ISLAMABAD:
Pakistan is searching for a plausible policy to overcome the economic crisis. The policy which can help to achieve the goal of sustainable development and maintain dignified place in the global community.
Pakistan has kick-started the process of dialogue, consultation and has engaged the policy institutes for assistance. Deliberations are going on with two specific objectives.
First, Pakistan is searching for economic opportunities where it has scope for engagement. Second, it wants a reliable and trusted partner, which can act as an anchor.
Fortunately, Pakistan has a galaxy of reliable and trusted friends including China, Indonesia, Turkey, the Gulf countries, Western friends, the US, etc, which can be good economic partners.
However, China stands out among all, due to its economic size, global clout and unique and all-weather relationship with Pakistan. Besides, China is already deeply engaged in economic cooperation through the China-Pakistan Economic Corridor (CPEC) and non-CPEC programmes.
It is a less known and discussed fact that before signing the CPEC deal, China’s total investment in Pakistan was around $15 billion. Huawei, Haier and Zong were among the major Chinese investors.
Huawei started its operation in 1998 and now it is one of the major taxpaying tech companies with $43 million in 2018.
Apart from creating jobs (16,000 direct and 25,000 indirect), Huawei is also investing in talent and human resources development through the Huawei ICT...
Read Full Story: https://tribune.com.pk/story/2363463/economic-future-of-pakistan
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