Central Business District in Lahore to help generate Rs6,000 bn: PM Imran
ISLAMABAD: Prime Minister Imran Khan on Friday performed the groundbreaking of Central Business District in Lahore.
“This project will serve as a business hub that will help in wealth generation and it will help generate Rs6,000 billion,” Prime Minister Imran said while addressing the inaugural ceremony on the occasion.
In the first phase, he said the project would generate Rs1300 billion and the federal government would get Rs250 billion in taxes.
The prime minister stressed that wealth generation projects were important to strengthen the economy enabling it to return the loans.
Imran Khan regretted that the economy was mismanaged in the previous two governments. He said the PTI government inherited difficult economic situation. He however expressed satisfaction that the current account surplus remained surplus during the first six months of current fiscal year.
“Our textile exports are also witnessing increase and new industries are being set up in the country,” he said.
Referring to Naya Pakistan Housing Project, the prime minister said it would provide affordable houses to the salaried class and the labourers.
He said Pakistan and Qatar had signed a new LNG import agreement for ten years. He said it took the government three years to negotiate this agreement which will help save three hundred million dollars annually.