Islamabad (November 23, 2017): Deputy Chairman Planning Commission Sartaj Aziz says visible improvement in security situation and virtual resolution of energy crisis have helped revive investment in the country.
Addressing a function in Islamabad, he said interest rates are also lowest and many credit rating agencies have upgraded Pakistan’s ranking.
Sartaj Aziz said another important landmark is China- Pakistan Economic Corridor, which will bring in investment of almost sixty billion dollars in the next eight to ten years for energy and infrastructure.
He said the Special Economic Zones alongside of CPEC routes offering exemptions and ease of business will facilitate domestic and foreign investment.
The Deputy Chairman Planning Commission said the most positive indicator for Pakistan’s economy is GDP growth of 5.3 percent in previous financial year, which is the highest in last nine years.
He said the main indicators of first quarter of current fiscal year with respect to large scale manufacture and agriculture are encouraging.
He said the overall GDP growth rate this year is expected to be close to the target of six percent.
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