Abstract
China and Pakistan have agreed to build One Belt One Road project more commonly known as China-Pakistan Economic Corridor is expected to bring about both peace and prosperity in South Asia. This corridor will incorporate 2,000 kilometer transport link between Kashgar in north-western China to Pakistan’s Gwadar port on the Arabian Sea near the border with Iran via roads, railways and pipelines. There are many internal and external challenges for Pakistan government to implement this multi-dollars project. However, it is a game changer project which will transform the fate of Pakistan and will help Pakistan modernize. It will improve the economy and trade, enhance regional connectivity, overcome energy crises, develop infrastructure and establish people to people contacts in both the countries. This study helps to analyze the challenges and benefits for Pakistan associated with the implementation of China-Pakistan Economic Corridor.