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Improving economic activity a priority: PM





Prime Minister Imran Khan said on Tuesday that the government was taking priority measures to improve economic activity in the country while focusing on increasing investment in the export industry to create employment opportunities. .

Presiding over a review meeting of “Prime Minister’s Priority Sectors”, Prime Minister Imran received a detailed briefing on the progress of Phase II of the China-Pakistan Economic Corridor (CPEC).

“All government institutions are working together to provide an enabling environment for investors,” Imran said. He added that the government was taking measures to speed up work on phase II of the CPEC.

The meeting was informed that the work on gas and electricity supply to the special economic zones (SEZs) of Rashakai, Dhabeji, Allama Iqbal and Bostan is in full swing. Electricity and gas were mainly available for building industries, while the rest of the electricity and gas required would be provided with the further development of industries, it was learned at the meeting.

In this regard, the “Plug and Play Model” had been proposed by the CPEC Authority, which was under development. Under this model, all investor requirements would be met through a one-stop shop to ensure rapid construction of industries in these regions, the prime minister was informed.

Read “Inflation tsunami”: opposition criticizes Prime Minister Imran for rising oil prices

At the same time, the Board of Investment (BOI) was working on a portal to provide investors with information related to building 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 development work. In addition, steps were being taken to increase investment in SEZs by identifying export industries.

In the agricultural sector, not only was work on corporate agriculture in full swing, but agreements were also made to increase the sector’s exports. The Prime Minister ordered the authorities concerned to complete all the formalities related to phase II of the CPEC within the allotted time.

The meeting brought together Federal Ministers Asad Umar, Hammad Azhar, Advisers Shaukat Tarin, Moeed Yousuf, Special Assistant Dr Shahbaz Gill, Chairman of the CPEC Authority Khalid Mansoor, Chairman of the Investment Council Azfar Ahsan and senior officials concerned.




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