KARACHI: Sardar Shaukat Popalzai, President, Balochistan Economic Forum has hoped that foreign investment to the tune of one million dollars is expected into Pakistan during next seven years.
Talking to media on Thursday at the 3rd and concluding day of 12th Agri, Rice and Food Technology Exhibition, Shaukat said that $62 billion would flow for various projects under China Pakistan Economic Corridor (CPEC). He said that exhibitions play major role in economic growth. He expressed pleasure over quality local machinery showcased in the exhibition.
He said that the local machineries demands were rising in foreign markets, so the government should concentrate on resolving issues of basic infrastructure, trade and industry. The forum’s president said that enemies of Pakistan did not want CEPC and growth of our country. “Gwadar Smart City would be model city. The amount of CPEC projects has exceeded to $62 billion and investment under these projects would be higher than estimates. About one trillion dollars foreign investment was expected during next five to seven years. CPEC would change living standard of Balochistan people. Belt and Road project would expand Pakistan’s economy.”
Shaukat lauded the efforts of Pakistan’s forces who ensured security. He said that people should not pay attention on propaganda against CPEC.
Dr. Khurshid Nizam, President, E-Commerce Gateway said that the number of foreigners visiting the 12th exhibition was more than expectation. He disclosed that around $75 million deals were finalized at 3-day 12th Agri, Rice and Food Technology Exhibition. He said that local machineries attracted the buyers. Dr. Nizam said that China’s priority had now been changed to China to Child policy. He said that Pakistan had golden opportunity because China required all type of food processing machines. The President, E-Commerce Gateway said that the three-day exhibition provided opportunity for both local and foreign investors.