China-Pakistan Economic Corridor will bring economic development to entire region: PM Imran Khan The CPEC is a flagship $62 billion project of Chinese President Xi Jinping's Belt and Road Initiative. Pakistan PM Imran Khan PTI Pakistani Prime Minister Imran Khan said that the China-Pakistan Economic Corridor (CPEC) will bring economic development not only for Islamabad but also for the entire region. The all-weather strategic cooperative partnership between Pakistan and China is unprecedented, Xinhua news agency quoted Khan as saying while chairing a review meeting here on Sunday on the progress of the CPEC projects and investment promotion. He noted that in order to transform these relations into strong economic ties, it was necessary to promote investment in areas of mutual interest and provide all possible incentives to investors.