Transformed Gwadar Port Ignites Investor Interest: Pakistani PM's Vision for Economic Growth
Pakistani Prime Minister Imran Khan hailed the transformation of Gwadar port, a key component of the China Pakistan Economic Corridor (CPEC), as a game-changer for Pakistan. He emphasized its strategic significance, which has not only bolstered Pakistan's regional standing but also ignited global investor interest. Khan, in an exclusive interview with ARY News, highlighted the historic influx of investors, drawn by the lucrative opportunities presented by Gwadar's enhanced connectivity and reduced geographical barriers.
P.c. The News International
Khan acknowledged Pakistan's economic hurdles and stressed the pivotal role of industrialization in overcoming them. He underscored the potential of industrialization to stimulate capital generation through exports, fuel job creation, and alleviate poverty. Khan unveiled Pakistan's blueprint, inspired by China's industrial prowess, aimed at fortifying its industrial foundation. His government actively collaborates with Chinese experts, seeking their guidance and support across various sectors.
To address the dearth of industries in Pakistan, Khan revealed his administration's forthcoming agricultural policy. This initiative aims to empower farmers by importing cutting-edge technology from China. Khan shared that China's agricultural output per acre is three times higher than Pakistan's, and a Memorandum of Understanding has been signed to leverage Chinese agricultural expertise.
Setting an ambitious target of 5,500 billion Pakistani rupees (approximately 34.6 billion U.S. dollars) for the current fiscal year, Khan outlined the broader implications. This financial milestone not only promises to enhance Pakistan's balance of payments but also marks a significant stride in reducing the budget deficit. These funds will be channeled into essential development projects, laying the foundation for Pakistan's economic resurgence.