Focus on increasing investment in export industry: PM

Focus on increasing investment in export industry: PM

ISLAMABAD: Prime Minister Imran Khan on Tuesday said that the government has focused on increasing investment in the export industry to create employment opportunities.

The prime minister chaired a review meeting of PM’s Priority Sectors which was held in Islamabad.

The prime minister said that the government is taking steps on a priority basis to increase economic activity in the country and is focused on increasing investments in the export industry for creating employment opportunities.

All government institutions are working together to provide a conducive environment for investors. The government is taking steps to speed up work on Phase II of CPEC.

The meeting was given a detailed briefing on the progress of Phase II of the China-Pakistan Economic Corridor (CPEC). The meeting was informed that work on gas and electricity supply in Rashakai, Dhabeji, Allama Iqbal, and Bostan Special Economic Zones (SEZs) is in full swing.

Electricity and gas are mainly available for the construction of industries, while the rest of the required electricity and gas will be supplied with further development of industries.

In this regard, Plug and Play Model have been proposed by CPEC Authority, which is being worked on.

Under the model, all the requirements of the investors will be met through one window operation to ensure the speedy construction of industries in these areas.

At the same time, the Board of Investment is working on a portal to provide investors with information related to the construction of industries, approvals from various institutions, and other ancillary information, which will be launched soon.

The meeting was also informed that a comprehensive system has been launched to review the progress of projects under CPEC and to expedite the development work.

In addition, steps are being taken to increase investment in SEZs by identifying export industries. In the agriculture sector, not only work on corporate farming is in full swing, but also agreements are being made to increase the exports of the sector.

The Prime Minister directed to complete all the steps related to CPEC Phase II within the stipulated time. The meeting was attended by Federal Ministers Asad Umar, Hamad Azhar, Advisors Shaukat Fayyaz Tareen, Moeed Yousuf, Special Assistant Dr Shahbaz Gill, Chairman CPEC Khalid Mansoor, Chairman Board of Investment Azfar Ahsan, and relevant senior officers.

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