The project received a major boost when control of Gwadar was transferred to China's state-owned China Overseas Ports Holding in February 2013. Built by Chinese workers and opened in 2007, Gwadar is undergoing a major expansion to turn it into a full-fledged, deep-water commercial port. On 19 February 2014, the South China Morning Post reported that Pakistan and China have signed agreements for constructing an international airport at Gwadar, for upgrading a section of the 1,300-kilometre Karakorum Highway connecting to Islamabad, and for a fibre-optic cable to be laid from the Chinese border to the Pakistani city of Rawalpindi. According to The Diplomat, with the development of the corridor, Central Asia, traditionally an economically closed region owing to its geography and lack of infrastructure, will have greater access to the sea and to the global trade network. Pak-China Economic Corridor Secretariat was inaugurated in Islamabad on August 27, 2013. The CPEC has put a debt burden on Pakistan, paving the way for China to use its "debt-trap diplomacy" and gain access to strategic assets. Therefore, Pakistan is already at high risk due to debt from China. Perhaps, Pakistan would never have imagined that its alliance with China would sink into huge debt. China and Pakistan have both undertaken constructive measures to facilitate the advancement of the CPEC project. However, the ultimate outcome of the corridor's success is intricately tied to Pakistan's internal circumstances. A comprehensive evaluation of the corridor's potential remains challenging until Pakistan addresses its political and security challenges.
The project received a major boost when control of Gwadar was transferred to China's state-owned China Overseas Ports Holding in February 2013. Built by Chinese workers and opened in 2007, Gwadar is undergoing a major expansion to turn it into a full-fledged, deep-water commercial port. On 19 February 2014, the South China Morning Post reported that Pakistan and China have signed agreements for constructing an international airport at Gwadar, for upgrading a section of the 1,300-kilometre Karakorum Highway connecting to Islamabad, and for a fibre-optic cable to be laid from the Chinese border to the Pakistani city of Rawalpindi. According to The Diplomat, with the development of the corridor, Central Asia, traditionally an economically closed region owing to its geography and lack of infrastructure, will have greater access to the sea and to the global trade network. Pak-China Economic Corridor Secretariat was inaugurated in Islamabad on August 27, 2013. The CPEC has put a debt burden on Pakistan, paving the way for China to use its "debt-trap diplomacy" and gain access to strategic assets. Therefore, Pakistan is already at high risk due to debt from China. Perhaps, Pakistan would never have imagined that its alliance with China would sink into huge debt. China and Pakistan have both undertaken constructive measures to facilitate the advancement of the CPEC project. However, the ultimate outcome of the corridor's success is intricately tied to Pakistan's internal circumstances. A comprehensive evaluation of the corridor's potential remains challenging until Pakistan addresses its political and security challenges.