Industrialization, key exports of progress, prosperity: PM
Prime Minister Imran Khan said on Monday that industrial progress and exports are essential to the progress and prosperity of a country.
He said that a country’s wealth creation was impossible without industrial development as increased exports complemented these efforts.
The Prime Minister addressed a launching ceremony of the Pak-China Business Investment Forum as the guest of honor.
The Pak-China Business Investment Forum is formed in collaboration with the Pakistan Board of Investment (BOI) and the All Pakistan Chinese Enterprises Association with the aim of promoting Chinese business investment in Pakistan and enhancing business-to-business industrial cooperation.
The Prime Minister regretted that in the 1960s Pakistan was moving towards industrialization, but a process of nationalization stifled progress.
The prime minister said that various small countries around the world have increased their export capacities.
He said the government provided incentives to the IT sector and that in two years its exports had doubled.
Referring to China and Turkey, the Prime Minister observed that they have made progress in strengthening their industrial and export capacities.
Turkey overcame its trade deficit with an increase in exports which also increased its GDP, he added.
The Prime Minister said that in Pakistan the emphasis on industrialization had never been a priority in the past.