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Saturday, November 30, 2024

Home Business Corona impact on BRI, CPEC temporary

Corona impact on BRI, CPEC temporary

by News desk
October 24, 2020
in Business

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Observer Report

Karachi

President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday said the affect of coronavirus on Belt and Road Initiative (BRI) and CPEC is temporary.
Presently the world has access liquidity while interest rates are low which can be used by Pakistan and other developing countries to benefit from it, he said.
Mian Zahid Hussain said that the countries opposing BRI and CPEC are fighting a lost war in which they will never succeed therefore they should also consider becoming a part of the biggest project of the century.
Talking to the business community, the veteran business leader said that some economic powers are worried that this project will trigger the shifting of power from west to east and it will multiply the influence of China.