How CPEC phase II will galvanize industrialization and employment in Pakistan | Best for CSS, PMS Current Affairs, Pakistan Affairs, and Essay Papers
The following question of CSS Pakistan Affairs 2021 is solved by Anum Saba under the supervision of Miss Nirmal Hasni. She learnt how to attempt 20 marks question and essay writing from Sir Syed Kazim Ali, Pakistan’s best CSS and PMS English essay and precis teacher with the highest success rate of his students. This solved past paper question is attempted on the pattern taught by Sir to his students, scoring the highest marks in compulsory and optional subjects for years, and uploaded to help aspirants understand how to crack a topic or question, how to write relevantly, what coherence is, and how to include and connect ideas, opinions, and suggestions to score the maximum.
Outline
Introduction
Creating special economic zones (SEZs) and tax-free industrial hubs at multiple locations under CPEC phase II can attract domestic and foreign investors to invest in industrialization. That, as a result, can give small scale businesses an inevitable boost. If this happens, the phase II of CPEC can eventually support job opportunities, boosting the country’s socio-economic development.
Current Scenario
- Startup of Phase II after the completion of phase I
- Special focus on Special Economic Zones (SEZs) building, industrial building, infrastructure building, employment opportunities, and technological advancements
Industrial uplift
- Industrial development
- Infrastructure development
- Technological advancements
Employment opportunities
- Creation of Special Economic Zones (SEZs)
- Opportunities for skilled labour
- An increase in GDP will eventually open new employment areas
Critical Analysis
Conclusion
Answer to the Question
Introduction
CPEC is a new future for Pakistan under the project of the One Belt One Road (OBOR) initiative. CPEC phase II is an increment of phase I leading to technological advancements, infrastructure building, and economic zones creation. Socio-economic growth is the significant priority of the phase. Moreover, Special Economic Zones (SEZ) are being created to spread equal growth opportunities to the masses. It boosts industry and creates economic opportunities by creating more economic zones; creating industries at different locations helps improve people’s living standards. Furthermore, it will attract investors globally, eventually leading to employment and Foreign Direct Investment (FDI) upraise. The creation of new industries ultimately brings job opportunities for youth that will help in inclusive economic growth. Therefore, phase II is considered a game-changer for Pakistan. This answer comprehensively discusses how CPEC II helps in industrial and economic boost.
“CPEC is the best project for Pakistan’s social and economic development, and it guarantees the country’s bright future.” Asim Saleem Bajwa (CPEC Authority Chairman)
Industrial Development
CPEC phase II basically promotes re-industrialization and infrastructure all across Pakistan. Industrial development is a crucial incentive for the country that helps massive infrastructure development and rapid economic growth. By 2025, Pakistan can assist medium-sized businesses to grow and aid people to have the basic necessities of life. Furthermore, by 2030 Pakistan will be able to have sustainable economic growth. Nine SEZs will be made, and three SEZs: Rashakai, Faisalabad, and Dhabheji, will be made functional in the first stage. To have socio-economic stability, trade uplift, and employment opportunities, Special Economic Zones (SEZ) are a must. Furthermore, creating the Steel and Metal Recycle Plant in Gwadar will produce metals of export quality worth $4.5 billion. Industrial development supports not only infrastructure building but also technological advancements. Furthermore, the creation of the Main Line-1 (ML-1), a railway project, will enhance connectivity, which leads regions to connect and have joint economic ventures. Thus, to gain maximum benefits from CPEC, Pakistan needs to work on skilled labour to provide economic opportunities to its own youth.
“The China-Pakistan Economic Corridor (CPEC) has taken this relationship to new heights. It has contributed significantly to the development of ports, roads, and energy infrastructure in Pakistan. CPEC has now entered into the second phase focusing on industrial cooperation, trade, agriculture, and socio-economic development.”
― Zahid Hafeez Chaudhri, Foreign Office Spokesperson
Employment Opportunities
The creation of Special Economic Zones (SEZ) enhances job opportunities for youth. Rashakai Special Economic Zone (RSEZ) in Khyber Pakhtunkhwa (KPK) strengthens the economic and social fabric of the people, and it is a backbone for them to have advanced technological infrastructure in the whole and particularly in KPK. It will help to create 200,000 jobs opportunities in food and engineering fields and a rise in business activities. Furthermore, the tourism department’s expansion helps local residents have job opportunities. Additionally, it helps Pakistan reduce imports, increase exports, and attract foreign investors to establish businesses. Above all, the creation of SEZs supports tackling poverty and sustainable economic prosperity. The investments made under the project CPEC have granted thousands of jobs. It helps to eradicate poverty by an increase in GDP up to 6.43 per cent by 2030. Production of quality humans is the key to exploiting the opportunities created by CPEC. Employment opportunities lead to socio-economic growth that eventually helps overcome poverty, which helps reduce social evils. Hence, it is an opportunity for the government to create jobs for youth.
Critical Analysis
CPEC’s success is critical for Pakistan and China. However, its economic impacts are crucially important for Pakistan to come out of the malice of poverty. Noticeably, it helps Pakistan to have socio-economic stability. Infrastructure building aids an increase in trade, as well as in Foreign Direct Investment (FDI). It directly impacts people’s livelihood by giving them economic and job opportunities. However, Pakistan needs to work on good governance and security challenges that it will not affect its performance. Similarly, vocational training is a must for the youth to gain maximum benefits from the project helping their livelihoods.
Conclusion
To conclude, Pakistan is a country that is a gateway to international markets. With the help of China, CPEC is the project that helps Pakistan to have a stable economy and technologically advanced infrastructure. CPEC phase II is a key that benefits Pakistan to attract foreign investors, which will increase business opportunities. Furthermore, it supports youth to have jobs, ultimately leading to inclusive economic growth; however, it helps increase GDP. Industrial developments attract people globally to invest in Pakistan. Therefore, Pakistan should work on its youth to have skills and knowledge that help them gain enough benefits.
“CPEC has entered a new phase of high-quality development focusing on industrial, agricultural, and socio-economic cooperation. The Matiari-Lahore project will contribute to the stable power supply in Pakistan and promote the country’s industrialization.”
― Nong Rong, Chinese Ambassador to Pakistan
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