New Pakistani Government Seeks to Reinvigorate CPEC Projects, Repair Ties with China to Spur Manufacturing and Technology Growth
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The new government aims to prioritize and expedite CPEC projects to diversify manufacturing, boost agriculture, and facilitate technology transfer.
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Trust issues between Pakistan and China due to previous government's actions have caused reluctance in Chinese investment. Repairing ties is key.
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The Special Investment Facilitation Council (SIFC) will likely play a role in facilitating CPEC investments by improving regulations.
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Progress continues on CPEC energy and infrastructure projects. The focus now shifts to special economic zones, agriculture, and technology.
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Critical next steps include enhancing governance, incentivizing investment, addressing security challenges, and creating a one-window facility.