ISLAMABAD (News Desk): Over 98 per cent physical progress on 79 km Mansehra Thakot section of 118 km long Thakot-Havelian Motorway, one of the early harvest projects of China Pakistan Economic Corridor (CPEC), has been completed and soon it would become functional, an official of National Highway Authority (NHA) told APP on Friday. About 40 kilometer section from Shah Maqsood inter-change to Mansehra had been inaugurated by Prime Minister Imran Khan in November last year, he added. He said work on Havelian-Thakot Motorway project started in September 2016 and it would cost Rs133 billion. Ninety percent of the project had been funded by China Exim Bank while the 10 percent was being funded by Government of Pakistan, he said. The motorway will start from Havelian and will pass through Abbottabad, Mansehra and Shinkiari and ends at Thakot. The motorway has five tunnels, two at Abbottabad and one each at Battal, Karmong and Mansehra. Upto Mansehra, its 39 km portion has six-lane controlled access portion while the remaining 79 km would be four-lane highway. Pakistan is committed to documenting its economy, tax collection and having prudent fiscal management, said Ali Jahangir Siddiqui, Ambassador-at-Large for foreign investment. Addressing an event at the Carnegie Endowment for International Peace, a local distinguished think tank, Ambassador Siddiqui raises points to understand opportunities for American business and growth in trade between the US and Pakistan. The event titled, “Is Pakistan open to American business” was held here on Thursday. Both the US and Pakistani governments have identified expanding trade and investment ties as a necessary step to improve bilateral relations, but Pakistan’s close relationship with China has also sparked concern in the United States. Ambassador Siddiqui offered key areas of investment while highlighting CPEC related broad-based investment opportunities. He informed the audience that Pakistan has been transparent about CPEC projects. He pointed out that project details that upgrade infrastructure are available on public forums while American companies such as GE and IFC have been interested in CPEC related projects. Siddiqui underscored that Pakistan has been ranked higher than before in ease of doing business just because in the last one year the government worked tirelessly to resolve issues and offer a “one window” solutions. Presenting the case for investment in the agriculture sector, Ambassador Siddiqui argued that the US companies should bring technology to the country. He presented the case that in last few years Pakistan’s corn production went up dramatically. He mentioned that Agro yields in wheat, rice and cotton have the similar potential to grow through new technology. “We would hope for a much broader partnership,” Siddiqui said adding that Pakistan and the US are looking for a relationship that goes beyond economics as well. He mentioned partnership in education sector, cultural exchange and contributions on expats as many elements in the relationship. Siddiqui said that Pakistan has made significant progress in FATF compliance. The country, he said, is on a typical pathway to coming off the grey list. “Is Pakistan open to American business” was held here on Thursday. Both the US and Pakistani governments have identified expanding trade and investment ties as a necessary step to improve bilateral relations, but Pakistan’s close relationship with China has also sparked concern in the United States.