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This paper examines the contemporary aid effectiveness architecture in Pakistan in the light of the 2005 Paris Declaration (PD) on Aid Effectiveness. First, it looks at the PD commitments and explores the factors that prompted the emergence of the PD at the global level. The paper then examines policy initiatives undertaken as well as institutional set ups established by the Government of Pakistan (GoP) for effective utilization of foreign aid within the PD framework. The main aim is to explore the gaps and linkages between the international aid effectiveness agenda of the PD and the strategies formulated by the GoP for its promotion at the national level. To this end, both the PD doctrine and GoP plans are critiqued to examine to what extent these fulfill the prerequisites for improving aid effectiveness. [ABSTRACT FROM AUTHOR]

China-Pakistan Economic Corridor (CPEC) is an opportunity that is expected to bring development, growth and prosperity directly for Pakistan and indirectly for neighboring countries. As such, there has been a great deal of discussion about CPEC and many advantages have been highlighted by experts. However, literature on CPEC- as the two sides of the picture has been lacking. Therefore, this study made an attempt to answer; whether CPEC would be an opportunity for a prosperous Pakistan or it would be a mirage of Growth and Development? To answer this, this study compiles CPEC associated virtues and iniquities as per available in literature, the study also considered the logical understanding of authors on the phenomenon of interest. The findings indicate that perks associated with CPEC are far greater than the expected pitfalls and will indeed benefit economic development of Pakistan in the future. To sum up, this study concluded that CPEC will open new horizons of development, economic growth and prosperity for Pakistani nation in years to come and will be the game changer for the country. Also, the limitations of the study have been discussed to direct the future studies on the topic. [ABSTRACT FROM AUTHOR]