According to latest report, as the CPEC is paving its way to accomplishment, it is creating a dis-balance on the import and export payments on the economy of Pakistan. It has been observed that the import ratio is far higher than the export ratio due to the increased CPEC infrastructure and its connected projects in Pakistan.
In order to solve this problem Mr. Younus Dagha, the Secretary of Commerce has devised a plan to replace foreign imports with the native domestic production. This objective could be achieved by heavily investing in industrialization by providing a focused framework to the multiple industries to develop joint ventures for improving the export.
This new approach of “trade-balancing industrial investment” will help Pakistan to reduce the pressure on the balance of payments and will ensure to cover the CPEC payments quickly.