Can't connect right now! retry

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!
November 26, 2019

Opposition trying to mask disappointment with APC: PM Imran Khan

Top Story

November 26, 2019

ISLAMABAD: Prime Minister Imran Khan said on Monday that the opposition’s move to call an all parties conference (APC) was made to mask their embarrassment.

Speaking to his party's spokepersons here, Imran Khan said people have rejected the opposition’s protest. The premier said the opposition has lost the public support, adding that they should now wait for four years.

Imran Khan said the conscience of his party, the ruling Pakistan Tehreek-e-Insaf (PTI), was clean and that the opposition was misleading the people in the foreign-funding case.

He said the PTI submitted all relevant details to the Election Commission of Pakistan (ECP), noting that the leaders of two of the country’s biggest political parties made money through money-laundering.

Meanwhile, the prime minister assured that the government would provide all possible facilitation to foreign companies for expanding businesses and facilitating overseas Pakistanis sending their hard-earned money back to their homes.

Talking to a delegation of MoneyGram headed by its Chief Executive Officer William Alexander Holmes, the premier highlighted incentive package which is under consideration for attracting greater remittances through formal channels. Welcoming the interest evinced by MoneyGram International towards expanding its business in the growing economy of the country, the prime minister highlighted the significant growth in home remittances witnessed during the current fiscal year, expected to grow in the coming years.

William Alexander Holmes informed the prime minister that MoneyGram, in line with the vision of the present government, is complementing its efforts towards financial inclusion, especially encouraging emigrants to utilise formalchannels for safe and speedy transactions.

MoneyGram International Inc. is a globally recognised American money transfer company, which is offering its services at approximately 350,000 agent locations in over 200 countries. It is actively involved in facilitating overseas Pakistanis, with its 7,000 partners across the country to send their remittances back home, to any bank in Pakistan, in an efficient and easy manner.

Meanwhile, Imran Khan said the second phase of CPEC would focus on industrialisation, agriculture and socio-economic development.

In a meeting with Ambassador Sha Zukang, former Under Secretary General of the United Nations and current President of China-Pakistan Friendship Association, Imran Khan underscored the closeness and depth of Pakistan-China ties. Underlining that CPEC was a transformational project, the prime minister invited the Chinese companies and investors to invest in diverse sectors in Pakistan.

Ambassador Sha is leading a delegation of major Chinese companies visiting Pakistan to explore Pakistan’s business potential and to invest in the country.

Imran Khan said that CPEC, a flagship project of President Xi Jinping’s BRI, was helping in reinforcement of economic development not only of Pakistan but would also contribute to regional prosperity. Its second phase will focus on industrialisation, agriculture and socio-economic development.

Ambassador Sha underscored that Pakistan and China were all-weather strategic co-operative partners and their partnership was aimed at promoting peace, development and prosperity in the region. He emphasised that the special relationship between the two countries was reflected in expression of warmth by Chinese people towards Pakistan at every occasion.

Ambassador Sha stressed that the Chinese investors were confident about Pakistan’s economic potential and hoped that the economic relationship between the countries would reach the level of their excellent political relations.

The Chinese delegation will meet leading bankers, industrialists, entrepreneurs, financial experts, business chambers, and senior officials to deepen its insights and understanding of the economic opportunities in Pakistan.

Meanwhile, Chairman Joint Chiefs of Staff Committee (CJCSC) General Zubair Mehmood Hayat paid a farewell call on Prime Minister Imran Khan.

The prime minister appreciated his long meritorious service for the country. The prime minister wished the outgoing CJCSC well for his post retirement life.