
CPEC: Pakistan’s strategic miscalculation
CPEC has been framed as a catalyst for inclusive growth and structural transformation in Pakistan. However empirical assessments indicate that the distribution of economic gains remains asymmetrical with limited spillovers for local industry and employment. The financing structure and contractual arrangements have increased Pakistan’s fiscal and balance of payments vulnerabilities. Consequently the initiative reflects a strategic alignment that prioritizes Chinese economic and geopolitical interests over sustainable development of Pakistan.
