CPEC is an FDI magnet: PBIT chief


China-Pakistan Economic Corridor (CPEC) is a business magnet attracting investment from Europe and other regions; 46 billion dollars from China means many more chunks of 46 billion dollars from other countries of the world which have started negotiating economic deals with Pakistan; there are a number of additional ‘B-to-G’ projects worth billions that are in addition to ‘G-to-G’ $46b China-Pakistan package; KPK’s ruling party’s Senator is setting up a Rs5 billion industrial unit in Punjab, impressed with the province’s immense development.

These views were expressed by Abdul Basit, Chairman, Punjab Board of Investment and Trade (PBIT) and former Senior Vice President, Lahore Chamber of Commerce and Industry, in an exclusive talk with The News.