Govt now focusing on promotion of economic growth, PM Khan tells business leaders

Published March 5, 2019
Prime Minister Imran Khan says says the positive sentiment among the international community towards the economy needs to be capitalised. — Photo courtesy Radio Pakistan
Prime Minister Imran Khan says says the positive sentiment among the international community towards the economy needs to be capitalised. — Photo courtesy Radio Pakistan

Prime Minister Imran Khan on Monday said that after overcoming the "most difficult challenge" of stabilising the economy during the first six months of the Pakistan Tehreek-i-Insaf (PTI)-led government, the focus is now on the promotion of economic growth in the country.

In a meeting with a delegation of business community leaders and representatives, the premier said that with trade and investment being an important pillar of the government's foreign policy, there was a positive sentiment among the international community towards Pakistan's economy, which needed to be capitalised.

Finance Minister Asad Umar, Minister for Planning, Development and Reforms Khusro Bakhtiar, Minister for Power Omar Ayub Khan, Adviser to the Prime Minister on Commerce Abdul Razak Dawood, Adviser to the PM on Institutional Reforms Dr Ishrat Hussain and Board of Investment (BOI) Chairman Haroon Sharif were also present at the meeting.

The prime minister said the government is also working on a comprehensive plan to encourage non-tax payers and informal sectors to join the documented economy. In this regard, he invited the business community to give their input and recommendations.

The delegation included: Overseas Investors Chamber of Commerce and Industry (OICCI) President Shazia Syed, Pakistan Business Council Chairman Syed Yawar Ali, Pakistan Stock Exchange (PSX) Managing Director Richard Morin, PSX Chairman Suleman Mehdi, Karachi Chamber of Commerce and Industry President Junaid Ismail Makda, Lahore Chamber of Commerce and Industry President Almas Haider, All Pakistan Textile Mills Association (Aptma) Chairman Syed Ali Ahsan, Federation of Pakistan Chambers of Commerce and Industry President Daroo Khan Achakzai, Sialkot Chamber of Commerce and Industry President Khawaja Masood Akhtar and a representative of the Pakistan Bank Association.

The business community leaders expressed confidence in the policies of the government and the steps being taken to reduce the cost of doing business as well as improving the ease of doing business in the country.

The OICCI president also briefed the prime minister about plans to hold an international investment conference which would highlight Pakistan's economic potential in front of the global community.

Opinion

No Eid for Sachal
16 May 2021

No Eid for Sachal

All this pain has been inflicted on man by man. When reason fails, this is what man resorts to. Naked barbarity.
US exit: security implications
16 May 2021

US exit: security implications

All indications are that transnational terrorist groups are gearing up to increase their operations in the region.

Editorial

16 May 2021

Riyadh-Tehran thaw

SEVERAL official pronouncements over the last few days have confirmed that efforts are underway behind the scenes to...
16 May 2021

Ruthless evictions

FOR a state to deprive residents of their homes without providing for alternative housing for them is a dereliction...
16 May 2021

Wheat concerns

THE new official projections for provisional wheat output suggest that Punjab may harvest around 20.5m tonnes of...
Eid during Covid
Updated 13 May 2021

Eid during Covid

It is indisputable that our actions now will prevent matters from becoming far worse.
Updated 14 May 2021

Foreign policy gaffes

MIXED messages, retractions and clarifications from the government have become an all-too-common occurrence when it...
Zimbabwe series win
Updated 15 May 2021

Zimbabwe series win

For millions of Pakistani fans, it was a thrilling experience to see their team returning to its winning ways.