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Chinese investment boosts Pakistan's economic growth

China's involvement is 'Trojan horse' to some, 'game changer' to others

Pakistan's first bulk terminal for handling coal and cement, built with support from China, will open in March at Port Qasim, Karachi. (Photo by Go Yamada)

KARACHI Pakistan, the world's sixth-most populous country, has embarked on a high-growth trajectory.

The nation of around 200 million people posted gross domestic product growth of 4.7% in the fiscal year that ended in June 2016, and the economy is predicted to expand by 5% or more this fiscal year. The outlook for growth encouraged Morgan Stanley Capital International to upgrade the Pakistan Stock Exchange last June from Frontier Market to Emerging Market status.

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