PESHAWAR
\nBesides successfully overcoming the monster challenge of floods and improving bilateral relations with countries, the PMLN-led coalition government has been succeeded to bring thececonomy back on right track and saved the country from an economic default in its 16-month rule.
\nFinancial and economic experts said that revival of IMF agreement was a big achievement of the 16-month government of Prime Minister Muhammad Shehbaz Sharif that has not only saved the country\u2019s from bankruptcy and economic default but also restored the confidence of international monetary institutions to invest in Pakistan.
\nMuhammad Naeem, Professor of Economics Department, University of Swabi said that saving the country from bankruptcy, IMF agreement and Economic Revival Plan (ERP), was one of the key achievements on the economic front of Prime Minister Shehbaz Sharif Govt.
\nHe said that $3billion stand-by agreement with International Monetary Fund has helped Pakistan on economic, financial, investment and bilateral fronts and its trickled down effects started with rise of rupee value against dollar and prices stability in open market.
\nHe said the economic revival plan was another achievement of the government that envisages capitalizing the country\u2019s untapped potential in key sectors of defence production, agricultural, livestock, minerals& mining, IT and energy through indigenous development as well as investments especially from friendly countries.
\nDr Muhammad Naeem said the government has taken a bold step pertaining to establishment of Special Investment Facilitation Council (SIFC) to act as a single window interface for the potential investors and to adopt a unified approach.
\nHe said SIFC would shorten hithertofore cumbersome and lengthy business processes through a cooperative and collaborative approach with representation of all stakeholders besides creating horizontal-vertical synergy between federation and provinces.
\nHe said it would help facilitating timely decision making and avoiding duplication of effort besides ensuring swift projects implementation.
\nWork on CPEC projects were expedited during PMLN led Government and second phase of CPEC was launched which magnified present Govt investment friendly policies.
\nUnder second phase of China Pakistan Economic Corridor (CPEC), he said that various projects in agriculture, IT, Industries and export sectors would be launched that would generate employment opportunities for youth.
\nHe said continuity of economic and financial policies were imperative to achieve all devolopment goals.
\nIkhtair Wali Khan, PMLN KP spokesman that work on all projects halted by the previous government, has been restarted across the country and all sectors including agriculture, IT, Textile as well as industries were promoted.
\nAs result of which, bumper wheat production was achieved this year in the country that stabilizes flour prices in markets.
\nWali said despite fragile economic situation, the government has provided free flour worth billions of rupees to people during Ramazan and financial relief to millions of flood victims.
\nThe past government had damaged Pakistan\u2019s reputation by violating the agreement signed with the International Monetary Fund thus played hovac with the country\u2019s economy, he added.
\nHe said that bilateral relations with all friendly countries were significantly improved especially with China, Saudi Arabia and UAE by the present govt.
\nHe said that Prime Minister Muhammad Shehbaz Sharif has re-launched Laptop and skills development programs for empowerment of youth. These programs educates youth in a wide range of topics by enhancing their abilities to excell in their l adopted careers.
\nWali said that Prime Minister\u2019s sports endowment fund has greatly helped in promotion of sports in the country including KP and that is why Pakistan has recently won the world junior squash title.<\/p>\n","protected":false},"excerpt":{"rendered":"
PESHAWAR Besides successfully overcoming the monster challenge of floods and improving bilateral relations with countries, the PMLN-led coalition government has been succeeded to bring thececonomy back on right track and saved the country from an economic default in its 16-month rule. Financial and economic experts said that revival of IMF agreement was a big achievement […]<\/p>\n","protected":false},"author":2,"featured_media":348310,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-348298","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-national"},"yoast_head":"\n