CPEC to boost economic growth in Pakistan on sustainable basis: Economist

MG News | March 13, 2018 at 01:55 PM GMT+05:00

0:00

ISLAMABAD, Mar 13 (APP):Renowned economist Shahid Javed Burki on Tuesday said that The China-Pakistan Economic Corridor (CPEC) project offers a unique opportunity to boost development and economic growth in Pakistan on a sustainable basis.

CPEC will bring greater integration of Pakistan's backward areas into those that are more developed, he said in an interview with Private news channel.

It will also link Pakistan with the global economic system from which it has remained relatively detached, he added.

Economists said total investment China has announced under CPEC is merely eight percent of Pakistan's GDP.

Javed Burki said besides, government needed to work upon a better communication strategy so that people should know about real developments on the project instead of taking pre-conceived and pre-mature stance on various ongoing happenings, especially, the negotiation process with Chinese government on CPEC modalities on an ongoing basis.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,115.82 431.76M	-1.03% -1778.46
ALLSHR	102,630.82 1,022.40M	-0.72% -743.98
KSE30	51,478.54 123.81M	-1.23% -641.56
KMI30	245,731.79 184.52M	-1.22% -3035.83
KMIALLSHR	66,650.32 595.11M	-0.81% -541.20
BKTi	47,279.59 41.00M	-1.38% -660.98
OGTi	35,704.94 10.73M	-1.65% -598.06

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	80,390.00	80,730.00 79,370.00	45.00 0.06%
BRENT CRUDE	100.25	102.92 99.55	0.19 0.19%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-3.30 -2.91%
ROTTERDAM COAL MONTHLY	107.10	107.75 106.20	2.10 2.00%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	94.68	98.64 93.82	-0.13 -0.14%
SUGAR #11 WORLD	14.69	14.75 14.46	0.15 1.03%