ISLAMABAD - Board of Investment (BOI) Chairman Miftah Ismail on Tuesday expressed the optimism that the China-Pakistan Economic Corridor (CPEC) would attract huge international investment, resultantly enhancing employment opportunities and spurring economic growth.

“After the completion of this mega project, Pakistan is expecting approximately $150 billion worth of investment by different foreign firms, particularly by the Chinese,” Ismail said.

He further said that initially $46 billion worth of investment was expected in the energy sector and infrastructural development under the CPEC, which would help enhance economic activities and industrial growth in the country.

Ismael added that CPEC would be a confidence booster for the investors and attract investment not only from China but other parts of the world as well.

Replying to a question, he said CPEC would connect the country with the region as well as rest of the world; thus exposing it to the international markets.

BOI chairman hoped that investments thus made would transform Pakistan into a regional economic hub.

He pointed out that CPEC would benefit intra-country trade as well since all parts of the country would be connected to the Gawadar port, and an opportunity will be created to enhance exports of different trade items from far-flung areas of the country.