This is apropos "FDI in Pakistan: China now top investing country" carried by this newspaper on Sunday. According to it, Federal Minister for Planning, Development and Reform, Ahsan Iqbal has said that China has now become the top investing country in Pakistan.
According to Professor Ahsan Iqbal, China has emerged as a top country in respect of FDI in Pakistan. He said China's FDI was 13 percent of the total foreign investment in 2013, far behind other countries. "But now after the CPEC, China has emerged as the top country in respect of FDI in Pakistan," he was quoted as saying. Although this news item is a positive development, the prospects of overall FDI from multiple sources are not bright because of a host of reasons. Workers' remittances too do not provide any occasion for optimism. Increased inflows of FDI from various parts of the world have become a critical necessity in the absence of increased exports in particular.
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