Impact of CPEC on Social Welfare and its Significance on different Provinces of Pakistan

Abstract

The China-Pakistan Economic Corridor will have enormous socio-economic impact and play an important role in the economic development of the two countries through the Belt and Road Initiative (OBOR). The purpose of this study is to determine whether the net social welfare impact of the CPEC project is significant in her four provinces and all districts of Pakistan. We will focus on three routes in particular. Data are based on 'previous studies collected under the Pakistan Social Standards Measurement (PSLM) Survey 2014-15' and methodology measures simple mean standard deviation, t-test, correlation, and key indicators Based on state-to-state variance for Impact of CPEC on social welfare in all provinces of Pakistan. In the previous study, the social welfare index was linked to access to education (primary, secondary and high school net enrollment rates), health (health of children and mothers), housing (roof quality, safe water supply system, gas for cooking). Fuel). Taken. However, we continue to note that the impact of the CPEC project is significant in all provinces of Pakistan. In terms of net impact, the CPEC project's results are significant, as this large-scale project will improve geographical connectivity and create millions of job opportunities for local people, resulting in increased household income. Expected to reach the target. The development of this project suggests that Pakistan's social welfare will increase by 5.21 percent of her. At the state level, the impact of the highest growth in social welfare can be categorized as follows: Baluchistan (6.4%), Sindh (6.31%), Khyber Pakhtunkhwa (5.19%) and Punjab (3.5%).