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Business community freed from NAB by ordinance: PM

Business community freed from NAB by ordinance: PM
December 27, 2019
KARACHI (92 News) – Prime Minister (PM) Imran Khan said on Friday that the business community is being freed from the National Accountability Bureau (NAB) through ordinance. Addressing a distribution awards ceremony of Pakistan Stock Exchange in Karachi, the prime minister said that the government is committed to facilitate business community in the country. “We want to put the country on the track of economic development,” he added. “The biggest problem for the business community was with NAB, the NAB can arrest anyone. So it is necessary to keep NAB away from the business community because there are many other institutions for business community,” PM Khan said. He assured that the new ordinance is taking relaxation for the traders and business community.
Govt achieved number of economic targets
Imran Khan said government has achieved a number of economic targets during the current year. He said economic team of the government will remain in touch with business community to facilitate them and all obstacles are being removed in ease of doing business.
Inflation rate will bring down in coming months
PM Khan said the inflation rate is currently high and it will bring down in coming months. He said that 2019 was our year of reforms and these reforms have started producing results that will be much more visible in the next year.
Govt to create new jobs
The prime minister also said that the government is committed to create new jobs and ease of doing business in the country. The prime minister said that 2019 was a year of economic stability and 2020 will be a year of progress, prosperity, development, alleviation of poverty and creation of new jobs. He maintained that his Adviser on Finance Abdul Hafeez Shaikh informed people about the ruling Pakistan Tehreek-e-Insaf's (PTI) efforts made to bolster the economy. “The current account was in deficit, the foreign exchange reserves had depleted, there were no dollars, there were debts worth Rs10 billion to be repaid, and a serious risk of default,” he said. “All those who understand this issue know what would have happened [in case of a default] and we have seen that happening in the Latin American countries and Lebanon.” “Thank God that the rupee has become stable [and] the investor confidence returned. 2020 will be the year of growth and we will incentivise the industries, help our business community, and focus on the small- and medium-sized businesses,” he added.