OBOR : An initiative to make China unrivaled superpower
ISLAMABAD, Aug 28 (APP): The One Belt, One Road (OBOR)
strategy, a brainchild of Chinese paramount leader Xi Jinping
may lead China to the height of superpower within next two
decades by changing fate of not only Chinese nation but also
people of the region as a whole, experts believe.
The people of Pakistan also feel blessed in this regard
as China Pakistan Economic Corridor, a combination of roads
and power projects, would steer the country out of energy
crisis, thus leading to alleviation of poverty and ultimately
extremism and terrorism by brining the deprived people to
The One Belt, One Road also known as OBOR, proposed by
President Xi in 2013, refers to building a Silk Road Economic
Belt and the 21st Century Maritime Silk Road aimed at building
a trade and infrastructure network, connecting Asia with
Europe and Africa along ancient trade routes.
More than 100 countries and international organizations
have participated in the Belt and Road Initiative. China has
signed agreements with more than 30 countries along the routes
to jointly build the Belt and Road, and more than 20 countries
have teamed up with China in industrial cooperation.
The China Pakistan Economic Corridor is also a closely
related project with OBOR and is considered as a link between
China's Maritime and Overland Silk Road and Gwadar Port would
form the crux of the CPEC project.
Realizing the importance of the initiative, the Pakistani
government had accelerated its efforts to pave way for the CPEC
by improving security through a countrywide action against
militancy and extremism, bringing political unity and wooing
the foreign investors to be part of the Corridor project.
Experts believed that during last three years, Pakistan
achieved remarkable progress in economy and the development
sectors besides improving the security situation of the
country to attract foreign investment.
Time and again, the Chinese government has expressed
satisfaction over the progress on CPEC - a giant leap toward
economic development of the region which would deliver level
playing ground for all to reap the dividends.
China also desires an end to terrorism in Pakistan as
it was main hurdls for the sustainable peace and stability
in the country. China was always keen for sustainable peace
and stability in Pakistan, experts added.
Owing to prudent policies of the present government,
the economy of Pakistan was now on the right track. China
has been enjoying good diplomatic and sound political and
economic relations with Pakistan for the last several decades
as both the countries had similar stance on regional and
The two countries, had also enhanced economic cooperation
in several fields while the CPEC project had taken the level of
economic cooperation to new heights. There is a conducive ambience
and climate for investment in Pakistan, which, would help woo
foreign investment in diverse economic spheres.
The analysts also appreciated all the political parties
and Pakistan Army for having complete consensus for fight
against the menace of terrorism.
China is helping Pakistan to overcome energy shortage
under the CPEC projects including thermal, wind, solar and
hydel, which were being completed at fast pace.
The experts urged both the countries to work for enhancing
people-to-people contact and exchange of visits at every level
with a view to further fostering understanding about each other's
culture and civilizations.
The China's economy grew at an annual rate of 6.7 per cent
and political stability is indispensable for sustainable economic
growth and stability.
Moreover, the Chinese government had set tangible targets to
eradicate poverty from the country by 2020.