As China Pakistan Economic Corridor (CPEC) is moving ahead in the line of progress, China is ready to spend more billion-dollar investment in Pakistan. This time China comes up with an investment of $15 billion in Pakistan’s petrochemical sector.
The project will involve energy pipeline from Pakistan’s city Gwadar to China. However, the $15 billion investment is more than a business deal for Pakistan. In the wake of the New Zealand cricket team pulling out of Pakistan, China is investing more billion dollars that proves Pakistan is safe for investors.
Pakistan’s Board of Investment Secretary Fareeha Mazhar while talking to the Associated Press of Pakistan confirmed that China is all set to invest $15 billion in Pakistan’s petrochemical sector. Mazhar also indicated that China would invest in Pakistan’s agriculture, energy and tourism sectors as well.
As per some unconfirmed sources, China has plans to invest in Pakistan’s pharmaceutical sector. However, the announcement of Chinese investment in Pakistan is a loud and clear message to global investors who were curious if their investment in Pakistan remains safe or not after the security threat to the New Zealand cricket team.