1. Role of Diaspora in Economic Corridors Development (ECD) in Pakistan
22 December 2016
Place Date here

2. Pakistan Economic Corridor Program
Investments in Transport Infrastructure in Punjab, KPK and Balochistan –are part of CPEC or CAREC Corridors
Studies on Economic Corridors Development along these and other Corridors
Supporting PPPs in Punjab and Sindh

3. E-35 N50 N70 M-4 Legend Gwadar Karachi Kalat Multan Quetta Khuzdar! H
Badin
Gwadar
Thatta
Karachi
Tharparkar
Tando Muhammad Khan
Dadu
Sibi
Uthal
Kohlu
Kalat
Multan
Vehari
Kachhi
Chagai
Washuk
Quetta
Nushki
Kharan
Turbat
Barkhan
Lodhran
Matiari
Sanghar
Umerkot
Mastung
Panjgar
Khuzdar
Khanewal
Rajanpur
Kashmore
Jamshoro
Jacobabad
Shikarpur
Hyderabad
Pakpattan
Bahawalpur
Dera Bugti
Mirpur Khas
Muzaffargarh
Bahawalnagar
Rahim Yar Khan
D.G.
Khan
Naushahro Feroze
Dir
Swat
Tank
Wana
Zhob
Hangu
Bannu
Karak
Swabi
Okara
Kasur
Jhang
Bajaur
Attock
Mardan
Layyah
Jhelum
Gujrat
Lahore
Ziarat
Chitral
Bhakkar
Shangla
Narowal
Sailkot
Khushab
Chiniot
Sahiwal
Loralai
Malakand
Peshawar
Nowshera
Mianwali
Sargodha
Sheerani
Charsadda
Hafizabad
Musa Khel
Abbottabad
Islamabad
Rawalpindi
Gujranwala
Faisalabad
Lakki Marwat
Nankana
Sahib
Qila Abdullah
Qila
Saifullah
Mindi Bahauddin
D.I.Khan
Qambar
Shahdadkot
Dera Murad Jamali
Shaheed Benazirabad
Bagh
Neelum
Mirpur
Ghizer
Diamir
Astore
Hattian
Ghanche
Kohistan
Muzaffarabad
Bhimber
Gojra
Nag
Hoshab
Chaman
Taftan
Chakothi
Kalam
Besima
Rato
Dero
Darya
Awaran
Surab
Battagram
Raikot
Pishin
Khairpur
Mashkai
Wadh
Sakrdu N5
N110 S3 S1 N 1 5
N305
N125
N120
N95
N85
N55
N65
N45
N40
N30
N25
N15
N10 M8 2 M 8
N75
N80 S2 6
N35
Larkana
Chakwal
Khunjrab
Motorway, M4, 241 km
(Faisalabad-Gojra-Shorkot-Khanewal-Multan)
Legend
N50
Sukkur
E-35
N50
Havelian
E35
Hassan-
abdal
N70
N50
Mughal
Kot M4
M-4
N25
Shorkot
Waigum
Rud
N70 M4
Balochistan N-50, 81 km
(Zhob-Mughal Kot)
Balochistan N-70, 120 km
(Qilasaifullah-Loralai-Waigum Rud)
CAREC, N-25, 267 km
(Chaman-Quetta-Kalat)
CAREC, N-55, 293 km
(Peshawar-D.I Khan)
E-35, 59 Km
(Hassanabdal-Havelian)

4. ADB Financing for PR Rail Networks
ADB Financed

5. Pakistan Economic Corridor Program
BUT…..Economic Corridor is more than just transport Infrastructure…
INVOLVES economic activity along the integrated transport corridor in a geographic area designed to stimulate Economic Development
STUDIES on Eco. Corridors Development along these and other Corridors complement ADB infrastructure investments
WILL SELECT at least FOUR Viable Eco Corridors for further Assessment for PLANNING,
POLICY ACTIONS and INVESTMENT

6. Economic Corridor Development in Pakistan
ADB study covers FIVE KEY ASPECTS:
Economic perspective of ECD for maximizing the comparative and competitive advantages of ECD
Institution and Regulation for enabling environment
Empirical Analysis – Development of indicators and GIS application system using existing data bases
Role of Diaspora - tapping the Pakistan’s global talent and resources for developing ECD in Pakistan
Poverty and Inclusiveness - multi-dimensional
poverty including social and gender aspects

7. ECD in Pakistan: Role of Diaspora
Key questions to be addressed in this study include :
Why we should consider Pakistan diaspora in ECD (especially given the scale and magnitude and potential power of the diaspora)?
What are the key diaspora aspects that are relevant for ECD?
How the Pakistani talent and resources all over the world can be useful for ECD?
Are there any lessons or best practices from other places in the world that can be learnt?
What are the overall key challenges and policy implications of developing more inclusive ECD by incorporating diaspora?

8. ECD in Pakistan: Role of Diaspora
ECD offers significant opportunities for potential investors especially in production sectors
GOP has also identified potential Special Economic Zones alongside the CPEC that will attract local & foreign investments and generate employment (BOI is important stakeholder)
Pakistani diaspora is UNTAPPED POTENTIAL RESOURCE

9. ECD in Pakistan: Role of Diaspora
Literature notes increasing evidence of the role of diaspora in national development of origin countries through…
DIRECT INVESTMENT persuades local investment boost confidence in emerging markets
Human Resource Development, Skill and knowledge transfer to country of origin as diaspora set up businesses and seed entrepreneurship
Tapping Savings and Assets through INDIRECT INVESTMENT in Financial Instruments
-Diaspora Bonds and Investment funds, Special Saving Accounts-NRI deposits in India ($40 billion by 2008)

10. ECD in Pakistan: Role of Diaspora
Several examples of BEST PRACTICES in Asia and other regions
-Success stories from India and China
Shenzhen Economic Zone- first Chinese SEZ along southern coastline, established in 1980, became a manufacturing hub and modern metropolis in 30 years
KEY HIGHLIGHT Chinese Entrepreneurs from neighboring Hong Kong provided 90% of investment in Shenzhen following Liberalization and Reforms by Chinese government

11. ECD in Pakistan: Role of Diaspora
Pakistan has legal framework and Institutional setup - M/O Overseas Pakistan and OPF
- Dual citizenship, right to vote, property rights
So far OPF has relatively LIMITED FOCUS - eg Welfare of overseas Pakistanis
HOWEVER
There are good examples of philanthropy contribution as well as some investment in production sector by Pakistani Diaspora

12. ECD in Pakistan: Role of Diaspora
It requires a SYSTEMATIC APPROACH for effective engagement with overseas Pakistanis
Identification of goals (internal) and capabilities (external)
Mapping of Diaspora A database of Pakistani diaspora based on skills inventory will be a good starting point
Creating Awareness on Potential opportunities in economic corridors
Facilitate Potential Overseas Pakistanis for investment

13. THANK YOU