Support: Consensus on CPEC emphasised

Emphasised the need for building consensus and to foil conspiracies against the gigantic project

ISLAMABAD: The Islamabad Chamber of Small Traders has emphasised the need for building consensus among stakeholders to ensure timely completion of the China-Pakistan Economic Corridor (CPEC) and to foil conspiracies against the gigantic project.

“The project will not only change the economic landscape of the country, but will also multiply our national GDP,” Chamber Patron Shahid Rasheed Butt said in a statement on Saturday. He said conspirators were not only hurting CPEC, but were also trying to keep local and foreign investors away from the project, which was termed a game changer. He also stressed the need for ensuring transparency in planning and running the project in order to lure investors.

“Pakistan’s capital investment-to-GDP ratio of 15% is lower than India’s 30% and Bangladesh’s 28%, which hampers industrialisation and growth,” he said, adding the situation would improve once project was completed.

Published in The Express Tribune, July 23^rd, 2017.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.