Islamabad: As per a World Bank report, Pakistan – for the first time– has become one of the top five countries in the world with the most investment in the first half of 2020, according to a news source published on December 9.
The Private Participation in Infrastructure (PPI) 2020 Half Yearly Report stated, “Pakistan had the fourth-highest investment commitments, a new entrant to the top five countries this year with $1.9 billion of investment commitments, accounting for 0.69 per cent of GDP”. Moreover, the report stated that the current year’s Private Participation in Infrastructure as unprecedented because of COVID-19 – which has brought many sectors like infrastructure to a halt.
Since the beginning of 2020, existing infrastructure projects were cancelled or delayed owing to the supply chain disruptions, travel and shipping restrictions and other such hindrances. Reportedly, the coronavirus pandemic has significantly reduced financial closures of investment projects across the globe, particularly in East Asia and the Pacific region.
A pipeline in Mexico and a Thar power plant in Pakistan (under the China-Pakistan-Economic-Corridor) are the only two mega-scale projects that reached financial closure in the first half-year of 2020.
Hazafa reveres the art of writing and has been turned into a property enthusiast by profession. Her daily survival kit includes; tea, coffee, keyboard and paperbacks.
