July 26, 2021: China’s Belt and Road Construction (2021) Annual Report on Investment Security, which was jointly released by the China Belt and Road Think Tank Cooperation Alliance, Beijing International Studies University, and others, has ranked Pakistan economy in the top 10.

The report highlights the benefits of research on the protection of political, economic, social, cultural and environmental investments in countries, including the Belt and Road Initiative (BRI).

According to the report, Pakistan has implemented a series of preferential policies in recent years and made reforms to make it easier to start a company and obtain a building permit.

According to China Economic Net (CEN), these measures have improved its ability to attract foreign investment and strengthened the ease of doing business year after year, making Pakistan one of the best and most improved business environments in the world. With one of the world’s 10 largest economies.

In terms of political security, the report says that South Asia as a whole is deeply affected by the superpower game.

China, the United States, Russia, Japan, and other countries outside the region have historical ties and practical cooperation that complicate South Asia’s geopolitical environment. The long-running dispute between India and Pakistan has also increased pressure on political security in the region, with the Kashmir dispute posing a long-standing threat of war.

From an economic security perspective, Pakistan’s economic security increased by 220% in 2019 compared to 2010, showing an overall growth trend.

The construction of the China-Pakistan Economic Corridor (CPEC) has greatly boosted public confidence, stimulated domestic demand and boosted productivity.

However, it is worth noting that since 2019, the accelerated marketisation of the domestic exchange rate in Pakistan has led to market fluctuations, currency devaluation, sustained inflation, forcing the government to raise the benchmark interest rate. Besides, the debt burden increased and the international sovereign rating lowered.

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