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Pakistan

APP
January 4, 2019

PM Imran invites Turkish businesses to invest in Pakistan

Pakistan

APP
Fri, Jan 04, 2019

ANKARA: Prime Minister Imran Khan Friday assured the Turkish investors that they would now find a completely different government in Pakistan that believed in wealth creation by ensuring ease of doing business.

Addressing the members of Turkish Business Council here, the prime minister said in 1960s, Pakistan was considered as the fastest growing economy and used to be shown as a real model of development.

South Korea and Malaysia did learn from Pakistan and both the countries moved ahead, he added.

He said Pakistan deviated because a socialist mindset had pervaded the country that became a deterrent to wealth creation as profit-making was considered a sin.

That mindset sent the country back and nationalization took place which forced the big businessmen and industrialists to go abroad.

The socialist mindset existed in bureaucracy, who had envy against those making wealth, he added.

The prime minister, who is on a two-day visit to Turkey along with a high level delegation, told the audience that as policy, the government believed that that wealth creation could take the country out of economic crisis, make it repay debts and steer the people out of poverty.

He cited the China model which brought out 700 million people out of poverty within 30 years just because they had allowed wealth creation.

“To take people out of poverty, we have to allow people to make money. The more money is made, the more wealth is created, the more we have the ability to raise taxes… We can use that money on bottom tier of our society,” the prime minister said.

He said the government was making every effort to remove impediments in way of investment and businesses.

An exclusive office had also been set up at the PM Secretariat to take measures for ensuring ease of doing in business in the country.

The prime minister reiterated his government’s resolve to eradicate corruption which had made it difficult for Small Medium Enterprises (SMEs) to flourish and genuine entrepreneurs to prosper.

He also assured the Turkish investors to address their issues in Pakistan, mainly due to the unpredictable policies.

He said by enhancing the investment, the government was yearning to increase exports that had been suffering, owing to flawed policies.