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Pakistani business environment improving under CPEC: Says Chinese scholar

BEIJING: Pakistan business environment has shown considerable improvement in recent years under CPEC, as the country now stands 108 among 190 economies in the WB Ease of Doing Business ranking. This was stated by the Chinese scholar Cheng Xizhong, while reviewing the impact of CPEC on Pakistan’s economic growth, according to Gwadar Pro App. Pakistan has secured a place among world’s top 10 business climate improvers. International credit rating agency Moody’s has also upgraded Pakistan’s credit rating outlook to ‘stable’ from ‘negative’. Foreign companies have made additional investments in Pakistan. Last October, Hong Kong-based port operator Hutchison Port Holdings committed investment of ?240 million for container terminal capacity increase at Port of Karachi. In the same month, Nestlé inaugurated a new juice plant worth ?22 million in Punjab to increase its production capacity in Pakistan. Cargill and PepsiCo, global food and agricultural producers, both said they would expand or make new investment in Pakistan. INP



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