Role of CPEC in the Economy of Pakistan

Abstract
Pak-China relationships have kept growing and have strengthened ever since 1951 when friendship began. Good relationships with China havealways been a key component of Pakistan’s foreign policy.The foreign policy of China towards South Asia consists of State to State relationshipswith some principles which are no interference ininternal affairs, mutual trust, respect of sovereignty of independent state, understanding and confidence. China biggest interest inSouth Asia interest is its economic interest. China has goodrelations with countries of its region to get economic benefits. The relationship between Pakistan and China became closer and stronger with thepassage of time. Both states are enjoying deep diplomatic, defense, economic andCultural ties.(Kataria & Naveed, 2014).Pak-China relationship constant from the very beginning. The Pakistan-China relations arecemented in major fields of geo-politics, strategic, economics, civil and military infrastructural development andother related areas of bilateral cooperation and investment.(Makhdoom, Khan, & Khan).China and Pakistan have developed friendly relationship to contain Indian dominance in the region. It has balanced the power (military and economic) and Indian threat has also been minimized(Ahmed & Nagra, 2014).In his foreign policy China give highly importance to South Asia
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