Every government claims that all the previous leaders were corrupt, nepotism was at it’s peak. Similarly, Prime Minister of Pakistan did the same with the people of Pakistan by giving them a hope. Pakistan’s economy has been crashed more than 12 times in the last 6 decades requiring IMF bailouts every single time.
Pakistan was never this poor before, during the 1980’s Pakistan’s economy was sky rocketing. According to a survey the per capita income of Pakistan was richer than India, China and Bangladesh by 15%, 38% and 46% respectively. Since now it has declined instead of doing better the developing country is in alarming situation. The consequences of Pakistan’s falling economy are devastating for its over two hundred million individuals.
But the hope of people is still high and alive on foreign investments and CPEC. You will find here some underdeveloped projects on this page that might help Pakistan’s economy to prosper.
As per media reports, Russian companies are looking forward to invest in energy sector in Pakistan. The companies seek a $2.5 billion gas pipeline project from Karachi to Lahore. The meeting will discuss the construction of a railway line from Quetta to Tifatan. It’s going to be a game changing project for Pakistan in future.
previously dysfunctioned governments were unable to bring investments in Pakistan and give others an opportunity to invest in this region. So far in an effort to boost development, Pakistan and China are implementing the “China-Pakistan Economic Corridor” CPEC with $60 billion in investments targeted towards energy and other infrastructure projects. Pakistan believes CPEC investments will enable growth rates of over 6% of GDP by laying the groundwork for increased exports.
Picture taken by:https://propakistani.pk