PM pushes industrialists to invest freely, assuring govt’s full backing, facilitation

November 18, 2020: Prime Minister Imran Khan Wednesday urged the businessmen and exporters to invest freely in the country with no worry for any policy shift or bottlenecks as the government was fully focused at reviving industrialization through maximum facilitation.

 “Invest more on exports without worry. The government will resolve all of your issues. You should not be afraid of any policy shift to affect your investment. Our job is your facilitation, which will lead to creation of wealth and jobs,” the prime minister said while addressing here a gathering of exporters and industrialists.

Minister for Industries and Production Hammad Azhar, Planning Minister Asad Umar, Punjab Governor Chaudhry Sarwar and Chief Minister Usman Buzdar also attended the ceremony, besides a limited number of businessmen, exporters and industrialists owing to anti-COIVD19 precautions.

The prime minister said it was pleasing that the industries and power looms were running at full capacity which even created shortage of textile labour. He asked the Punjab government to promote skill training of the youth to enhance value-added textile workforce.

He said if Faisalabad, once known as Pakistan’s Manchester, kept up its current pace of industrial development, it would even leave Manchester behind.

The prime minister recalled that the Pakistan Tehreek-e-Insaf government inherited a record debt burden, $20 billion current account deficit, $40 billion trade deficit, devalued currency, and the reserves at the lowest ebb.

The country was even short of money to make international payments but the government successfully passed through the difficult phase courtesy the timely support by the friendly states saving it from default, he added.

The prime minister said since 1960s, Pakistan’s industrial model institutions like hospitals and universities used to be idolized but it took a downturn following the then government’s policy of nationalization.

Instead of introducing nationalization, the government should have done legislation to channelize into the national economy the money which had been accumulated within few families, he added.

 APP