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PM says govt committed to provide facilities to investors

ISLAMABAD: Prime Minister Imran Khan chairing a meeting of  government’s economic team here today stated that his government was committed to provide all out facilities to domestic as well as foreign investors.

He appreciated the performance of departments and officials in improvement of Pakistan’s ranking in Ease of Doing Business and termed it as a huge achievement for the country. PM Imran Khan expressed satisfaction that economic indicators are on positive trajectory with value of rupee stabilizing and stock market indicators moving upward.

The Prime Minister said continuous meetings were aimed at giving the impetus to the wheel of economy. He said now the mission of economic team should be on promotion of construction and small business sectors in order to generate employment opportunities and to run the economy on fast track. Imran Khan also directed to provide facilitation to overseas Pakistanis in their remittances.

Earlier, the State Bank of Pakistan briefed the meeting that 46,940 cases are pending in Banking Courts and for their disposal laws need amendments. The meeting was apprised that a Board of Directors comprising vibrant and expert persons was being constituted for SMEDA. The CEO of SMEDA will be appointed by December and a three year strategy will be approved.

A relevant piece published earlier: 

Corruption affects foreign investment: PM Imran Khan

BEIJING: Prime Minister Imran Khan says corruption affects the foreign investments and it halts the development of the country. 

Addressing Promotion of International Trade Council here today, PM Khan said that the Pakistan Tehreek-i-Insaf (PTI) government paved the path for foreign investors to come and invest in the country.

Lauding China’s efforts against corruption, Khan said that Beijing was role model for Islamabad as it eliminated the corruption and corrupts from every corner of the country.

“China arrested its 400 ministers over corruption and executed them. We should learn from the measures it was taking against dishonesty,” the premier said.

He further said that he was impressed with the actions China has taken to eradicate poverty.

“It was time to learn [from China] how they eradicated poverty. China is the fastest developing country in the world,” he added.

Talking about corruption in Pakistan, the premier said that it would take some time to completely eliminate corruption from the country as the incumbent government was being criticized over taking action against the dishonest.

“Pakistan’s investment is being affected due to corruption. Foreign investors are not willing to put their investment in the country because they know how corrupt the previous governments remained. However, it is our responsibility to lift the image of the country. It could only be done if we eliminate corruption and make efforts to bring foreign investors to Pakistan, Khan said.

News Pakistan

M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.