ISLAMABAD: The Pakistan Economy Watch (PEW) on Sunday said the upcoming visit of Prime Minister Imran Khan to China can result in various deals which will help stabilise the country’s troubled economy.
The US has started a cold war against China and it is pressurizing Pakistan using India against China and Pakistan and damaging the regional economic order, it said.
In the given scenario, Pakistan and China need each other to confront regional threats which is only possible when Islamabad is backed by a stable economy, said PEW President, Dr Murtaza Mughal.
The outcome of PM Khan’s visit could be new deals worth billions of dollars, a package to improve the balance of payments crisis and Beijing can also help the International Monetary Fund (IMF) relax the loan conditions for Pakistan, he said.
Dr Murtaza said that the Chinese companies are facing problems due to US sanctions, therefore, Pakistan can offer them help in relocation to Pakistan while investment in other sectors can be persuaded.
Chinese investment in the agricultural sector could be sought to develop this sector and improve the trade balance by exporting agricultural products to China.
Both the countries can tackle doubts over CPEC and decide to prioritise and expedite the projects under the Chinese initiative, he said.
CPEC is a huge economic opportunity which has created 80,000 jobs in Pakistan and by the end of 2030, some 700,000 more jobs are to be created.
The strategic partnership between Pakistan and China is not against any third country while the US-India relationship is clearly meant to harm Pakistan and China.
