Govt keen on creating a beneficial and encouraging environment for investors: PM Khan

October 23, 2018 (MLN): Prime Minister Imran Khan has affirmed that one of the main agenda that this 60 days old government is prioritizing at the moment, is to create a safe and appealing investment horizon in Pakistan

At the Future Investment Initiative (FII) conference that took place in Riyadh today, Khan addressed a press conference on Pakistan’s economical state.

When asked about how he intends to fill the financial gap prevailing in the economy, Khan explained that the measures taken by the government will take up to 3 to 6 months to take shape and have a proper impact.

Until then, the country will need to borrow from friendly allies and the International Monetary Fund (IMF). He said that currently, Pakistan is in talks with the Fund as well as various countries for financial assistance.

Apart from this, he added that he plans to uplift remittance from banking channels and to enhance exports to narrow down the current account deficit.

In addition to that, he said that his government is working on creating an encouraging environment to overseas Pakistani investors, foreign investors as well as domestic investors.

As he took pride in the resources Pakistan is endowed with, Imran Khan informed the audience at large that the country is enriched with minerals, copper, unexplored gas, metal reserves and vast tourism opportunities.

In response to a question, he told that he is currently in talks with Saudi Arabia to promote business ties between the two economies. He said that Saudi businessmen will visit Pakistan soon. .

On the energy front, he reassured that discussions with Saudi investors to install an oil refinery in Pakistan, are underway.

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