UNDP pens the stiff points of CPEC

A report by Development Advocate Pakistan (DAP) on Regional Connectivity and Corridors written by United Nations Development Programme (UNDP) states about the fore coming challenges in CPEC. As the Pakistan’s recent efforts to implement projects under the CPEC have met a decent success with completion on energy projects. A projecting key result of the CPEC’s early crop interpositions is improved energy supplies to Pakistan’s residential and industrial users. Moreover, the efforts related to physical connectivity can enhance bonuses and with initiatives to negotiate market access for Pakistani exports, and accelerate trade easing reforms together with liberal visa policies, improved border area management and sharing of trade and transport data. Thus, it is important to build social and environmental safeguards for those who would bear the adjustment costs of any adverse economic outcomes or increased competition from abroad. The report also includes the details about the supply chain, the provisional capacity of funds and taxes such as land, urban property, agriculture etc. It also includes difficulties related to land acquisition, license and permits by business for SZE’s. The report also pens about several challenges included in macroeconomic, legal and regulatory coordination issues to board speedily towards the next set of projects planned under the China-Pakistan Economic Corridor (CPEC) that are needed to be overcome by Pakistan.