PM appeals to overseas Pakistanis to send money via banking channels

KARACHI: Newly elected Prime Minister Imran Khan Sunday appealed to the Pakistanis living abroad to send their money through proper banking channels and invest in their own country to overcome the rising current account deficit. The present government will provide investment opportunities to Pakistani people living abroad.

In his first address to the nation after taking oath, the PM said, “The present government will provide protection to the overseas investors in Pakistan and will impose rule of law, equality, merit system, accountability for all.

The Prime Minister also announced to set up an Investment Secretariat at the Prime Minister House which will provide all kind of help to foreign investors. The Secretariat will be constituted under the supervision of Dr Ishrat Husain. Dr Husain will also head a task force to work on institutional reforms, especially to lower state institutional expenses.

He said that foreign investment would be brought into the country through Pakistani Embassies while all Pakistani ambassadors in foreign countries would be asked to educate Pakistanis living abroad to invest in Pakistan.

“We are not going to take further loans or no country is ready to give us loans owing to Pakistan’s deteriorating condition, PM said adding if they will extend us loans we have to face more challenges.

He said all the bulletproof cars would be auctioned and the money will be deposited in the national kitty.

Pakistan needs to increase its exports and the exporters would be provided all kind of assistance to boost their exports. A committee will be formed to look into this issue and small businesses will be supported.

A 20 points National Action Plan will be implemented to bring peace.

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Arshad Hussain
Arshad Hussain
The author is business reporter at Pakistan Today. He can be reached at [email protected]. He tweets @ArshadH47736937
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