Pakistan economy has turned around: PM

Premier says global institutions acknowledge economic progress


APP January 18, 2017
Prime Minister Nawaz Sharif gestures at supporters. PHOTO: AFP

BAD RAGAZ, SWITZERLAND: Prime Minister Nawaz Sharif said on Tuesday that he had come to the World Economic Forum to share the ‘remarkable economic turnaround’ of Pakistan – a country which only a few years back was on the verge of an economic collapse – and the global financial community was acknowledging this positive change.

In a brief chat with reporters at his hotel soon after his arrival from Zurich, Sharif said Pakistan’s economic indicators were very positive and were improving with each passing day.

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The prime minister, who is in Switzerland for the annual meeting of WEF, said the country's economic development was moving ahead at a rapid pace and was being acknowledged by the international media and global financial institutions.



Sharif has a hectic schedule ahead with several meetings lined up with heads of the top ranking companies and financial institutions in the next few days where he will apprise them of the investment opportunities and bright prospects for large international brands.

There has been a renewed interest by foreign investors in Pakistan following the positive ratings by global financial organisations.

Sharif said international agencies were giving very encouraging signals about Pakistan's economy and lots of foreign investment was pouring into the country. “Inflation is at the lowest ebb while GDP is on the rise,” he added.

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He said revenue collection had improved a lot while rapid progress was being made on the China-Pakistan Economic Corridor (CPEC). CPEC is a ‘game changer’ not only for Pakistan but also for the entire region.

He said work on CPEC was under way in all regions of the country and the people of Pakistan were the real beneficiaries of this multibillion-dollar project. “No matter whether a person is in Balochistan, Khyber Pakhtunkhwa, Sindh, Punjab, AJK or Gilgit-Baltistan, he will benefit equally, and the country will witness a development boom across its length and breadth.”

Published in The Express Tribune, January 18th, 2017.

 

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