More investment from China

SINCE the launch of multi-billion dollar China-Pakistan Economic Corridor project, our Iron Brother continues to pour in with much needed investment in vital sectors of our economy. Just a few days back Shangahi State Electric announced to buy stakes worth $ 1. 77 billion in K-electric and now another consortium of Chinese companies during talks with Prime Minister Nawaz Sharif on Friday disclosed its plan of investing up to $ 3 billion dollars in infrastructure development and energy sectors. Investment in these sectors is very vital to consolidate the economic gains achieved by Pakistan over the last three years and we are confident this will spur more Chinese companies to come with massive investment in different fields.
It is a welcome development that the Chinese companies encouraged by the prospects of CPEC are heading towards Pakistan in great numbers but at the same time we also need to direct our energies towards making the country an appetite for other sources and countries. Statistics reveal that the foreign direct investment has registered decrease despite enhancement of country’s economic rating by several world financial institutions and improvement in security situation. In our view, apart from giving maximum facilitation to the foreign investors, the focus should also be laid on Pakistan’s image building. We have seen the Board of Investment organizing international conferences to apprise the world entrepreneurs about the investment climate in the country but we understand our envoys also need to be more forthcoming in telling the world the enabling environment available to investors in Pakistan. 200 million people and rising middle class consumers coupled with favourable demographics and rising domestic consumption provide a range of compelling infrastructure and corporate opportunities in Pakistan. This needs to be portrayed through appropriate forums including conferences, road shows etc to lure the investors. Massive investment means creation of thousands of jobs for our youth and a competitive market that serves the interests of consumers.

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