Lots of loans were taken during 10 years of darkness, PM Imran Khan

ISLAMABAD (92 News) - Prime Minister (PM) Imran Khan performed the groundbreaking of Central Business District in Lahore on Friday.

Addressing a ceremony on the occasion, the Prime Minister said this project will serve as a business hub that will help in wealth generation.

Imran Khan was confident that this project will help generate six thousand billion rupees. In the first phase, he said the project will generate 1300 billion rupees and the federal government will get two hundred and fifty billion rupees in taxes. "A lot of loans were taken during 10 years of darkness and installments are increasing each year," he added.

The prime minister stressed that wealth generation projects are important to strengthen the economy enabling it to return the loans. He regretted that the economy was mismanaged in the previous two governments.  He said we inherited difficult economic situation. He however expressed satisfaction that the current account surplus remained surplus during the first six months of current fiscal year. He said our textile exports are also witnessing increase and new industries are being set up in the country.

Referring to Naya Pakistan Housing Project, the premier said this will provide affordable houses to the salaried class and the labourers. He said Pakistan and Qatar have signed a new LNG import agreement for ten years. He said it took the government three years to negotiate this agreement which will help save three hundred million dollars annually.

Earlier, PM Imran Khan will pay a one-day visit to Lahore today (Friday) where he will chair sessions at Chief Minister House besides holding meetings with the provincial lawmakers.

 The premier will hold separate meetings with the Punjab governor and chief ministers. He is also scheduled to meet the members of the provincial assembly (MPAs) during his visit.

Imran Khan will be briefed over the administrative and other matters of the Punjab government, whereas, he will issue important instructions in the meetings. A briefing will also be given to the premier to establish a mega business centre at the place of Walton Airport.

The premier’s visit is scheduled ahead of the Senate elections 2021 to be held on March 3. The PM will also lay foundation stone of central business district project in Walton.