The pack will boost investment, World Bank

Karachi: The World Bank has said that Pak-China Economic Corridor project will be eliminated will promote investment in Pakistan, power shortages and transportation barriers will be removed.

The World Bank said China Peshawar to Karachi railway is assured of $ 5.5 billion in funding to build the line, this project will be an important transit corridor for people and cargo, the Asian Infrastructure Investment Bank also M-IV motorway has released $ 10 million in financing for construction. According to the World Bank project in the pack is an important project, which pack the sovereign guarantee of the projects will increase fiscal concerns a period in the middle of Pakistan, the year of general elections in 2018 the fiscal deficit is expected to increase.

The port that the pack project has been started since 2015, the benefits of visiting Pakistan and the upward trend in investment, Iran had also expressed interest to join the Pack project at the beginning of 2016. According to the World Bank, Iran is expected to increase in line with public investment, private investment (near term) in Pakistan in the event of completion of the project (medium term).