LAHORE – Prime Minister Imran Khan on Saturday said only foreign investmentcould steer the country out of prevailing economic crisis and thegovernment was trying its utmost to facilitate investors by taking stepsfor ease of doing business.
He was addressing the inaugural ceremony of JW Forland Production FacilityPark Phase-I at Raiwind.
Punjab Governor Chaudhry Muhammad Sarwar, Chief Minister Sardar UsmanBuzdar, Special Assistant to the Prime Minister on Information andBroadcasting Minister Dr Firdous Ashiq Awan, PM’s Spokesperson Nadeem AfzalChan, Punjab Industries Minister Mian Aslam Iqbal, JW Forland PresidentJaved Afridi and Chief Executive Officer (CEO) of Ruba SEZ Group ShahFaisal Afridi were also present.
Earlier, the prime minister also inaugurated Haier Pakistan Industrial ParkPhase-II.The prime minister said the Chinese investment like the Forland Park wouldhelp Pakistan overcome the economic crisis and also prove to be a source ofwealth creation.
More wealth, he said, helped generate more taxes for the government, thusenabling it to bring maximum facilities and opportunities for the people ofPakistan.
The investment, he cited, also created ample employment opportunities,which subsequently improved the living standard of common man, and in thatway, a country developed and progressed.
Imran Khan said with the completion of all three phases of JW Forland, forthe first time Pakistan would be manufacturing vehicles completely witheach and every part made locally. Earlier, the vehicles were used to beassembled in the country only, he added.
Read Top Stories
The prime minister lauded the company’s plan of manufacturing the electriccar, which, he said, would help reduce pollution, particularly in thecities like Lahore.
He congratulating the management of JW Forland that their venture wouldcreate 40,000 jobs and generate Rs 30 billion annual taxes for thegovernment. The company in future would also be in position to export itsproducts to bring in foreign exchange, he added.
The prime minister said through the Board of Investment, the government wasmaking all-out efforts to remove impediments to businesses and facilitatethe investors. He said so far investors had been facing hurdles likered-tapism, bribery and corruption, which forced them to move to otherdestinations like Dubai.He said effective measures were also being put in place to ensureone-window facility for Special Economic Zones (SEZs).
Earlier, presenting an overview of the project, Javed Afridi said the JWForland project would prove to be a milestone in the auto industry ofPakistan.
