ISLAMABAD: The global currency rating agency has predicted that the China-Pakistan Economic Corridor (CPEC) project would boost trade and economic activity in the country.
The agency said that the economic corridor will also bolster transport and energy sectors and will ultimately result in economic improvement. It added that Pakistan’s B3 issuer rating reflects moderate indicated the stable B3 rating to Pakistan’s global bond offering, terming the outlook stable.
The implementation of the China-Pakistan Economic Corridor, will over time, bolster growth through investment in transportation and power generation infrastructure. It has also been pointed out that, the lack of extension of taxpayers’ circle and savings as weak points and indicated that lack of cooperation between institutions can hinder continuance of policies.
