In view of Pakistan’s economic situation

In view of Pakistan’s economic situation, China’s Export Banks pointed out in the “New South-Oriented Policy Countries National Conditions and Financial Analysis Report Series III” that Pakistan has liberalized its economic freedom since President Pervez Musharraf took office in 2001. In the process of foreign capitalization, foreign investment control was relatively relaxed. In 2005 Jim O'Neill, chief economist of Goldman Sachs Group Inc., listed Pakistan as “Next-11”, as a country with growth potential. one.
However, Pakistan’s political instability, terrorist threats, security issues, opaque import policies and tax regulations, insufficient power and infrastructure, and other issues affect its business environment, leaving foreign investors stagnating. As of now, the business environment and economic structural obstacles are Economic growth continues to create pressure, and the government still needs to work to promote foreign investment inflows in order to achieve export growth and remittance inflows.
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1, the overall economy
At the beginning of 2013, the China-Pakistan Economic Corridor (CPEC) program was proposed. In April 2015, the company announced a total amount of US$46 billion, which was subsequently increased to US$55 billion. CPEC is a series of energy resources for cooperation between China and Pakistan in China.
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And infrastructure projects, improve transportation infrastructure and develop electricity. Infrastructure includes construction of Gwadar International Airport, links to Multan and Sukkur highways, Karakoram highway upgrades, and Pakistan’s second largest city Lahore ( Lahore) The elevated public transportation system links Kashgar, a city in western China, to Gwadar, a port in southern Pakistan. Pakistan’s Gwadar port is located in the Arabian Sea and is currently operated by mainland China.

With the assistance of the International Monetary Fund (IMF) and low-price oil prices, Pakistan’s household consumption has increased, economic growth has continued to be strong, and foreign workers have remitted large sums of money, 2016/17 (2016/07~2017/06) The economic performance has improved. However, in the future, foreign direct investment will still be focused on domestic industries, with limited impact on increasing employment opportunities for export-oriented industries. There is still a need to strengthen diversified products and markets for promoting export reforms, and consumption will continue to be affected by the agricultural sector and foreign exchange inflows. The energy sector In order to realize the potential for investment in state-owned enterprises, sufficient structural reforms are needed. Benefiting from the decline in long-term interest rates and the rapid expansion of private sector credit, Pakistan strongly promoted investment in the private sector in 2017 and 2018. It is estimated that private sector investment will grow slightly.

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