investment in Pakistan is expected to increase to 15.4 percent of GDP by 2017 as a result of operationalization of the China-Pakistan Economic Corridor projects such as energy and infrastructure development projects says a World Bank (WB) report.
While Pakistan government under the leadership the Prime Minister Nawaz Sharif, hailing from a leading business and industrialist group, has doubled its efforts to attract maximum foreign direct investment following the signing of China-Pakistan Economic Corridor (CPEC) projects .
Officials say many countries, including European Union, Canada, the United States and Australia have shown interest in investing in Pakistan’s economy.
China-Pakistan Economic Corridor (CPEC) is a landmark project, which will connect Pakistan’s deep sea Gwadar port with China’s Xinjiang region, emerging as new business and trade hub following the launch Silk Road by China.
The Economic Corridor, with a total investment of $46 billion, is a glaring example of the close friendship between the Pakistan and China. The 2,100 KM corridor would include special economic zones, a railways system and a model city, airport as well as a free port at Gwadar.