Dr Abdul Hafeez Shaikh – Advisor to Prime Minister Imran Khan on Finance and Revenue on Wednesday, addressed the summit titled ‘The Future Summit’ highlighted innumerable prospects and vast potential for country’s future development.
In his virtual address, Dr Abdul Hafeez Shaikh underscored Pakistan’s strategic location, agricultural potential, mineral resources, vast coastlines and close proximity to resource rich Central and South Asian States which can significantly contribute to country’s development and growth in future.
He noted that economic prosperity cannot be achieved without transferring benefits of growth to the masses and that inclusive growth is of great importance to sustainable economic development which has far reaching benefits for all.
Shaikh also accentuated government’s policies focusing on of opening up local markets for foreign investors and facilitating them for business development and employment generation in the country.
Furthermore, he accentuated that government is striving to build national institutions and easing, simplifying of procedures for sustainable economic growth.
Expressing his views on government’s economic success, Dr Abdul Hafeez Shaikh revealed that Pakistan’s primary and current account balance are positive for the first time and that government has returned Rs 5,000 billion of foreign loans in two years along with provision of Rs 250 billion in tax refunds to businesses allowing more liquidity.
The Rs 1.2 trillion stimulus package amid COVID-19 pandemic reflects public interest and welfare being government’s priority, he added.
Meanwhile he also stressed upon the significance of private sector for new services and employment opportunities.
PM’s advisor also expressed gratitude to CEO Nutshell for organizing seminar on topic that is of paramount importance for country’s economic development and relevant future prospects.
