ISLAMABAD – The multi-billion-dollar China-Pakistan Economic Corridor(CPEC) is an open initiative that welcomes private-sector players fromChina, Pakistan and third countries to join on the principle of equalityand voluntary participation.
The Pakistan government is working to make the country more appealing toforeign privately owned companies by offering incentives such as investorfacilitation services to attract new capital inflows.
The CPEC is the major driver of FDI in Pakistan, driven by China’s risinginvestment in roads, railways, power facilities, industrial zones and otherinfrastructure.
The multi-billion-dollar project has improved local infrastructure, whichis a precondition for Pakistan’s economic take-off. Although Pakistan’sexternal debt is a source of concern, its economy is on an upswing.Pakistan’s positive economic outlook will make it a more attractivedestination for private players.