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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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