Clean governance, friendly policies bringing in huge investment to Pakistan: PM.

 
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HUB -- Prime Minister Imran Khan Monday said clean governance and business-friendly policies enforced by the incumbent government were attracting giant firms from across the world to invest in multiple sectors of Pakistan.

Addressing the inauguration ceremony of 1320 megawatt China Hub Power Generation Power Plant here, he said the red tape used to impede the foreign investment in the past; however the current government was making dedicated efforts to bring ease of doing business.

The ceremony was also attended by Federal Minister for Water Resources Faisal Vawda, Balochistan Chief Minister Jam Kamal Khan, Chinese Ambassador in Pakistan Yao Jing and senior officials of the Chinese contractor firm.

He said the inauguration of the power project was pleasing for it being the first one having been executed in partnership between Pakistani and Chinese firms.

He said his government desired to see such joint projects in future too and asked the local small and medium enterprises (SMEs) to collaborate with the Chinese firms interested to invest in Pakistan. He also assured that the government would fully assist and facilitate such an engagement.

Congratulating the firms for successfully executing the project, the prime minister suggested them to utilize at least 20 percent coal from Thar Coal to save the foreign reserves to help address a major issue of current account deficit confronting the national economy.

He said the government had inherited a record current account deficit, which had put the local currency under pressure causing inflation and other allied economic challenges.

The prime minister told the gathering that the government desired to promote power generation through indigenous resources as the country was rich in hydro power potential of around 50,000 MW.

He said huge resources of gas and coal also remained untapped, which otherwise could have saved huge foreign reserves currently used to import oil to fuel the power plants.

The prime minister also asked the contractor firm to expedite work on the desalination plant in Karachi to address the serious issue of drinking water in the city.

Referring to the immense potential of mining and investment in Balochistan, he asked the Balochistan chief minister to develop special economic zones in Lasbella to facilitate the Chinese...

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