China asked to invest aggressively in Pakistan
Xinjiang province should be developed on war footing
Unconditional Chinese Investment Should Get Primary Importance
Islamabad: [Feb 20]
The Pakistan Economy Watch (PEW) on Sunday said Pakistan and China are natural allies enjoying exemplary relations beyond a shadow of doubt.
Issue of uneven growth in World's No 2 economy with GDP reaching $5.7 trillion
should be taken seriously and resolved immediately, it said.
In future, it may be not easy for China to maintain rate of progress without addressing the problem of inequality, said Dr. Murtaza Mughal.
Visionary Chinese leadership should revisit growth-promoting reforms before it pose any risk to poverty reduction efforts at home and potential implications for the rest of the world, he said.
China needs to pour more money in all underdeveloped areas including Xinjiang province to bring it at par with developed areas to minimise chances of political unrest in future, he added.
It will also have a very positive economic impact on countries bordering Xinjiang including Pakistan. There will be dramatic growth in relations, said Dr. Murtaza Mughal.
He said government need to enhance efforts to implement decisions announced during historic visit of Chinese Premier to Pakistan.
Pakistan deserves enhanced share in China's eye-popping pace of growth and its foreign direct investment standing at $400 billion, he said.
Our economically under-developed country is looking forward for more Chinese-funded infrastructure projects with emphasis on energy as stable Pakistan is in the interest of Beijing, said Dr. Mughal.
Pakistan should try not to remain heavily dependent on US aid that results in additional pressure. Chinese investments that are always without strings but play a secondary role should be encouraged to strike a balance.
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Dr. Murtaza Mughal
Cell: 0321-5157671
President Pakistan Economy Watch
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