Prime Minister says devising ‘long-term’ economic policies for growth
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Prime Minister Imran Khan has said that his government is moving towards devising “long-term” trade and other policies to bring economic prosperity in the country.
Addressing a ceremony in Islamabad on Wednesday, he said the country has not been able to make significant economic progress due to absence of long-term economic policies. “China is progressing by adopting long-term strategies… now we are heading towards adopting the same approach,” he added.
The premier said that the South Asian competitors including India and Bangladesh moved ahead of Pakistan through same approach.
He said that the decision of seeking financial assistance from friendly countries was against the national dignity. However, the government had to swallow the bitter pill, he added.
“Inflation increases poverty,” he said.
PM Imran said that his government inherited a depreciating economy with almost no foreign exchange reserves. However, the confidence of investors in the stock market is increasing which is heartening to see.
“For the first time in four years, the current account deficit has turned into surplus,” he claimed.
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