PM regrets economy ‘mismanaged’ in previous governments

Prime Minister Imran Khan on Friday while performing the groundbreaking of Central Business District in Lahore said that the project will help generate Rs 6000 billion.

Imran Khan said that the Central Business District project will serve as a business hub that will help in wealth generation. He said that de-notifying of Walton airport will turn the adjacent areas into an economic hub.

In the first phase, he said the project will generate 1300 billion rupees and the federal government will get two hundred and fifty billion rupees in taxes.

The Prime Minister stressed that wealth generation projects are important to strengthen the economy enabling it to return the loans.

The Prime Minister regretted the economy was mismanaged in the previous two governments.  He said we inherited difficult economic situation. Imran Khan said the inflation was increased to control the crises that PTI Govt. inherited from the previous tenures of other parties.

He however expressed satisfaction that the current account surplus remained surplus during the first six months of current fiscal year.

PM said that the country’s textile exports are also witnessing increase and new industries are being set up in the country. Referring to Naya Pakistan Housing Project, the Prime Minister said this will provide affordable houses to the salaried class and the labourers.

The Prime Minister said Pakistan and Qatar have signed a new LNG import agreement for ten years. He said it took the government three years to negotiate this agreement which will help save three hundred million dollars annually.

It is to be mentioned here that PM Imran Khan has arrived in Lahore on a one-day visit where he is scheduled to chair different meetings.

Today, Punjab Chief Minister Usman Buzdar called on Prime Minister Imran Khan today.

Both discussed progress in the ongoing development schemes of Punjab and political matters.