Pakistan

PM Imran sets wealth creation as next target to overcome economic challenges

Imran Khan

The government’s next target is to increase exports and cut imports to save foreign exchange and create wealth that would bring prosperity to the country. 

On Monday, Prime Minister Imran Khan, while addressing the closing ceremony of a three-day ICEE (Interior, Construction, Electrical and Electronics) Expo, titled ‘Building Clean and Green Cities’, said that after the stability in the economy, government aims to increase exports and cut imports.

The expo was organised by the Rawalpindi Chamber of Conference and Industries (RCCI) in collaboration with the Naya Pakistan Housing and Development Authority (NAPHDA) here at the Pak-China Friendship Centre 

Read more: PM Imran set aside Rs 100 billion for startup loans to end unemployment

He further stressed the need for manufacturing all categories of the products at the local level so that people could rely on locally-made items instead of imported products. 

The prime minister said the government had taken steps to increase the country’s exports. “A country cannot progress till its current account deficit is overcome and its financial resources are not expanding. If wealth creation is not achieved, it can chock the country’s economy,” he added about what the next target of the government is going to be. 

The premier went on the say that the government was fully committed to promoting and facilitating different sectors of economy for the purpose of wealth creation to permanently overcome the financial challenges of the country. 

Moreover, on his vision for Naya Pakistan, Khan said “His first priority was to pull the people from poverty as about 25 per cent of the country’s population lived under the poverty line, whereas another chunk of some 25pc lived on the margins of this line.” 

The government, he said, would launch Kamyab Pakistan programme on Aug 9, under which the underprivileged families would be facilitated with technical education and extension of interest-free loans.

“One member from each poor family would get technical education, each family would get health card with one million worth of free of cost treatment facility; besides through micro-financing, they would be given interest-free loans for construction of homes.” he added.

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