Foreign Direct Investment in Pakistan is seeing an uphill trend this year and recorded a 91 percent increase. This was made possible with $855 Million Chinese Investment in various sectors primarily in the energy sector, said Professor Zhou Rong, Senior Fellow of Chongyang Institute for Financial Study of Renmin University. Professor lauded the government’s commitment to facilitate investment under Pakistan Single Window (PSW) to streamline cross-border movement of goods and regulatory bottlenecks by 2022. Moreover, he added that in order to ensure smooth business cooperation, a streamlining regulatory environment is a must.
BEIJING, July 20 (China Economic Net) - Pakistani Federal Minister for Information Technology and Telecommunication Syed Aminul Haque has announced that 3G and 4G services will be provided soon to far-flung areas of Balochistan, Khyber-Pakhtunkhwa and Gilgit-Baltistan.Right now the government of Pakistan was committed to promoting the country’s technological capacity to develop a globally competitive IT sector and industry. As the minister put it, the project would meet the objective of providing infrastructure in order to ensure access and connectivity for people, provide broadband services to the locals, improve their life standard, create job opportunities, empower women and so on.
The construction of the China-Pakistan Economic Corridor (CPEC) will not be decelerated but is instead progressing, a leading Chinese academic on the CPEC told the Global Times after Indian media reported that Chinese personnel working at CPEC projects lodged concerns over virus prevention and control efforts by the Pakistani government.
The pandemic has had a strong impact on the Southeast Asian economy and around the world. The main export destination for China and Southeast Asian products is the US and European markets. As China has been gradually resuming economic activities, its consumption needs will help the recovery of the Southeast Asia industrial sector. For instance, China can purchase Southeast Asian products as supplements to imports from other parts of the world.
There has been a great outpouring of sympathy for China throughout the world in the wake of the sudden outbreak of the novel coronavirus pneumonia. But, at the same time, those forces in the West who have been adamantly opposed to the admission of China into the pantheon of world powers, have seen this catastrophe as an opportunity to throw new obstacles in the path of China's rise.
Western strategists have intentionally or unintentionally ignored the fact that China has not called the "Belt and Road" a strategy, but an initiative. One of the reasons is that the Belt and Road Initiative (BRI) is not China-centric, nor to create an alliance. BRI is a cooperative initiative targeted at development. It aims to build a platform to achieve joint development with other countries. China does not engage in building a closed circle excluding other countries.