(December 26-2022) The Pakistan Economy Watch (PEW) on Monday said political instability, law and order situation, and economic decline are upsetting Chinese investors.
There is no possibility of further investment by Chinese businessmen in Pakistan under the current set of circumstances, it said.
Under the CPEC, some investments are being made in energy and infrastructure projects, but it is becoming impossible to attract Chinese investors in other sectors, said Dr Murtaza Mughal, President of PEW.
In a statement issued here today, he said that Pakistan’s trade with Iran and Afghanistan is insignificant while trade with India is suspended while trade continues with only one neighboring country China.
Chinese investors can invest heavily in Pakistan if their concerns are addressed and they are provided with a favorable environment, he added.
Dr Mughal said that Chinese investors have relocated many industries to far-flung countries avoiding Pakistan due to a number of issues that were never addressed.
He said that the rules of doing business in Pakistan are not good and the overall business environment is toxic, due to which foreign investors hesitate to invest in Pakistan.
For 40 years the policymakers believed that Pakistan would be protected if there is a friendly government in Afghanistan which turned out to be an illusion as now Pakistan is continuously being attacked by this side.
The Taliban government has not only failed to meet the expectations of the international community, but it has also failed to meet the expectations of Pakistan, he said.
