The Asian Development Bank (ADB) has proposed certain policy actions to fully explore the potential benefits of China-Pakistan Economic Corridor (CPEC) and raise income from exports and enhance fiscal capacity of the government.
A case study on Economic Corridor Development (ECD) in Pakistan released by the ADB on Wednesday proposed to utilise the transport infrastructure built under the CPEC more effectively and efficiently to maximise investment return by converting it into a multilateral initiative.
For instance, the study noted that economic connectivity and integration with the landlocked Central Asian countries could provide the Central Asia Regional Economic Cooperation (Carec) participating states with efficient and effective access to global markets through the strategically located Gwadar port.
