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Pakistan’s GDP might grow by 15% once CPEC become operational’
Speakers at ICAP CFO Conference were hopeful that Pakistan GDP growth rate may boost by 15 per cent once China-Pakistan Economic Corridor (CPEC) becomes fully operational
This project is a big game changer for Pakistan and will help reduce unemployment bringing prosperity and opportunities for various sectors. However the key is that the Government will have to bring more transparency in CPEC related projects and issues. More information and openness policy will have to be adopted for financial experts.
Annual ICAP CFO Conference 2017 with theme "Shaping the Future, Connecting the Dots - Learn, Leverage, Lead" was hosted by the Institute of Chartered Accountants of Pakistan on Tuesday here at a local hotel.
Regional General Manager, Marriot International, Hartmut Noack said construction of new hotels and malls, large variety of TV channels and cultural activities between Pakistan and China will increase once CPEC become operational.
Discussing their observations and future prospects related to CPEC, speakers highlighted that people may face language barriers, cultural differences, political inconsistency, regional instability, safety & security issues, infrastructure -accessibility.
They urged authorities to address these challenges to unleash the full potential of this huge project.
CPEC will bring large opportunities for Pakistan and living standard of people of the country will be improved significantly in near future.
Delivering his keynote presentation on "Global Trends - A Glimpse at the Big Shift," Founder and President Emeritus, World Future Society, Dr Jose Cordeiro, said upcoming 20 years will be era of technology and technology will fulfill all food, education, health and living standard requirements in future.
He said cancer, aging and other diseases will be cured through technology in future while cloning of human organs will also be ensured with the help of technology.
Inclusion of technology in daily life in future will improve the living standard of people across the world. He said next 20 years is the era of changes and opportunists which was never happened in last two centuries.
Earlier, President, Institute of Chartered Accountants of Pakistan Nadeem Yousuf Adil, in his welcome address, said the annual ICAP CFO Conference is undoubtedly a day packed with extraordinary learning and networking experience for the entire finance fraternity.
