Global Institutions Acknowledge Pakistan Going in the Right Direction; Says PM

global institutions

On Wednesday, the Prime Minister of Pakistan—Imran Khan said that the world institutions have acknowledged that Pakistan is headed in the right direction.

These global institutions include the Asian Development Bank, the World Bank and the International Monetary Fund.

He said while addressing a signing ceremony that was held at Islamabad between the Double-star China, Daewoo Pakistan and the MSD Tire and Rubber Company, that the World Bank has improved the ease of conducting business placing it on the 28th points.

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The PM welcomed that Chinese investment in the different sectors of Pakistan and added that they would be given an enabling environment.

While conversing about the economy of Pakistan, the premier said that it is now stable owing to the efforts of the incumbent government and added that the positive sentiment is also apparently visible in the stock market.

He also said that the present account deficit has been reduced and the rupee has also gained stability and added that Pakistan would achieve higher growth rate than the expected rate for the current financial year.

PM Khan promised to uplift the country economically by surging the exports and attracting the foreign investment. He said that this would not just reduce the import bill, but the export of tires would construct the country’s foreign exchange reserves. He added that many agreements have already been inked with China and the CPEC offers a platform for further boosting the economic ties with the two nations.

He concluded by saying that the next challenge of the government would be of offering job opportunities to the youth of the country.

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