Khalid Mansoor, Special Assistant to the Prime Minister of Pakistan on the China-Pakistan Economic Corridor (C-PAC), has said that if lasting peace returns to Afghanistan, C-PAC has vast potential to expand to Afghanistan and beyond.
Khalid Mansoor Khan made the remarks during a news conference in Islamabad on Monday at a time when the China-Pakistan Joint Coordinating Committee on C-Pack will meet next week.
In the meeting, Pakistani and Chinese experts will review the progress of work on ongoing projects under C-Pack and also consider new projects.
Khalid Mansoor said that under the next phase of C-Pac, one economic zone would be set up in each of the four provinces of the country where Chinese and Pakistani investors would be able to invest in various industrial sectors.
According to Khalid Mansoor, Chinese investors have invested 84 845 million in the Faisalabad Special Economic Zone over the past three years.
He clarified that Pakistan has facilitated one-window operations for C-Pac projects and investments to address the concerns of Chinese investors and their problems immediately.
Khalid Mansoor said that the impression that the process of investment in Pakistan has stopped and C-Pack is also stalled is not correct.
What do the experts say?
Former Pakistani Finance Minister Hafeez Pasha says that despite the establishment of special economic zones in Pakistan, attracting investors to these zones will be a challenge.
According to him, unless cheap electricity and other facilities are provided in these zones in Pakistan, it will be difficult to attract investors. Because Chinese investors are currently focusing on countries in East Asia, such as Vietnam, Laos and Cambodia, where better investment environments and facilities are available.
Hafeez Pasha says getting foreign investment is a challenge for Pakistan as foreign investment has dropped by 30-35%.
Hafeez Pasha further said that if we want to attract investors from China and other countries to Pakistan, we have to ensure full availability of electricity, gas and other facilities.
Farrukh Saleem, an economic analyst, also agreed with Hafeez Pasha, saying the government would have to give incentives to foreign investors to implement the projects.
Farrukh Saleem said that it is also very important for Pakistan that foreign investment in Pakistan should come in the sectors that produce quality products that can be exported so that Pakistan's exports can increase significantly.
Talks are underway with China to defer payment of ارب 3 billion.
Asked during a news conference about the تین 3 billion loan owed to China, Mansoor said it was a sensitive issue but that talks were ongoing with Chinese officials. Will solve
Although the Special Assistant did not provide details of the loan, Hafeez Pasha, an economist, said China had placed the money in the State Bank of Pakistan to boost foreign exchange.
According to Hafeez Pasha, the repayment of the loan under C-Pack may be delayed. However, in any case, Pakistan will have to repay the deposits kept by various Chinese banks.
'C-Pak has potential to expand to Afghanistan'
Khalid Mansoor said he was optimistic about Afghanistan. “If the security situation in Afghanistan improves, there is a huge potential for C-Pack to be deployed there.”
According to him, China wants to increase contacts in the region and the Middle East. Therefore, Afghanistan is important in this regard. It should be noted that the Taliban have also expressed their desire to extend C-Pak to Afghanistan.
. (tagsToTranslate) News (t) Pakistan (t) pakistan (t) china (t) CPEC