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Fill in the blank: The _____________ is a key initiative…
Question
- A. South Asian Association for regional cooperation (SAARC)
- B. China-pakistan economic corridor (CPEC)
- C. Pakistan Industrial development Corporation (PIDC)
- D. national Industrial policy
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correct Answer ( B )
The pakistani industrial sector has strived to increase its global competitiveness . While the impact of CPEC is multifaceted and debated , a major aim is to improve infrastructure thereby making Pakistani industries more competitive internationally . Improved connectivity, energy projects and investments under CPEC aim to address some of the long-standing barriers to industrial growth such as energy shortages and inefficient transportation . The long-term success of CPEC in increasing competitiveness hinges on effective implementation and addressing potential challenges .