CPEC has immense significance: President Mamnoon

KARACHI, July 22 (APP): President Mamnoon Hussain on Friday said the China-Pakistan Economic Corridor (CPEC) has immense  significance and every effort was being made for its timely  completion.

He was speaking at the 8th export trophy ceremony of the Rice Exporters Association here at the Governor House.

President Mamnoon Hussain pointed out that there has been a significant improvement in the law and order situation in the country in the wake of operation Zarb-i-Azb and that action against terrorists would continue till complete restoration of peace.

He was of the view that comprehensive endeavours were required to overcome problems like terrorism and lawlessness as the administrative steps and use of force would not be suffice.

The improvement in the country’s economy, provision of employment opportunities and justice as well as meaningful and uniform system of education is also equally important, the President asserted.

For achieving this very goal, complete harmony and close
cooperation would also be required between the government and the masses, the President opined.

He said that the business community would also have to play its due role towards the development and prosperity of the country.

Mamnoon Hussain on the occasion lauded the active role being played by the Rice Exporters’ Association.

He was of the view that the price fluctuations in the
international market also affect the Pakistan farmers and the

The government, he added, is undertaking measures for overcoming the problems of farmers and exporters as well.

The President urged the growers in the country to take advantage of the latest technology to improve quality and production of the crops.

He also asked the organizations associated with the agriculture sector to take up as their responsibility to apprise our growers of the research and experiences in other parts of the world, so that  our farmers, exporters and economy should not suffer any loss.

Mamnoon Hussain said that the State Bank of Pakistan has reduced mark up rates, and loans on easy terms are being provided to exporters.

He said that the Rice Development and Export Promotion Council were being revamped for enhancing export of rice.

The President said that efforts are also being made for export of Basmati rice in markets of Saudi Arabia and Iran.

He declared that economic development was the priority of the present government.

On the occasion he also distributed awards and prizes among the winners.

Governor Sindh, Dr Ishrat ul Ebad Khan, President of
Federation of Pakistan Chambers of Commerce and Industry, Abdul Rauf Alam, and chief patron of Rice Exporters’ Association, Abdul Rahim Janoo, also spoke on the occasion.