Emerging Markets Institute has declared Pakistan the most attractive country for Infrastructure development in South Asia.
Emerging Markets is the research publishing institute of the World Bank and International Monetary Fund (IMF). The institute invited Ahsan Iqbal, Minister for Planning, National Reforms and Development in Pakistan to receive the Infrastructure development award in Washington. Due to his unavailability,Jalil Abbas Jilani, the Pakistan’s ambassador to the United States, received the award.
Pakistan gained this status due to various ongoing infrastructural development projects in the country. These projects include the CPEC (China-Pakistan Economic Corridor), Lahore to Karachi railway line, Liquified Natural Gas pipeline, and power generation plants in different industrial zones.
The institute also declared Finance Minister of Pakistan, Ishaq Dar to be the best finance minister.
The reason behind the declaration of Pakistan to be the best country for investment is its developmental projects and affinity to grow. In the last few decades, Pakistan has seen tremendous issues, such as miserable law and order situation, terrorists’ attacks, political instability and resulting economic upheaval. All these had sent a wrong message to foreign investors as they perceived it as a poor choice for investing.
Now, the things have become much better. It is the geopolitical importance of the Pakistan that makes it significant for multinational organizations and foreign countries. Now, it is upon the government to devise a policy that ensures that our geopolitical position becomes a blessing and no a curse. It is much evident that making alliance on the issue of US-Russia conflict in exchange of million of dollars has made us nothing but a victim of terrorism, but using the same position to enter into projects of economic development such as CPEC has made our country center of attraction for investors and boost the economic prosperity of the region.
These economic goals are well linked with infrastructure development and that’s possible only when if our country manages to boost its status in the eye of international investors.