CPEC and other investment opportunities in Pakistan

Editorial Jul, 10 2023
CPEC and other investment opportunities in Pakistan
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There are vast investment opportunities in Pakistan which can be utilized to change the destiny of this country and nation suffering from economic crisis. China Pakistan Economic Corridor (CPEC) is the biggest project in this regard. This grand project of investment of billions of dollars started in 2013, ten years of which have been completed. Not only Pakistan, Iran, Afghanistan, Central Asia and the Middle East will get its fruits, but due to hatred of China, some forces, especially India, started blocking it from the very first day, due to which this project delayed.

There was a delay in the delivery. The current coalition government in Pakistan removed the local obstacles after coming to power and now there are signs of doubling the speed of its implementation. Pakistan has also made a generous offer to India to benefit from the fruits of the CPEC instead of being an obstacle. At a time when almost all the surrounding countries have indicated to join the CPEC, India should also respond positively to this offer. Addressing a ceremony in Islamabad on the completion of ten years of CPEC and in a statement issued from the Government, has said that it is a plan to end poverty, unemployment and economic depression. This is not just an improvement in road, rail, sea and air routes, but a wonderful plan to participate in health, education, skills and development process and to raise the standard of living of the people in the region and lift them out of poverty and live in peace. This will increase industrial and agricultural cooperation and productivity in the region and beyond.

If India becomes a part of it instead of hindering it, it will help to end poverty and backwardness in this country of more than a billion people. For this, it will have to review its expansionist policy and resolve its disputes with other countries of the region on the basis of peace and justice, apart from giving the right of self-determination to the people of Occupied Kashmir.

Along with CPEC, Pakistan is also eager to undertake many other initiatives to promote foreign investment and the Pakistan Army is also on the same page with the government in this regard.

The apex committee of the Investment Council which has been established in this regard includes Army Chief and DG-ISI.

A meeting of the committee chaired by the Prime Minister was held on Wednesday in which Economic Planning Minister Ahsan Iqbal said that a roadmap has been prepared for attracting foreign investment in five economic sectors and their development.

These sectors include agriculture, energy, information technology, minerals and defense production.

Foreign investors will be provided with all the facilities under one roof under one window operation to invest in them and special security facility will also be provided.

Friendly countries will be asked to invest in Pakistan instead of aid. Foreign investment will create employment opportunities and open new avenues of development. Accelerating the pace of CPEC, these foreign investment incentives are auspicious for the economic recovery of the country, by implementing which Pakistan can get out of the current difficulties and become the most prosperous country in the region.

As far as the CPEC is concerned, it is a game-changer project and the China-Pakistan Economic Corridor (CPEC) is a grand project of friendship and economic development between the two countries, the likes of which cannot be found anywhere else in the world. In fact, this project can take the friendship to next level as it is a game-changer project, which is basically revolving around the regional connectivity and infrastructure development.

This year, ten years of this project have been completed, to celebrate which special events are organized in both the countries. Chinese leadership and scholars are being invited to the events in Pakistan while Pakistani delegations will go to China.

In these ten years, many development projects have been completed in various sectors of Pakistan's economy with Chinese investment and many are under completion. In the next phase, there is a plan to lay a railway line from Gwadar to Kashgar, apart from this, work is also underway on the target of completing Karachi Circular Railway, energy, agriculture, science and technology, IT and many other infrastructure projects. Gwadar, which was once a small fishing village, has now become a major port of international importance, opening sea routes between Pakistan and the outside world beyond Karachi.  After the completion of the first phase of the Free Trade Zone in Gwadar, the second phase is under construction. This will help control  the current economic crisis in Pakistan to some extent.

Financial experts say that new employment opportunities will be created due to which the youth can be employed and a new era of development and prosperity will usher in, which is need of the hour. However, our arch-rival India wants to sabotage this project and for this it funds the separatists and anti-state elements in the country, particularly the Baluchistan province.

In order to stop this project, India with the help of the anti-state elements made a strong push. Apart from external factors, some internal elements also put obstacles but all their efforts failed and now the situation is that almost all the countries of the region and some countries of the outside world are eager to be a part of it.

This ambitious investment project was delayed due to Pakistan's political instability, which has now been removed and it can be expected that this CPEC project will further strengthen the friendship between the two countries.

NC Desk
NC Desk https://www.dailynationalcourier.com/author/nc-desk
Daily National Courier is a leading morning English newspaper of twelve pages covering all international and national political developments on 24/7 basis.

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