Pakistan on radar of investors for long-term growth: Indian newspaper

-File photo —File Photo

Pakistan is on the radar of investors hunting for an economy poised for long-term growth.

This was stated in an article appeared in Indian newspaper Economic Times.

The paper writes that with a return of over fifty percent, the Pakistan Stock Exchange benchmark index was the best performer in Asia last year, hitting a record in January.

The World Bank has forecast the economy to grow five point two percent this year and five point five percent next year.

The newspaper says that surge in auto sales, off take in cement, rise in property prices, benign inflation and lower interest rates have excited foreign investors.

It writes that a comparatively better security environment, heavy investment related to China Pakistan Economic Corridor, increased domestic investment and enhanced overseas remittances.—Radio Pakistan