Tuesday, January 24, 2023
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PM Imran Khan says the government is taking urgent initiatives to boost economic activity

ISLAMABAD: Prime Minister Imran Khan said on Tuesday that the government was prioritising initiatives to boost economic activity in the nation, with a focus on raising investments in the export industry to create jobs.

While chairing a review meeting of the PM’s priority sectors in the capital, he noted that all government institutions were working together to create a favourable climate for investment.

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The meeting — also attended by Federal Ministers Asad Umar, Hamad Azhar, Advisers Shaukat Fayyaz Tarin, Moeed Yousuf, Special Assistant to PM Dr Shahbaz Gill, Chairman the China Pakistan Economic Corridor (CPEC) Khalid Mansoor, Chairman Board of Investment Azfar Ahsan and other senior officers — also reviewed the progress of Phase II of the CPEC.

The Pakistan Tekreek-e-Insaf (PTI) government was taking steps to speed up work on Phase II of the CPEC, the premier added.

Work on gas and electricity supply in Rashakai, Dhabeji, Allama Iqbal and Bostan Special Economic Zones (SEZs) was in full swing, the participants of the meeting were told.

Electricity and gas were mainly available for the construction of industries. The rest of the required electricity and gas would be supplied, with further industrial development.

In this regard, Plug and Play Model had been proposed by the CPEC Authority, which was being worked on. Under the model, the requirements of the investors would be met through one window operation to ensure the speedy construction of industries in these areas.

The Board of Investment (BOI) was working on a portal to provide investors with information related to the construction of industries, approvals from various institutions and other ancillary information, which would be launched soon.

The meeting was also informed that a comprehensive system had been launched to review the progress of projects under the CPEC and to expedite the development work.

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In addition, steps were being taken to increase investment in SEZs by identifying export industries. In the agriculture sector, not only work on corporate farming was in full swing, but also agreements were being made to increase the exports of the sector.

The prime minister directed authorities concerned to complete all the steps related to CPEC Phase II within the stipulated time.



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