Economic team overcomes economy challenges with great difficulty: PM
ISLAMABAD (92 News) – Prime Minister (PM) Imran Khan on Friday termed that first year of his government was very tough and thanked his economic team who overcome the economic challenges with great difficulty.
He said while addressing a signing ceremony of Super-6 310-MW Wind Power Projects. The prime minister said rupee is gaining, stock market is showing positive sentiments, and exports are increasing.
PM Khan also mentioned that the country’s economy has stabilized with the efforts by the current economic team and all economic indicators moving on the positive trajectory. He said the government’s policies are aimed at uplifting the poor segment of the society by creating maximum employment opportunities for people.
“We now have to take the country forward. I have visited China thrice and its progress is unprecedented,” Imran Khan said. “China’s growth is a result of long-term planning whereas Pakistan suffered due to short-term planning. China pulled 70 crore people out of poverty line which is a miracle.” he added.
“Pakistan has been trapped in flawed projects of power generation and is producing the most expensive electricity in South Asia,” the premier explained. “Now the electricity will be produced through hydroelectricity. Previously, costly electricity was produced through imported fuel,” he added.
The prime minister said the Super 6 wind power projects will provide affordable and environment friendly clean energy to the country. “Investment on these wind power projects will amount to US 450 million dollars. Out of this, 320 million dollars is being arranged by International Finance Corporation, World Bank Group,” he maintained.
Earlier, PM Khan said 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.