Prime Minister makes boosting economic activity a priority
PM makes boosting economic activity a priority. Imran Khan said that the government was prioritizing initiatives to boost economic activity in the country, with an emphasis on raising investment in the export sector to spur job creation.
Prime Minister Imran received a thorough briefing on the status of Phase II of the China-Pakistan Economic Corridor while chairing a review meeting of the ‘Prime Minister’s Priority Sectors’ (CPEC).
“All government entities are cooperating to create an investment-friendly climate,” Imran stated. He noted that the government was taking initiatives to expedite the CPEC Phase II construction.
The meeting was informed that work on the delivery of gas and electricity to the Rashakai, Dhabeji, Allama Iqbal, and Bostan Special Economic Zones (SEZs) was proceeding apace. Power and gas were mostly available for industrial building, while the remainder of the required electricity and gas would be used for industrial development, the meeting heard.
The CPEC Authority had recommended a ‘Plug and Play Model’, which was currently being worked on. Under the concept, the prime minister was informed that all investor requirements will be addressed through a single point of contact, ensuring the rapid development of industries in these locations.
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Simultaneously, the Board of Investment (BOI) was developing a portal that would soon be published to offer investors information about the building of industries, approvals from various institutions, and other ancillary information.
Additionally, the gathering was informed that a comprehensive system had been established to monitor the progress of CPEC projects and to expedite development activities. Additionally, attempts were being conducted to attract investment to SEZs through the identification of export-oriented sectors.
Not only was corporate farming in full swing in the agriculture sector, but agreements were being struck to expand the sector’s exports. The PM directed the relevant agencies to fulfil all processes associated with CPEC Phase II within the specified timeframe.
Federal Ministers Asad Umar and Hammad Azhar, advisers Shaukat Tarin and Moeed Yousuf, Special Assistant Dr. Shahbaz Gill, Chairman of the CPEC Authority Khalid Mansoor, Chairman of the Board of Investment Azfar Ahsan, and other key officials attended the meeting.
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