KARACHI: President Mamnoon Hussain has said that the targeted operation in Karachi will continue till the last terrorist is eliminated and peace is fully restored.

Speaking at the 3rd FPCCI Achievement Awards ceremony here on Thursday, he said Karachi was regaining its status of “city of lights” and the country was now moving in the right direction.

The process of economic prosperity and development has started and the entire nation must contribute in one way or another.

Take a look: Step up pace of Karachi operation, orders PM

He said economic stability had become the national agenda and all institutions were working for its execution.

As a result of the government strategy, he added, the State Bank had reduced the discount (policy) rate. Now private banks will extend more loans that will encourage investment in the country and exports will increase significantly, economy will grow and more jobs will be created.

Mr Hussain said this positive shift in the financial sector had provided a strong base for economic stability.

He regretted that in the past no serious efforts were made to overcome the energy crisis or deal with the menace of terrorism. He said the present government was trying to address the issue of energy shortages and expressed the hope that after two and a half years the country would come out of this situation.

Earlier, the president distributed the FPCCI achievement awards among the winners. The companies and individuals were acknowledged for their best services and performance in different sectors.

Published in Dawn, October 2nd, 2015

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