Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

CPI Preview: Inflation to fall below 14% YoY in May

China to invest USD 35 billion in energy sector, Pakistan to see huge foreign inflows

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Pakistan government is expecting huge inflows as foreign investment following political stability which would increase the productivity and increase jobs.

This was stated by Ahsan Iqbal, Minister for Planning and Commission who delivered speech , adding he said that investment from foreign companies and transfer of companies from China to increase job ratio in the country.

Local businessmen should learn from the mistakes and also from the technical and skills to be transferred from the China.
Ahsan said the political tussle and lack of leadership are the main hurdles and it would deter economy. Before political stability and China Pakistan Economic Corridor development Pakistan had been identified as the most dangerous state, but the now the perception has changed where several countries wanted to be part of the CPEC, the minister said.
Now western media and other economists have termed as the emerging economies and investors across the globe wanted to invest in the country where through CPEC billions of dollars would filter into Pakistan.

China to invest around 35 billion dollars in energy sector of Pakistan where dependence and usage of local coal would reduce the cost of the electricity benefitting the business at large, Iqbal said. Besides this China to invest 11 billion dollars at the country infrastructure facility which would be loan to be paid in 20 years on easy terms and soft interest rate.

Posted on: 2017-04-25T13:58:00+05:00