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Tuesday, October 23, 2018

‘Pakistan now safe country for investment’, Imran tells Saudi conference

Prime Minister Imran Khan

RIYADH: Prime Minister Imran Khan on Tuesday reiterated that his government would try its best to bring peace and stability in the region by improving ties with its neighbours.

The prime minister was speaking at a question-answer session of the Future Investment Initiative Conference in Riyadh.

Presenting his government’s agenda, Imran Khan said: “Whatever reforms we introduce today, the impact will be after two months or six months. We are talking to both IMF and friendly governments to get a loan.”

He said, “We have applied for IMF bailout package to get through tough period of next two to six months.”

Mr Khan said the PTI government inherited a huge burden of current account and fiscal deficits.  “We are working on different fronts to get out of this financial crunch.” 

The premier said that corruption is what makes the country poor as countries are not poor because they lack resources. “Corruption destroys state institutions and divert resources from human development,” he added.

Mr Khan said in Pakistan, there are numerous challenges, including how his government strengthens institutions to make it impossible for people to indulge in corrupt practices.

“The government is also endeavoring to reform our institutions to check the menace of corruption in mega development projects and white collar crimes.” “State institutions have been weakened owing to cronies put in key positions,” the premier explained.

He said Pakistan has around 100 million people living below the poverty line. “We have brought a very ambitious programme to build five million houses which will create an environment for investment, employment opportunities and provide houses to low-income people.”

About a question about China, the premier said: “Let me say two things about China. China is the only country in the world that brought its people out of poverty and held 450 corrupt ministers accountable.”

“We will get help from China. I am going to China next month. We have already asked China to help us out in these two areas. Besides, CPEC, which connects two countries, has brought big opportunities for Pakistan.”

Mr Khan said there are vast amount of minerals lying in Pakistan. “We have lots of areas of gas which has not been explored yet. Besides, Pakistan is a diverse country having vast tourist destinations.”

“We have broken all records of tourism in the recent past,” he added.

To a question about relations with neighbors, Mr Khan said: “Peace is not only important for Pakistan but also for India. Peace in Afghanistan is also critical for Pakistan. Currently anti-Pakistan campaign is ongoing in India owing to upcoming elections there. We would hold talks with the Indian government once elections are over.”

The post ‘Pakistan now safe country for investment’, Imran tells Saudi conference appeared first on ARYNEWS.



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