PM vows to ensure rapid economic recovery by mobilizing FDI, expanding domestic revenues

UNITED NATIONS,  :Caretaker Prime Minister Anwaar-ul-Haq Kakar on Friday said that the Pakistan government was committed to ensure rapid economic recovery by stabilizing foreign exchange reserves and currency; expanding domestic revenues, and mobilizing significant domestic and external investment in the country.

To that end, he said, “we have established a Special Investment Facilitation Council (SIFC) to expedite investment decisions”.

Addressing the United Nations General Assembly, the prime minister said some 28 projects had been identified in priority sectors, including agriculture, mining, energy and IT, for implementation in collaboration with Pakistan’s partners.

He said Pakistan’s long-term shift to geoeconomics was well underway. The second phase of the China-Pakistan Economic Corridor (CPEC) had also been initiated covering railway, infrastructure, and manufacturing projects.

“Pakistan also looks forward to the early implementation of the ‘connectivity’ projects with Central Asia,” he added.

He said Pakistan was situated in one of the least economically integrated regions in the world. “Pakistan believes that regions develop together, therefore, Pakistan desires peaceful and productive relations with all our neighbours, including India. Kashmir is the key to peace between Pakistan and India,” he added.