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business
Thursday Feb 23, 2017
By
AAPP

CPEC to boost Pakistan's economy: Moody's

By
AAPP
CPEC to boost Pakistan's economy: Moody's

ISLAMABAD: The China-Pakistan Economic Corridor (CPEC) will boost economic activities in Pakistan and the ratio of economic progress is expected to be 4.9% during the current year, says a report issued by international rating agency Moody's Investors Service.

According to Moody’s, CPEC will boost economic activities, increase industrial production and augment development work.

The report also commended the banking system of Pakistan, saying that the banking strength of the country would result in further progress in next fiscal year 2017-18.

Poor security situation and political instability can be potential hurdles in the economic progress, the report said.

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