Pakistan has become more favorable for investments in multiple sectors due the launch of the (CPEC) China - Pakistan Economic Corridor, said President of Pakistan Mamnoon Hussain.

President was addressing a gathering of business persons and investors on Tuesday evening. Mamnoon Hussain said that the Gwadar Port was emerging as a gateway for the central Asia and countries of the region, providing commodious opportunities to increase communication to raise living standards, reports Xinhua news agency.

"Pakistan has become a most attractive destination for local and foreign investments and the vast improvement in law and order has enhanced the business activities and confidence of the investors," he said.

President Mamnoon Hussain urged all countries in the region and beyond to join the CPEC to further amplify cooperation and economic ties with Pakistan and other regional countries.

The President said the government had comprehensively formulated flexible economic policies for creating a business-friendly environment in the country, which has attracted foreign investors to invest in Pakistan.

The CPEC is a long-term and structured project that has achieved tremendous achievements by completing several mega projects in a wide range of sectors including energy, housing, transportation infrastructure development and transformation of Gwadar port. 

One of the Chines company has extraordinary plans to build housing for some 500,000 Chinese workers in Gwadar, Pakistan by 2022.