PM aide sees economy taking off

Razak Dawood terms Pakistan best place for foreign investment

APP May 29, 2019
Abdul Razak Dawood. PHOTO: FILE

ISLAMABAD: Pakistan’s economy will rise up in the next few months due to prudent policies of the present government, said Adviser to Prime Minister on Commerce Abdul Razak Dawood.

Talking to a private news channel, he suggested the concerned quarters to initiate concrete measures to halt de-industrialisation in the country.

“Pakistan is the best place for foreign investment as it possesses immense potential and conducive environment,” the adviser remarked.

Keeping in view the situation of exports and the economy, he pointed out that the present government inherited a bleak economy due to weak policies of the previous governments.

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He maintained that Pakistan received foreign investment in energy sector only and that was made during the tenure of the previous government.

He further stressed the need to improve the export sector.

Dawood observed that there was 13% increase in the foreign investment adding that the figure would go up in the days to come.

To a question regarding approaching the International Monitoring Fund (IMF), he said that the step for seeking help from IMF should have been taken a few months earlier.

Published in The Express Tribune, May 29th, 2019.

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