Pakistan

Govt's economic turnaround, success of construction policy showing results: PM Imran

Premier says other cities can also achieve economic growth through 'commitment, transparency and innovation'

News Desk June 04, 2021

Prime Minister Imran Khan said on Friday that the government's economic turnaround and success of its construction policy are showing results in various sectors.

Giving an example of the "near-bankrupt CDA" (Capital Development Authority), the premier said the authority had posted a deficit of Rs5.8bn in 2017, but now will close the current financial year with a Rs73bn surplus and with Rs26bn already in its accounts.

Our economic turnaround & success of our construction policy showing results in diff sectors. Pak is changing. A near-bankrupt CDA, which posted a deficit of Rs 5.8 bn in 2017, will close this financial yr with Rs73 bn surplus & Rs 26 bn already in accounts. Well done team CDA.
— Imran Khan (@ImranKhanPTI) June 4, 2021

He also praised the CDA.

The prime minister said that with stability achieved, it was time to increase the pace of transformation of Islamabad into a "model city" with a priority on reform and restructuring.

With financial stability achieved, it's time to accelerate transformation of Islamabad into a model city with priority being on reform & restructuring. Other mega cities can also become self-sustaining economic engines of growth through commitment, transparency & innovation.
— Imran Khan (@ImranKhanPTI) June 4, 2021

Imran added that other mega-cities could also become self-sustaining and achieve economic growth through "commitment, transparency and innovation".

CDA's transformation: pic.twitter.com/WtEBqrHsgA
— Imran Khan (@ImranKhanPTI) June 4, 2021

The premier earlier had said that the country will go further up in economic terms next time the Pakistan Tehreek-e-Insaf government is elected.

“I have good news to share with you that Pakistan is coming out of economic hardships as the GDP growth rate is estimated at around 4% for the current fiscal year (2020-21) and has been made public,” Premier Imran had said.