Foreign investment to boost economy, generate employment: PM

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Prime Minister Nawaz Sharif Monday said foreign investment will provide the much-needed boost to Pakistan’s economy and generate employment opportunities.

Attending a presentation on mega infrastructure development projects including Gawadar Port, railways and energy projects, the prime minister said the government has prioritised mega projects to put the country’s economy on the right track.

He said timeline for the prioritised projects will be followed and directed officials to complete them on time.

The prime minister said Pakistan has a growing strategic relationship with China and Pakistan welcomes innovative ideas in all fields. He said investments in ports, railways and energy sector will not only provide necessary impetus to the economy but also generate employment opportunities. He said Pakistan has always welcomed Chinese investment which has been a source of further strengthening ties between the two countries. He directed that investors be provided all possible assistance.

Earlierm the prime minister was briefed on the projects and was informed that various Chinese companies have invested in these sectors of economy while others have shown interest.

The meeting was attended by Minister of Water and Power Khawaja Asif, Minister for Planning Ahsan Iqbal, Punjab Chief Minister Shahbaz Sharif, Special Assistant to PM Tariq Fatmi and other senior government officials.