Pakistan’s biggest problem is corruption, country looted to make small money: PM


Pakistan, biggest, problem, corruption, country, looted, make, small, money, PM
21 Oct, 2019 5:42 pm

HUB (92 News) – Prime Minister Imran Khan has said that the country’s biggest problem is corruption and the country was looted to make small money.

Addressing the inaugural ceremony of the China Hub Power Generation Plant on Monday, he said that big foreign companies do not invest in Pakistan due to corruption.Allah Almighty had given the country everything, but the country is still under heavy debts. Thar has coal worth US$150 million which can give the country electricity for 100 years. We have requested to purchase coal from Thar for Hub Power Plant,” he said.

The prime minister said that the Chinese president and prime minister want to take the country to the advanced level. “The government will facilitate joint collaboration between Pakistani and Chinese businesses in various sectors,” he said.

PM Imran Khan said that the government was moving towards the second phase of China Pakistan Economic Corridor (CPEC) and had established the CPEC Authority to facilitate the projects under the program. “During my recent visit to China, the Chinese President and Prime Minister expressed interest to give momentum to CPEC projects,” he said.

He said that the productivity of Chinese companies is quite higher than their counterparts in Pakistan and the country would like to benefit from it. “We will introduce new techniques in the farming sector in collaboration with Chinese enterprises,” he said.

The prime minister congratulated the Hubco Chairman Habibullah Khan on the project and asked him to use more indigenous coal for power generation. He also asked him to work on water projects for Karachi.

He said that the government is committed to increasing ease of doing business in the country to attract foreign investment.

Imran Khan said that Balochistan is the province that is full of rich mineral deposits. “During my visit to the US, chairman of the company previously working on Rekodik project informed him that Pakistan has one of the largest and finest quality gold reserves in the world. They are still interested in working on the reserves as they believe that incumbent government of Pakistan is free of corruption,” he added.

The prime minister said that apart from mineral resources, the province of Balochistan is also blessed with huge fisheries resources and its development can help earn valuable foreign exchange.

Earlier in his address, Balochistan Chief Minister Jamal Kamal said that investment worth billions of dollars in the province will change the outlook of the province. “Balochistan will become a hub of investment in the coming days,” he said.

He said that Prime Minister Imran Khan is taking special interest in the progress of Balochistan. “It is an unexploited province and is the only place in Pakistan that can boost the economic frontiers of the country in the coming years,” he maintained.

Chinese ambassador Yao Jing, federal ministers and other senior officials were also present.


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