CPEC stands for China Pakistan Economic Corridor. It is a major economic and development project launched jointly by Pakistan and China to improve trade and connectivity between the two countries.

CPEC was officially launched on 20 April 2015 during the visit of Chinese President Xi Jinping to Pakistan. The corridor is a collection of infrastructure projects including highways, railways, energy plants, and industrial zones. The goal is to connect China Xinjiang region with Pakistan Gwadar Port in Balochistan.

The total value of CPEC was initially estimated at around 46 billion US dollars. Over time, this investment grew to more than 62 billion dollars. CPEC is considered a key part of China global Belt and Road Initiative (BRI), which aims to create trade routes across Asia, Europe, and Africa.

CPEC is expected to boost Pakistan’s economy by improving transportation, reducing energy shortages, and creating new job opportunities. The project includes:
- Motorways and highways (like the Multan-Sukkur Motorway)
- Energy projects (coal, solar, and wind power plants)
- Special Economic Zones (SEZs) for industrial development
- Gwadar Port development and Free Zone

Important facts:
- Full form: China Pakistan Economic Corridor
- Launched: 20 April 2015
- Total value: Over 62 billion USD
- Strategic aim: Boost regional trade and Pakistan-China cooperation

CPEC is seen as a game-changer for Pakistan’s economy and regional connectivity. It strengthens the long-term partnership between Pakistan and China.