Money laundering to be stopped, don’t worry about hike in dollar: PM

30 Nov, 2018 5:15 pm

ISLAMABAD (92 News) – Prime Minister Imran Khan on Friday said that rupee depreciation and increase in dollar value should not be panicking for anyone, assuring the money laundering in the country will be utterly stooped.

Addressing inaugural ceremony of Chinese automobile JW Forland manufacturing plant, PM Khan said foreign investors will be provided all out facilities to do business in Pakistan, transfer technology and create job opportunities.

The prime minister said that the investment would take dollar in the country and the rupee depreciation would be decreased. “If the overseas Pakistani will send money in Pakistan through legal way, the country will get $10 billion benefit. The country is facing the biggest problem as budget deficit,” he termed.

He said the government has focused on encouraging investment, increasing exports, incentivizing overseas Pakistanis for sending remittances, and checking money laundering.

Imran Khan mentioned that foreign investment not only creates jobs in the country but also brings the valuable foreign exchange. He also said that the situation in Pakistan won’t change until we continue to import goods and not export goods.

Imran Khan said that instead of seeking loan, “We demanded technology from the Chinese government,” adding that the country progress when technologies transferred.

“For the first time in the history of Pakistan, a card manufacturing plant is being set up,” PM Khan said and added China is investing US$900 million in the project. “The investment would create jobs in Pakistan,” he added.

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