Prime Minister calls for fast-track reforms process to attract investment

ISLAMABAD: Prime Minister Imran Khan on Saturday directed the relevant authorities to expedite the reforms process to attract the investors and improve the functioning of the state-owned enterprises.

Chairing a meeting of the Economic Advisory Council (EAC) to review the government’s introduced reforms in the mega sectors of the country, he also directed for extension of facilities under the ease of doing business, and exploration of avenues to further increase exports and fixation of imports.

The prime minister also said the government, besides focusing on gas and mineral sectors, was also encouraging overseas Pakistanis to invest in the key priority areas.

During the meeting, the prime minister was apprised of the reforms in the 14 priority sectors, which have been identified by the EAC, so that in the next three years, the GDP growth ratio could be enhanced to 6 per cent, whereas the GDP-to-investment ratio could be brought to 20 per cent from the existing 15 per cent.

These sectors included financial stability and durable development, housing and construction, financial sector and loaning arrangements, privatisation, domestic trade, circular debt, agriculture, CPEC, price stability and social protection.