ISLAMABAD (92 News) – Prime Minister (PM) Imran Khan said on Wednesday that the country’s economy has been stabilized and the current account deficit has been curtailed by the incumbent government.
The prime minister stated while addressing a tripartite signing ceremony between MSD Tire and Rubber Company, Doublestar China and Dawood Pakistan Express Bus Service Limited.
He said that the country’s economy has been stabilized as a result of measures taken by the incumbent government. “The current account deficit has been curtailed and the rupee has also stabilized. The positive sentiments are now also visible in the stock market,” he added.
Imran Khan welcomes Chinese investment
PM Khan said this agreement signed today between Pakistani and Chinese companies is aimed at local production of tires. He said this will not only help us reduce the import bill but export of tires will build up our foreign exchange reserves.
Imran Khan welcomed the Chinese investment in different sectors and said Pakistan will encourage more Chinese investment by providing them an enabling environment.
He said several agreements have already been signed with China and the CPEC provides the platform to further bolster the economic partnership between the two countries.
PM vows to economically uplift country
The prime minister has vowed to economically uplift
the country by bolstering exports and attracting the foreign investment. He was confident that Pakistan will achieve higher growth rate than the one projected for the current fiscal year.
“We are giving incentives to the construction to uplift this important sector of the economy. We are also extending facilities to the investors,” the premier explained.
IMF, ADB & WB hails Pakistani economic direction
The premier said world institutions including the IMF, the Asian Development Bank and the World Bank have also endorsed that the country is heading in the right direction. He said the World Bank has improved our ease of doing business ranking by twenty eight points.
Next challenge to provide job opportunities to youth
“Our next challenge is to provide job opportunities to the youth by bringing in the investment. For this, we will fully facilitate the investors,” PM Khan stressed.