Prime Minister Shahid Khaqan Abbasi on Wednesday addressed a panel at the World Economic Forum in Davos, Switzerland saying Pakistan, with the help of One Belt and One Road initiative (OBOR), has gained great investor confidence.
Talking to a panel attended by Asian Infrastructure Investment Bank (AIIB) President Jin Liqun, Caixin Global Managing Director Li Xin, Russian Direct Investment Fund CEO Kirill Dmitriev, AECOM CEO and Chairman Michael Burke, Singapore Minister Chan Chun Sing and China National Machinery Industry Corp Chairman Ren Hongbin, Abbasi said that there is much more than just the infrastructure on ground.
OBOR is the flag bearer of financial stability and despite core plants coming in the investors have ensured that the projects are environmentally sustainable.
He further added saying that its important that these projects are inclusive.
“Of course there are bilateral constraints but they should be available to local players,” he stated.
Hopefully what may seem like a white elephant today would turn out to be more efficient utilization of resources. PM Abbasi said that governments are known for non primal utilisation and we are very cognizant of that.
Pakistan through its port development can provide much more efficient connectivity to most of Central Asia. Complementary policies and greater utilisation of resources will eventually create much greater financial stability.
“China is helping the world to common destiny for mankind, this will be a tremendous opp for China to show the kind of power it wants to be in the next economic phase,” a panelist added saying during the discussion.
