CPEC turns Pakistan to be a major beneficiary of OBOR: Chief Economist
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KARACHI (APP)- China Pakistan Economic Corridor (CPEC), an integral part of One Belt One Road (OBOR) initiative, encompassing no less than 60 countries - from Asia to Europe, has made Pakistan to be its major beneficiary, said the Chief Economist of Pakistan, Nadeem Javaid.
In his presentation on CPEC and its Impact on National Economy at Karachi School of Business and Leadership (KSBL), here Thursday, he said CPEC also a component of the infrastructural development plan of China offers Pakistan with wide range of opportunities in terms of employment, tourism and business.
"The opening we are being provided with makes it all the important that we make major investment in education sector with equal attention towards law and order situation," he said.
Dr. Nadeem Javaid extensively discussing the rationale behind CPEC mentioned that the corridor starting from Gwadar forms the principal strategic component for the larger infrastructural plan as part of a major maritime route.
The Chief Economist of the country also talked about how the country's fundamental macroeconomic indicators were showing improvement and also referred to various projects that make up the Economic Corridor.
Discussing the overall socio-economic impact of CPEC for Pakistan's economy, he reiterated the need for investment in education and capacity building of local youth, constituting significant majority of the country's population.
Earlier, Muneer Kamal, Chairman of Pakistan Stock Exchange and senior member of KSBL Board of Directors) welcomed the guest speaker.
Introducing the guest speaker, he said Dr. Nadeem Javaid, the 13th Chief Economist of Pakistan holds PhD degree in Economics and an MS in Innovation and Industrial Dynamics from the University of Nice Sophia Antipolis, France.
"Dr. Javaid has 18 years of experience in academia, financial regulation and policy making," said Muneer Kamal.
Dr. Zeeshan Ahmed, Rector and Dean, KSBL thanked Dr. Nadeem Javaid and mentioned that KSBL Speaker Series program aims to enhanceboth inter-academia and industry-academia engagement.
