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

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.

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.

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

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.