(30 May, 2018)
President Pakistan Businessmen and Intellectuals Forum (PBIF), President AKIA, Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister Mian Zahid Hussain on Wednesday said that due business friendly policies of PML-N Government, every sector including agriculture, trade and industry has shown growth. GDP has increased by 5.8 percent, manufacturing sector has grew by 5.27 percent, revenue collection has increased by 100 percent and the poverty has reduced by 10 percent.
The veteran businessman while talking to the business community said foreign reserves were only $ 6 Bn when the Government took over which has reached and touched the highest level of the history i.e., $ 25 Bn, however due to decline in exports, huge imports due several ongoing development projects in the Country and political instability, the foreign reserves are again on decline.
The former minister said the $ 75 Bn CPEC project signed with China is matchless and marvelous achievement of this Government. The whole of the Country will be connected through motorways, highways and upgraded railway lines under CPEC, which will faster commuting, transportation, easy access of local and international markets and developed tourism.
With $ 35 bn investment in energy sector, energy crisis has reduced to a greater extent. 29 new universities are being established improving the Country’s education. Pakistan is among the five top most countries received the maximum private investment; other countries are Jordan, Indonesia, Brazil, Urdan and China.
When PML-N took over the government, terrorism in the Country was at its peak, foreign investors and even elite rich of the Country were leaving the Country taking their investment out of businesses and shifting their industries, trades and businesses to other Countries. By the launch of Zarb-e-Azab, Radd-ul-Fasaad and other IBOs in the Country, peace has been restored by the grace of Allah, for which we commend the armed forces civilian government. Tourism in developing and the number of tourists is increasing significantly, opportunities of trade and industry are far better than ever before. However exports reduced to $ 21 bn, rupee devalued, state owned institutions could no avoid the annual loss of Rs. 500 Bn and circular debts have reached to new heights in the last five years of this government.