MM News

ISLAMABAD: Prime Minister Imran Khan has said Pakistan is moving in the right direction with the policies aimed at bringing people out of poverty through wealth creation.

Speaking at the launching ceremony of new vehicles being introduced in Pakistan, the prime minister said the government will incentivize the business community and the industrial sector that will lead to increasing exports. He said the wealth creation through exports will be used for uplift of the living standard of the ordinary people in the country.

PM Imran Khan said the government will focus on industrial development during the current year that will have a positive impact on economic growth. He said the cement and textile sectors have recorded fast growth in recent months.

He regretted that no government tried to boost exports in the past 50 years forcing Pakistan to the International Monetary Fund (IMF)and creating a current account deficit as imports outweigh exports.

The prime minister said his two major public welfare objectives during the current year are ensuring universal health coverage through health card scheme and launching an initiative under Ehsaas Program to make sure that no one goes to bed hungry.

Describing the Chinese model of development as the most suitable model for Pakistan, the Prime Minister said Pakistan desires to learn from China in industrial development and agriculture. He said the government will make efforts for the relocation of the Chinese industries just like China relocated industries to Vietnam.

“If we can learn from any one country in the world, it is China. Their development model suits Pakistan the best. The speed with which China developed in the last 30 years is something we can learn from,” he said, adding that China had managed to prove that poverty alleviation is true development.

The prime minister said the previous government had ignored the agricultural sector. He said they are working with China on increasing productivity and using their technology and the next phase of CPEC includes the agricultural sector.

He said the government has dealt with the COVID-19 challenge in an effective manager. He said Pakistan is among the few countries which have been appreciated by the WHO for better handling the pandemic. He said the government followed the policy of saving lives as well as livelihood of people.

Prime Minister Imran Khan performed the ground-breaking of a $100 million dollars automobile manufacturing and assembly unit, that besides the regular models would also produce electric vehicles.

As investment from China, the MG Motors company will start local production in Pakistan by mid-2021 Motors and in the first phase will launch three SUVs, the MG-HS, MG-ZS 1.5 and MG ZS EV, a fully electric vehicle.