CPEC to push up GDP by 2%, Pakistan’s reliance on project intensifies

News Image

MG News | January 16, 2019 at 11:18 AM GMT+05:00

0:00

January 16, 2019: The multi-billion dollar China-Pakistan Economic Corridor (CPEC) framework has become a lifeline for Pakistan as it would bring about 1.5 to 2 percent of GDP growth in the future, a senior fellow with Chahar Institute and former Chinese diplomat in South Asian countries, Cheng Xizhong said on Wednesday.

The Qasim power station, a coal-based energy project, constructed under the CPEC has provided $163 million in revenue to the Pakistan government after one year of its operation, he said while speaking during “One Belt and One Road face to face” programme of China Economic Net (CEN).

Cheng, also a visiting professor of Southwest University of Political Science and Law said the CPEC and the substantial improvement of power shortage and the construction of transportation infrastructures have greatly improved Pakistan's basic investment environment, showing foreign investors the dawn of Pakistan's strategic investment value.

He remarked that Prime Minister Imran Khan has been making a lot of efforts to improve the investment environment since he took office.

“It is said that the Pakistani government is going to introduce new policies in favor of foreign investment soon, which I think will be warmly welcomed by the business circles of relevant countries including China,” he added.

(APP)

Related News

Name Price/Vol %Chg/NChg
KSE100 163,806.22
500.44M
-0.39%
-638.50
ALLSHR 99,845.79
1,977.49M
-0.42%
-417.42
KSE30 50,123.85
153.24M
-0.68%
-343.31
KMI30 238,530.50
71.49M
-0.36%
-850.63
KMIALLSHR 65,898.10
543.80M
-0.37%
-245.35
BKTi 46,380.96
92.15M
-0.49%
-229.01
OGTi 31,857.40
12.33M
-1.20%
-387.93
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 107,220.00 109,470.00
103,745.00
-1225.00
-1.13%
BRENT CRUDE 61.34 61.47
60.14
0.28
0.46%
RICHARDS BAY COAL MONTHLY 80.50 0.00
0.00
-1.00
-1.23%
ROTTERDAM COAL MONTHLY 93.20 93.50
93.20
0.05
0.05%
USD RBD PALM OLEIN 1,085.00 1,085.00
1,085.00
0.00
0.00%
CRUDE OIL - WTI 57.25 57.32
56.15
0.26
0.46%
SUGAR #11 WORLD 15.53 15.88
15.45
-0.27
-1.71%

Chart of the Day


Latest News
October 17, 2025 at 05:29 PM GMT+05:00

MLCF profit doubles in Q3FY25


October 17, 2025 at 05:04 PM GMT+05:00

PSX Closing Bell: A Hazy Shade of Red


October 17, 2025 at 04:53 PM GMT+05:00

Big industry output expands over 4% in Jul-Aug FY26


October 17, 2025 at 04:45 PM GMT+05:00

Govt to spend Rs30bn to upgrade industrial estates



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg