Daily Insights

CPEC to Open to World Businesses

By 23/12/2021 March 25th, 2022 0 Comments

The Pakistan Board of Investment (BOI) invited foreign businessmen to invest in the China Pakistan Economic Corridor (CPEC). This multi-billion project in Pakistan includes energy projects, infrastructure development, industrialisation, and the expansion and improvement of Gwadar port. The project has great potential for Pakistan in both economic and regional domains.

China-Pakistan Economic Corridor (CPEC) is a strategic economic project to enhance trade connectivity between Pakistan and China. This multi-dimensional project has opened Pakistan’s rebalancing options from geopolitics to geo-economics. The CPEC consists of two phases including energy power plants and infrastructure projects. Under Phase-1, the energy power plants are under completion costing around Rs26.5 billion. Phase-2 of the mega-project covers infrastructure development including construction and rehabilitation of railway tracks and roads. This mega project will transform Pakistan into a regional economic hub.

Given the importance of this mega project, the incumbent government has opened a way for world businesses to invest in CPEC. There are ample opportunities for foreign investors to invest with 100% equity or joint ventures in various fields under this multi-billion project as repatriation of investment and profit has been allowed with legal protection. Foreign investment will enhance prosperity in the region and improve business to business cooperation that will reduce the burden of loans. It will also bring a boost to the economic wealth of Pakistan, increasing its rank within the world indexes of prosperity and success.

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