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PM Imran Khan claims he has ‘stabilised the economy’ of Pakistan

PM Imran Khan claims he has ‘stabilised the economy’ of Pakistan

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On Wednesday, Prime Minister Imran Khan mentioned in a speech that his economic team had ‘stabilised the economy’ and the government was now going to shift it’s focus to creating more job opportunities and facilitating investors.

At speech given during the Sino-Pak Tire Manufacturing Joint Venture Signing Ceremony, the Prime Minister stated that the ‘next challenge’ was to provide people with more jobs by getting more investors interested in Pakistan.

He added that the government was now focusing on the development of the construction industry and facilitating more foreign investors as according to him, as investments increase ‘people will get jobs and we believe our economy’s growth will be higher than predicted’.

He emphasised that Pakistan has already risen 28 spots in the World Bank’s ease of doing business index and promised that this was now a ‘daily struggle’ for the Board of Investment and Ministry of Commerce to increase exports thereby bringing investment to Pakistan.

The PM also pointed out that a major stride would be the recent manufacturing of tyres in Pakistan as they were previously being smuggled into the country.

He also added that relations between China and Pakistan were ‘better than ever’ and that China was now taking an interest in engaging in joint ventures with Pakistan which is going to make it easier for Chinese companies to enter the Pakistani market.

Right before the speech, the Pakistan Stock Exchange closed on a positive note at 400 points. Imran Khan further emphasised that the IMF had also endorsed Pakistan’s economic progress.

In a meeting with the government last week, the IMF delegation acknowledged that Pakistan had met all it’s economic goals for September.

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