CPEC will not bring any economic prosperity in Gilgit: Local journalist

Gilgit Baltistan, June 07: Gilgit-Baltistan has abundant natural resources but these are exploited recklessly in the name of economic prosperity. Even the much celebrated China-Pakistan Economic Corridor (CPEC) has failed to bring any economic development in the region. Pakistan, which suffers huge power crisis, draws its electricity mostly from the Gilgit Baltistan region. Surprisingly, no hydropower project has been identified in the region for funding under CPEC.