Last updated when July 18, 2020 18:56
Development projects failed due to the failure of our system: PM Imran Khan
LAHORE (Dunya News) – Prime Minister Imran Khan said that our country’s current system creates obstacles in development and many development projects fail because of the damage to our system.
Speaking at the groundbreaking ceremony of the Quaid-e-Azam Business Park, the Prime Minister said that the government was heading in the right direction and congratulated the Punjab government on the business park project.
Imran Khan said that Chinese companies were interested in investing in Pakistan in various sectors.
But he said we must reduce entrepreneurship and simplify our procedures.
He expressed hope that Quid-e-Azam Business Park would emerge as the center of a new economic path and prospect for Chinese companies.
The Prime Minister said the construction incentive package had been announced to accelerate economic revival and generate employment opportunities.
He underlined the need for long-term planning for sustainable development and expressed regret for short-term planning in the past.
The Prime Minister said that the government is committed to removing the red tap barriers on the entrepreneurial path and ensuring business ease.
He said that small and medium industries are the backbone of the economy and provide employment opportunities on a large scale but this system is an obstacle to participating in the country’s development process.
He said the government was committed to facilitating them at all levels and would ensure the ease of doing business.
The Prime Minister said the government was committed to institutional reform in the country and initiatives had been taken in this regard.
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