CPEC to boost Pakistan's economy: Moody's

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.

CPEC to boost Pakistan's economy: Moody's was posted in business of Geo TV - https://www.geo.tv on February 23, 2017 and was last updated on February 23, 2017. This news story is related to Business, Business News, Cpec, Geo News, Latest Business News, Moody's. Permanent link to the news story "CPEC to boost Pakistan's economy: Moody's" is https://www.geo.tv/latest/132166-CPEC-to-boost-Pakistans-economy-Moodys.