Pakistan

Industrialization, exports key to economic growth: PM Imran

Industrialization exports

In order to make Pakistan economically strong and self-reliant, fast Industrialization and heavy exports were a must part, said PM Imran Khan.

On Monday, Prime Minister Imran Khan said that rapid export and industrial growth would make Pakistan strong. He claimed that inflation was coming down and there was a need to counter opposition’s “propaganda” of extraordinary price hikes in the country.

The premier further said that all the provincial chief secretaries should take active steps for the availability of urea by putting a check on its illegal transportation to neighbouring countries, especially Afghanistan.

Moroeevr, China, Pakistan’s 70 years old friend was ready to help Pakistan in every situation to improve the latter’s economy. “But our problem is that we are still not ready for it,” he added.

Read more: Strategy is to promote industrialization, create wealth, jobs, says PM Imran

Prime Minister Khan expressed these remarks in separate meetings and events. Addressing a launching ceremony of Pakistan China Business Investment Forum, he said: “By exports of only onion and vegetables, we cannot progress as Industrialization is must to improve the economy. Wealth creation of a country is impossible without industrial development while increasing exports supplement such efforts.”

Prime Minister also said that the present government had given incentives to the IT sector and its exports had been doubled only within two years. Referring to China and Turkey, the prime minister mentioned that they made steps by enhancing their industrial and exports capabilities.

“The government took steps to stabilise the country’s economy, but unfortunately Covid 19 pandemic had hit the entire world,” he said.

He also proclaimed the efforts of the National Command and Operation Centre (NCOC) to contain the coronavirus. “Pakistan coped with the pandemic, while our neighbouring countries including India and Iran were badly affected by the virus.”

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