- ‘Only foreign investment can steer the country out of prevalent economic crisis’
Prime Minister Imran Khan said on Saturday that only foreign investment could steer the country out of the prevalent economic crisis and the government was trying its best to ensure ease of doing business to facilitate the investors.
Addressing the inauguration ceremony of JW Forland Car Plant, the prime minister said the Chinese investment in Pakistan, like the one in this project, would help create wealth in the latter.
Through this plant, which would be completed in three years, it would be for the first time that all vehicles would be fully manufactured in Pakistan. Until now, vehicles were only being assembled in the country.
The prime minister lauded the company’s plan to manufacture electric cars, which according to him would help reduce the level of pollution, particularly in cities like Lahore.
He congratulated the management of JW Forland for setting the plant, as it would create 40,000 jobs and give up to Rs30 billion in taxes to the government.
He said in future, the government would support the company export its products so as to bring in foreign exchange.
The prime minister assured that through the Board of Investment, the government was striving hard to remove impediments in business processes.
So far, the investors had been facing hurdles like red-tapism, bribery and corruption which forced them to move to other destinations like Dubai, he noted.