PHOTO: FILE
KARACHI: Today, Pakistan has the right partner to grow itself. The only need left now is to set the right table for the private sector of the country and provide them with more details of the projects of China-Pakistan Economic Corridor.
Chief economist at Bank alFalah, Dr Mushtaq Ali Khan, said this while explaining the issues that private sector banks are facing regarding investments in CPEC. He said that the private sector should be show the ‘bigger picture’ of CPEC.
He shared his views at a discussion, titled 'CPEC fiscal or financial impact and strategy', at the Second International CPEC Business and Research Conference, 2017, at the Institute of Business Administration (IBA) main campus on Thursday.
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According to him, the private sector of Pakistan is keen in investing in the economic growth projects but is unaware of how to go about that. Khan reflected on how to make the ongoing projects sustainable and said that all the sectors should come up to make it a success. He stressed that the cycle of work should not be stopped after the 2018 general elections.
Another panellist, Syed Salim Raza, who is a faculty member at IBA, agreed with what Khan said and added that industrial cluster should come up together to develop linkages as that is the only way the country can achieve anything.
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Sharing a recent incident, Macroeconomics Insights CEO Sakib Sherani said that in a meeting with 18 CEOs of big companies, only two knew how to invest in CPEC-related projects while the others were not aware of the larger picture. "The projects are equally important for Pakistan, keeping in view our geo-political state," added Sherani.
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