Pakistan in jumping mode, ready to get socioeconomic boost: President


ISLAMABAD, Mar 14 (APP):President Dr Arif Alvi on Thursday said with various policy initiatives taken by the present government, including the ease of doing business to attract local and foreign investment, Pakistan was now in the jumping mode and ready to get socio-economic boost.
He was speaking at a dinner hosted here in the honour of delegates of the third edition of two-day “Leaders in Islamabad Business Summit”.
Besides over 1000 entrepreneurs from Pakistan, the Business Summit was also attended by 60 foreign delegates from 25 countries.
The President mentioned the geostrategic importance of the country, which provided land route to the Central Asian states, and invited the foreign investors to benefit from the business-friendly environment and policies of Pakistan.
He said the projects being completed under the China Pakistan Economic Corridor (CPEC), including the development of deep sea Gwadar Port and the establishment of special economic zones, would also benefit the local and foreign investors.
The President said Pakistan, which had been up against terrorism and extremism in the past, had now achieved peaceful environment.
He said the handling of recent episode in the region by the Pakistani leadership had also sent a clear message to the world that the country wanted peace and was committed to peace.
Referring to the government’s economic policies, the President said those businessmen including from the textile sector, who had reservations about the government’s policies few months back, were now appreciative of its business-friendly initiatives.
He said it was a good omen that the businessmen and industrialists were optimistic about the growth of their businesses over the next three to four years due to the government policies.
The President said the present government after coming into power took bold steps to address the economic issues, which were evident from the growing foreign exchange reserves, increasing exports and decreasing imports.
He said along with the recognition of anti-corruption measures by the present government, Pakistan had also improved its international ranking in terms of ease of doing business.
The President said Pakistan desired peace in the neighbouring countries, including Afghanistan, which, he believed, would pass through the process of rebuilding in the coming years, providing opportunity to investors.
He said Pakistan had hosted 3.5 million Afghan refugees and was still hosting 2.5 million of them, which depicted the high standards of the morality of Pakistani nation as against some countries in the West which used to put limits on the number of refugees they could host.
The President also spoke about the importance of education, particularly the acquisition of modern technical and computer education to cope with the digital era and called for enhanced communication between the universities and industries to achieve required results.