Apr 28, 2016
News
Pakistan among eight fast-growing world economies: Ahsan
Minister says mineral-rich provinces of Pakhtunkhwa, Balochistan are attractive destination for Chinese investors
By: APPISLAMABAD - Pakistan is among the eight fast-growing economies of the world due to structural reforms introduced by the present government, Federal Minister for Planning, Development and Reforms Ahsan Iqbal said on Thursday.
While addressing the China-Pakistan Economic Corridor (CPEC) investment conference, held in Chinese Capital Beijing, he said that Pakistani nation is united on agenda of economic development. He said that there is no threat of political instability in the country. He noted that the CPEC is a historic opportunity, which would have a far-reaching impact on national economy.
He said that the CPEC offers equal opportunities to all the provinces and regions of the country for their economic uplift. Under CPEC, energy sector has been prioritised in the first phase whereas CPEC would help to lay modern transport infrastructure in the country to make Pakistan economy competitive in the international market.
The minister noted that Pakistan offers attractive opportunities to the Chinese investors in minerals, agriculture, infrastructure, technology and industrial sector. Chinese technology and experiences in industrial sector coupled Pakistan’s location and its low cost of production can revolutionise the industrial sector of the country.
He pointed out that China topped the countries invested in Pakistani last two years following $46 billion CPEC investment. He said mineral-rich provinces of Khyber Pakhtunkhwa and Balochistan are attractive destination for Chinese investors in the country.
Courtesy www.dailytimes.com.pk