Pakistan moving towards economic stability, says PM Imran Khan

• PM Imran Khan says investment is the most important factor in sustaining economic stability.
• Directs ministers to take measures for the promotion of investment and ensure the timely realisation of set targets.
• BOI chief briefs PM over measures taken to remove hurdles in way of trade and investment.

ISLAMABAD: Prime Minister Imran Khan said on Thursday that the country is heading towards economic stability and called for ensuring ease of doing business for investors.

“As the country at the moment is moving towards economic stability, investment is the most important factor in sustaining this stability and achieving rapid economic growth,” he said while presiding over a meeting regarding the removal of hurdles in the way of business and investment.

PM Khan also directed all federal ministries and provincial governments to take measures for the promotion of investment and ensure the timely realisation of set targets.

Adviser to the PM Dr Moeed Yusuf, Special Assistant to PM Dr Shehbaz Gill, secretaries of the relevant ministries, National Electric Power Regulatory Authority (NEPRA) chairperson and senior officers were present in the meeting, which was also attended by the chief secretaries of four provinces through video-link.

The Board of Investment (BOI) secretary briefed the meeting about the measures taken to remove hurdles in the way of trade and investment.

The meeting was told that the measures included amendments to laws, ease in the tax collection system, making a system of getting no-objection certificates (NOCs) from other departments easily and changes in unnecessary and old procedures.

Meanwhile, the prime minister held a meeting with a delegation of foreign investors and said the government’s pro-investor policies had led to the revival of investors’ confidence.

The prime minister said enhanced investment in multiple sectors also led to the creation of job opportunities and economic development.

The delegation told the prime minister that work on their new beverage plant in Khyber Pakhtunkhwa would start to generate numerous jobs, revenue and opportunities for allied industries soon. 

Minister for Industries Makhdoom Khusro Bakhtiar, Adviser to the PM Abdul Razzak Dawood and Turkish Ambassador in Pakistan İhsan Mustafa Yurdakul attended the meeting.