ISLAMABAD: Prime Minister Imran Khan Monday said the Pakistan Tehreek-e-Insaf’s (PTI) government had successfully set the future direction for the accomplishment of its economic and administrative policies under its 100 days agenda and its effects would be felt by the countrymen soon.
The prime minister assured the nation that the economic indicators of the country would flourish in the coming days, strengthening the rupee against US dollar, with diverse investment by the foreign investors.
During an interaction with a number of senior anchorpersons from different news channels, he maintained that plummeting of Pak rupee against US dollar was a temporary phase and adjustment done by the State Bank of Pakistan, which would be over soon. There would be no shortage in the flow of dollars in shape of foreign investment soon.
The reason could be attributed to demand and supply of the dollar and the public speculations in the market which added to the rupee’s depreciation, he added.
He said the government was making efforts to make the institutions autonomous, so that they could take their decisions strictly in accordance with laws and referred to the step taken by the SBP. He said the government wanted that the institutions should be autonomous to deliver on their targets.
The step was also taken to secure the foreign exchange reserves of the country and control the fiscal deficit, whereas, the previous government invested 7 billion dollars to artificially keep the price of rupee afloat, he added.
The prime minister said the PTI government had inherited mutli-dimensional challenges left behind by the previous regimes, including massive fiscal deficit of 19 billion dollars.
He said due to the PTI government’s efforts for the economic turnaround, the increase in the exports and remittances through legal channels was being witnessed.
The foreign companies were eyeing huge investment in diverse fields, he said, referring to the investment of Exxon Mobil, Pepsi and Coca colas, besides upcoming Chinese investment.
The prime minister said China had attracted investment by creating export zones and the PTI government was emulating the same model in Pakistan.
He said the government was also tightening the noose around money launderers with strict laws as reportedly the money laundering volume from the country amounted to 10 billion dollars per annum.