CURRENT AFFAIRS

Detailed explanation-1: -China–Pakistan Economic Corridor (CPEC) (Chinese: ; pinyin: Zhōng bā jīngjì zǒuláng; Urdu: ) is a 3000 km Chinese infrastructure network project undertaken in Pakistan.

Detailed explanation-2: -CPEC was formally launched in 2015 with the value of $46 billion. However, today, the cumulative value of all CPEC projects has amplified considerably.

Detailed explanation-3: -China Pakistan Economic Corridor is journey towards economic regionalization in the globalized world. It founded peace, development, and win-win model for all of them. China Pakistan Economic Corridor is hope of better region of the future with peace, development and growth of economy.

Detailed explanation-4: -The project was launched on April 20, 2015 when Chinese President Xi Jinping and Pakistani Prime Minister Nawaz Sharif signed 51 agreements and Memorandums of Understanding valued at $46 billion.