PM Imran Khan reveals the next target of the PTI government after stabilising the economy: Report
ISLAMABAD - Prime Minister Imran Khan has said that economy of the country is now stable and the next target of the government is to create job opportunities to the youth by bringing in the investment.
He expressed these views while addressing the Sino-Pakistan Tire Manufacturing Joint Venture's Signing Ceremony between Doublestar MSD Tire and Daewoo Pakistan Express Bus Service Ltd in Islamabad on Wednesday.
The prime minister said that the purpose of inking the agreement between Chinese and Pakistani companies is to initiate production of tires in Pakistan. “The initiative will not only help in reducing import bills but it will also increase foreign exchange reserves," Imran Khan added.
Prime Minister of Pakistan Imran Khan at the Sino-Pakistan Tire Manufacturing Joint Venture's Signing Ceremony between M/s Doublestar MSD Tire & Daewoo Pakistan Express Bus Service Ltd in Islamabad (13.11.19) @ImranKhanPTI link [image: Embedded video] link link
He maintained that Pakistan will continue to support Chinese investment in the country by providing foreign investors an enabling environment.
The PM pointed out that China-Pakistan Economic Corridor is a game changer for the region which helps bolster economic partnership between the two countries.
He said the government is committed to stabilize and boost the economy of the country by attracting foreign investment.
Imran Khan highlighted that Pakistan's economy has stabilized due to the efforts of its economic team while the current account deficit has been curtailed. “I congratulate my economic team for stabilising the rupee. We are not spending our foreign exchange in order to artificially stabilise the rupee. It is now being valued at its market rate and over the past three months, it has gained value.
“The strengthening of Pakistani currency reflects positive sentiments in the stock market."
He said that Pakistan will achieve a higher growth rate as compared to the target set for the current fiscal year.
The PM said that International Monetary Fund, World Bank and Asian Development Bank have appreciated the improvement in country's economy, saying Pakistan is moving in the right direction. He pointed out that Pakistan had climbed 28 points on the World Bank's ease of doing business index.
“This is a now a daily struggle for my office, Board of Investment and Ministry of Commerce that we increase our exports and bring in investors in order to improve our country."
The prime minister said that the government was focusing on the development of the construction sector and was also making efforts to facilitate foreign investors.