PM Imran hopes to attract relocation of industry from China to Pakistan
ISLAMABAD: Prime Minister Imran Khan on Wednesday expressed the hope to attract the private sector from China to relocate industry in Pakistan.
‘The Board of Investment, the Ministry of Investment and we all are trying to create ease of doing business in Pakistan. We are also trying to bring cost of doing business down in the country in a bid to attract large investments,” Imran Khan said while addressing a ceremony in Islamabad after performing groundbreaking of Prefabricating Housing Project in Islamabad. A large number of Chinese businessmen were present on this occasion.
He said we know Vietnam had benefitted from relocation and Cambodia was trying to attract relocation of industry into its country.
PM Imran said agriculture and prefab housing were two important sectors in Pakistan. Once we could raise productivity in agriculture, we could reduce poverty in rural areas, he added.
“Prefab housing is cheaper and much quicker. We found in Gawadar that a five-star hotel started functioning in six months. It is important for Karachi as it has a large population living in shanty towns and slums,” he said.
He said prefabricated houses would be established in big cities like Karachi and Lahore where many people had been residing in shanties and land was extremely expensive there.
The prime minister said the problem with giving housing to the people living in city centre’s slums while you are building flats as it took flats to build 2/ 3 years. He appreciated the Chinese companies for prefab housing projects under which flats would be built in six months and so will people could be shifted.
On June 25, Prime Minister Imran Khan had approved to establish a steering committee on Pakistan Regulatory Modernisation Initiative (PRMI) to form a regulatory framework for simplifying the process of business registration.
“The aim of improving regulation and developing it on modern lines will facilitate the business segment,” Imran Khan had said while chairing a meeting on Pakistan Regulatory Modernization Initiative (PRMI) in Islamabad. He was given a detailed briefing on the PRMI.