Economic crisis necessitates tough decision: PM

Business community assures full support to govt

APP October 15, 2018

ISLAMABAD: Prime Minister Imran Khan on Sunday held a meeting with leading businessmen and economic experts to discuss the prevailing economic situation in the country.

The meeting discussed in detail the current challenges and the way forward in steering the country out of the present situation and putting it on a sustainable growth trajectory with an aim to implement the Pakistan Tehreek-e-Insaf (PTI) government's reform and growth agenda.

The meeting was attended by Finance Minister Asad Umar, Adviser to PM Abdul Razzak Dawood, Hussain Dawood, Ali S Habib, Bashir Mohammad, Arif Habib, Mian Abdullah, Tariq Segal, Khurrum Mukhtar, Fawad Ahmed Mukhtar, Dr Salman Shah, Dr Ashfaque Hasan Khan and others, according to a statement from the PM Office.

The participants, while noting “the huge challenges inherited by the present government”, appreciated the measures taken by for stabilising the economy and restoring confidence of the business community.

During the meeting, the prime minister said the current situation had necessitated difficult economic decisions, but the government was trying its best to protect the poor and vulnerable.

The prime minister thanked the delegation for their valuable input and said the business community’s feedback would help the government remove bottlenecks in the way to attracting investment and ensuring growth of industry in the country.

The delegation appreciated the five million housing project of the present government, and said it would not only generate economic activity but would also help in jobs creation and growth of industries associated with the construction sector.

Discussing various issues confronting the economy, the participants the meeting presented proposals to strengthen local industries and provide them a level-playing field in order to make local products internationally competitive.

They assured the PM that the business community would provide its full support to the government towards implementing its reform agenda and overcoming the current economic challenges.

The meeting also discussed in detail various short, medium and long-term measures to promote vital sectors of the economy such as agriculture and industry on the one hand, and to plug the holes that were continuously draining the economy, on the other.

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