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CPEC unfulfilled promises force Pakistan to seek new investment partners

Having been formed in 2015 to transform Pakistan's economy—by modernising its road, rail, air, and energy transportation systems—and to connect the deep-sea Pakistani ports of Gwadar and Karachi to China's Xinjiang province and beyond by overland routes, the China-Pakistan Economic Corridor (CPEC) has achieved very little and instead has left Pakistan in precarious situation economically.

Recent reports including the World Bank and Institute for Policy Reforms have painted a grim picture of a struggling economy with very little to show in terms of infrastructure with the Lahore-based think tank institute maintaining Pakistan could be slipping into a debt trap, raising national security concerns.

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