Pakistan’s Exports to China Surge by 14%, Reaching $3.6 Billion, Driven by CPEC Connectivity

ISLAMABAD – Pakistan’s exports to China have surged by over 14%, reaching a remarkable $3.6 billion, thanks to the enhanced connectivity provided by the China-Pakistan Economic Corridor (CPEC). This significant growth, outlined in a newly published report by KTrade Securities titled “China’s 75-Year Journey: Breaking Myths & Inspiring Hope,” highlights the transformative impact of China’s economic partnership with Pakistan.

According to the report, CPEC, launched in 2013 as part of China’s Belt and Road Initiative (BRI), has capitalized on Pakistan’s geographical significance, significantly improving the country’s socio-economic conditions. One of the most notable outcomes has been the growth in Pakistan’s Large Scale Manufacturing (LSM) sector, which saw a 43% increase over the past decade. With Special Economic Zones (SEZs) expected to become operational by 2030, the LSM index is set for even greater expansion.

The report praises China’s unique economic model, emphasizing that China’s growth was not driven by resource extraction or a zero-sum approach. Instead, China focused on domestic reforms and the efficient use of its resources. The report quotes KTrade Securities Chairman Ali Farid Khwaja, who highlighted that China has disproved the myth that developing countries cannot catch up with advanced economies.

“China’s economic rise has been nothing short of remarkable,” Khwaja said. “It has driven 800 million people out of poverty and made high-quality technology such as telecom equipment, solar cells, and electric vehicles available globally, often subsidizing these technologies to ensure equitable growth in other countries.”

The report also underscores China’s commitment to fostering positive global relationships and trade, regardless of the challenges posed by international disputes. China’s model of success is rooted in building synergistic relationships with other nations, including Pakistan.

With CPEC continuing to play a pivotal role in Pakistan’s economic development, the report anticipates continued growth in exports, infrastructure, and industrial capacity.