CPEC a blessing for both Pakistan and China

The China-Pakistan Economic Corridor has emerged as a boon both for Pakistan and China. And not surprisingly, the peoples of the two countries have great expectations from the CPEC in terms of economic growth and regional development.

True, the provincial government of Balochistan in Pakistan has voiced concerns over the CPEC, saying its share of CPEC investment is very low. But the Pakistani planning, development and reform minister's recent allocation of $1 billion for social development in Balochistan has assuaged those concerns.

To further redress Balochistan's grievances, the Pakistani finance minister said industrialization would be expedited in Balochistan, in order to alleviate poverty and improve the living standards of the local people.