“CPEC projects are estimated to contribute around 3.5 percentage points to Pakistan’s GDP (gross domestic product) growth once they are fully delivered,” he emphasised while speaking at an event in Karachi. ECC approves Rs17.5 billion supplementary budgetEarly harvest projects under CPEC are expected to be completed in the current calendar year. Later, short-term projects are anticipated to be completed by 2022, medium-term projects by 2025 and long-term projects by 2030 and beyond. Pakistan achieved a 13-year high GDP growth of 5.8% in FY18. However, the growth is expected to slow down to around 4.4% in the current fiscal year and 4.1% in FY20, according to Fitch Solutions.

Source: The Express Tribune March 22, 2019 02:59 UTC