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Bilal Ahmad Butt, Consul General of Pakistan, spoke at the Chamber’s Asia & Africa Committee meeting on 9 March on Pakistan’s latest economic developments and business opportunities.
Exploring Pakistan’s Untapped Potential

Bilal Ahmad Butt, Consul General of Pakistan, spoke at the Chamber’s Asia & Africa Committee meeting on 9 March on Pakistan’s latest economic developments and business opportunities. As the fifth most populous country in the world, with 60% of its population between 16-30 years old, Pakistan possesses a young workforce and rising consumer market, the Consul General explained. It also presents many business opportunities for investors in sectors including textiles, tourism and hospitality, food processing, housing and construction, and IT.

China has already pledged US$60 billion of investment via the China–Pakistan Economic Corridor (CPEC), which aims to upgrade Pakistan's infrastructure and strengthen its economy by the construction of modern transportation networks, energy projects, and special economic zones. While China remains Pakistan’s leading FDI source by a wide margin, accounting for one-third of the country’s inflows in 2020, investment from Hong Kong is not to be underestimated either. Hong Kong ranks fourth, and contributes 7% of the country’s total FDI. 

One of these major Hong Kong investors is port operator Hutchison Port, which is leading the way in the development of Pakistan's Karachi port, having committed investment of US$240 million to the project.
 

2021/03/09
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