KARACHI: Special Assistant to the Prime Minister for China-Pakistan Economic Corridor (CPEC) Affairs Khalid Mansoor said on Thursday that during the initial phase of CPEC, electricity was too expensive due to the cost of fuel oil, which could directly affect the balance of the country. payment station.
Addressing the second day of the “Future Summit”, hosted by the Nutshell Group in conjunction with the Martin Dow Group, Mansoor said CPEC was not China-centric. From their perspective, it’s all about regional connectivity. Outside of China, Special Economic Zones (SEZs) are open to the world. “We will soon hold an international conference on the importance of CPEC,” he added.
Mansoor further said that by 2030, the China-Pakistan Economic Corridor project will open countless doors for foreign investment in Pakistan that will benefit the country’s economy. As already, not only China but also other countries and business leaders around the world are paying huge attention to this multifaceted and magnanimous mega development project.
Douglas Corley, Founder of DHB Global and CEO, Alaunius Technologies and Global Panel Member, MIT Technology Review, said that during the severe wave of the coronavirus pandemic, three pillars have taken on undue importance, namely government versus governance, rebuilding trust and adapting to conduct business with continuity.
He also said the role of technology is indispensable in mitigating the impact of Covid-19 while it is the primary responsibility of leaders to ensure safe products.
In line with what follows, Douglas also pointed to the merging of healthcare with climate change innovation, the date rush, and the influence of cryptocurrency in the future.
Senator Dr. Musadik Malik, while expressing his views during the second day of the Future Summit, said “there was a time when television created magic in every nook and corner of the world, and then the emergence of mobile phones has taken hold of the market”.
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The senator also said that the role of policy makers is predominant for decisive decision making and anticipating the future in the most systematic way. Senator Malik also underlined the importance of microchips which are used in health care to closely monitor and check the condition of the patient from time to time. time. This shows how technology has impacted the lives of humans.
Malik also said that “you have to imagine the future in a different way, then design strategies accordingly, taking into account your vision and your mission and, through innovation, you direct your life towards the future. ‘to come up. Trends are visible to everyone, the trends we see in health care indicate that the burden of disease is increasing as people live longer and battle multiple diseases.
Minister of State and Chairman of the Investment Board, Muhammad Azfar Ahsan, said, “I say this with full responsibility that the Pakistani economy is reinvigorating at a rapid pace. »
Azfar said that the current government is taking all possible measures to improve and stimulate the country’s economy by increasing the level of exports and added that it is very important to refine the entire process of corporate governance. .
President BoI also said that the role of business community is decisive in the economic growth of Pakistan and the doors of the BOI are always open to them. The current government has paid immense attention to ensuring business-friendly policies at all levels, without any discrimination. The incumbent government’s investor-friendly policy has driven economic development in recent years.
Azfar added that BoI is considering several sectors which will help a lot in attracting huge foreign investment to Pakistan under the leadership of Prime Minister Imran Khan.
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Chairman of IoBM Institute of Business Management and Pakistan Management Association, Talib S Karim while recalling the time when the Covid pandemic was discovered, said the biggest challenge for the educational institutions was to familiarize themselves with the use of the virtual and online learning system which has been successfully adhered to in letter and spirit in order to avoid any loss of studies due to the rising wave of the endemic coronavirus.
In his remarks, Dr. Shahid Mahmud, President and CEO of Interactive Group of Companies, praised the efforts of Nutshell Group and Martin Dow Group for organizing such a fascinating contest.
He said Pakistan will become the world’s fifth largest economy in the coming years. CPEC will be instrumental in bridging strong South Asian-African relationships among diverse communities and businesses.
Dr Shahid said, “My perception of CPEC is that in the years to come, we will become a kind of nation that China will depend on.” China has been pushing its economy by making full use of its manpower effectively and efficiently to explore many opportunities around the world, the Interactive Group CEO said.
Copyright Business Recorder, 2022