Deals worth $75m finalised at agri expo to bolster Pakistan’s economy

KARACHI: Balochistan Economic Forum’s President, Sardar Shaukat Popalzai has hoped that foreign investment would reach Pakistan during the next seven years and change the lives of people living in Pakistan.

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 the China Pakistan Economic Corridor (CPEC). He said that exhibitions play a major role in economic growth. He expressed pleasure over quality local machinery showcased in the exhibition.

He said that the local machinery 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 CPEC 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 a trillion dollars foreign investment was expected during next five to seven years. CPEC would change living standard of Balochistani 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.

E-Commerce Gateway’s President Dr Khurshid Nizam said that the number of foreigners visiting the 12th exhibition was more than expected. He disclosed that around $75 million worth of deals were finalised at the 3-day 12th Agri, Rice and Food Technology Exhibition.

He said that Pakistan had a golden opportunity because China required all type of food processing machines. The President, E-Commerce Gateway said that the three-day exhibition provided a great opportunity for both local and foreign investors.


- Advertisement -
- Advertisement -

Must Read

Some brokerages pay their CEOs very well. But do their numbers...

Looking at any CEO’s salary in isolation is sort of pointless. It has to be contextualized against performance. We attempted to do exactly that