KEEN to build on the last year’s growth rate of 3.9 per cent to hit the targeted 4.8pc this year, Pakistan is set to leverage the second phase of the China-Pakistan Economic Corridor (CPEC) at a time when the future outlook of the economy is somewhat clouded by the changing geopolitical dynamics and the evolving realignments of contending regional and global powers.

While engaging with European dignitaries converging in Islamabad as the world eerily watches the return of Taliban rule in Afghanistan, Pakistan has mounted renewed efforts to regain Chinese trust to reboot the CPEC. The multi-billion-dollar initiative, projected as the ‘game changer’ for Pakistan, seemed to have lost steam in recent years.

Experts soft towards the dispensation in Islamabad blame Covid-induced reluctance of the investors, a series of violent incidents targeting the Chinese, and certain bureaucratic impediments for the slowdown. Others describe it…

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