ISLAMABAD – PM Imran Khan has said the major issue confronting the countrywas current account deficit that had swelled from $2.5 billion in 2013 to$18.5 billion in 2018.
He said there was nothing to worry about in rupee devaluation as theinvestment coming to Pakistan would address the problem.
The prime minister said this project would further bring in the revenue byexporting their products.
He said for the first time, the government had sought technology transferfrom China and the installation of car manufacturing plant was the transferof the very technology.
He said so far Pakistan had been purchasing the commodities from abroad farmore that its exports that had created current account deficit besidesclosing down the local industry.
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He said during his Malaysian visit, the government also invited investmentfor Pakistan citing huge potential in the country.
He told the gathering that the government had eased sending remittances foroverseas Pakistanis and also resolved to curb illegal means of moneytransfer. He said currently $10 billion were being laundered annually fromPakistan.
