Thursday, December 7, 2023

Caretaker govt, COAS trying to bring investment under joint-ventures to improve economy: President

Caretaker govt, COAS trying to bring investment under joint-ventures to improve economy: President
October 28, 2023 Web Desk

KARACHI (APP) - President Dr Arif Alvi on Saturday said that the incumbent caretaker federal government and Chief of the Army Staff (COAS) General Asim Munir were trying to bring foreign investment under joint-ventures to improve the economy of the country.

He said that the decision-making played a vital role in putting the country on the path to economic stability. Addressing the 15th Rice Exporters Association of Pakistan (REAP)’s Recognition Ceremony, also attended by Sindh Governor Muhammed Kamran Khan Tessori, at a local hotel here, the President said that the business community could make Pakistan economically strong.

Alvi said that Pakistan had tremendous potential, which could be tapped by taking responsibility. He congratulated REAP for its journey from the exports of $300 million to $3 billion. 

He while suggesting REAP members said that they could move to joint-ventures and focus on value-added rice items. He said that ‘Briyani Festival’ was a good idea and it was a value addition. He also invited REAP to organize the festival in the President House.

Alvi said that the Rice research institutions should be revived to further grab the international market. He, on the demand of REAP, said that market-oriented institutions should be jointly established by the government and REAP. He said that woman must be employed in companies to empower them and play their role in the economy of the country. He said we had to impart education to our children to cope with the challenges being faced by the country.

On the occasion, he also condemned brutality in Gaza. Sindh Governor Mohammed Kamran Khan Tessori said that rice was the second best export of the country. He deplored that it had not been recognized as an industry so far. He said that the COAS was fighting economic terrorism along with terrorism. He said that the value of dollar had come down. Tessori said that law and order situation in the country would improve as the action against illegal immigrants had started in the country.