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03-01-2018, 07:58 AM
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China to enhance financial support to Pakistan
BEIJING: In view of Pakistan's economic woes as reported by Bloomberg, China will likely be willing to offer more assistance to help its neighbour improve economic conditions, but the question is how to find an effective way, reports Global Times on Wednesday.
Pakistan's trade deficits are hitting records while its foreign exchange reserves continue to fall, Bloomberg reported. Pakistan's economy is facing chronic problems for many reasons, but the fact that Pakistan's GDP grew 5.3 percent in fiscal 2017 - the fastest pace in a decade - can't be ignored. Quoting official sources, the report says, the two countries will move ahead with the China-Pakistan Economic Corridor (CPEC), which has become a driving force for Pakistan's economic growth. The question is how its investment-driven growth can be transformed into internal momentum for economic expansion.While the first phase of the CPEC concentrated on infrastructure projects, the second part should focus on setting up special economic zones and establishing mutual connectivity to support economic integration. Pakistan's strategic location is a major attraction for companies to invest in and obtain lucrative returns. Now, the nation must give full play to its advantages. The most important maritime trade route that China has now is through the South China Sea and the Strait of Malacca. The CPEC is designed to connect Gwadar Port in Southwest Pakistan with China's inland areas, offering another route for Chinese importers and exporters. أكثر... ??????? ??????: China to enhance financial support to Pakistan || ??????: ahlam1399 || ??????: اسم منتداك
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