PM says govt's next target is economic growth.

Byline: Hassan Sheerazi

KARACHI -- While expressing the government resolve to focus on the promotion of investment, Prime Minister Imran Khan has announced that 2020 will be the year of growth for Pakistan as the business community has an important role in the country's progress.

Speaking at the Pakistan Stock Exchange Top 25 Companies Awards ceremony here on Friday, the premier said that after attaining economic stability the next target would be to increase the growth rate by providing facilities to small- and medium-size businesses.

Another focus of his government was the promotion of tourism industry, he said, adding that a US-based magazine had listed Pakistan as one of the world's top travel destinations. He said the rapidly growing tourism industry would bring foreign exchange with influx of tourists.

'Local tourism in the country has increased so much that tourists cannot even find a hotel to stay sometimes. We need to focus and plan on boosting this sector in the upcoming years. Nine million Pakistanis living abroad now want to come to their homeland for tourism during the vacation.

Imran claims economic stability has been achieved

'We can also counter Islamophobia through tourism,' the PM observed.

Referring to his concept of the state of Madina, Mr Khan said it had been established on the golden principle of humanity and justice. In the modern world, he said, the nations attained prosperity by practising this principle. 'We can also attain prominent stature in the world by following the principle of justice and humanity.'

He said Pakistan was founded on the basis of the same principles on which the state of Madina had been established. By following these principles, the business community could also play an important role to put the country on road to progress, he added.

The prime minister claimed that his party came to power in extremely difficult circumstances but the PTI government had overcome many obstacles over the past one year.

PM Khan said he would keep reminding the people about previous governments because he did not get a stable economy and the government was trying its best to overcome economic problems.

He praised the efforts of his adviser on finance and revenue Dr Abdul Hafeez Shaikh to revive the economy. 'A crucial problem was that the current account was in deficit, foreign exchange reserves had...