Pakistan on radar for investors: Indian newspaper

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An article appearing in an Indian newspaper, Economic Times has stated that Pakistan is on radar for investors who are willing to invest in an economy that is poised for long-term growth.

The article goes on to state that with a return of over 50 pc, the Pakistan Stock Exchange (PSX) has emerged to be the best performing market in Asia last year, registering a record high in January.This has been coupled with World Bank projection of Pakistan’s economy growing at 5.2 pc this year and 5.5pc cent next year.

Moreover, exponential growth in the auto sector, cement industry gaining momentum, rise in property prices, moderate inflation and luring interest rates have all paved way for foreign investment.

The article goes on to say that a comparatively better security environment,  China-Pakistan Economic Corridor (CPEC) related infrastructural development have all played a role in boosting domestic investor confidence and enhanced overseas remittances.