Pakistan PM Pledges Support for Private Sector Investments to Facilitate Growth

Wed Jan 17 2024
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DAVOS: Pakistan Caretaker Prime Minister Anwaar-ul-Haq has affirmed Pakistan’s commitment to fostering a favorable environment for the private sector’s continued growth.

Speaking at an event organized by Pathfinders in Davos today, he highlighted the government’s commitment to utilizing taxes collected from businesses to invest in the social sector.

Emphasizing Pakistan’s significant asset, the Prime Minister noted that sixty percent of the population is under the age of thirty, with approximately 1.5 million workers in the IT sector. He underscored the country’s efforts towards achieving international accreditation in the IT field.

Anwaar-ul-Haq Kakar mentioned the government’s overhaul of the taxation structure and improvements in governance. He expressed contentment with the prevailing sense of positivity among the people of Pakistan.

Referring to Pakistan’s diverse characteristics, including cultures, languages, ethnic groups, and cuisines, the Prime Minister highlighted the nation’s geostrategic importance. He stressed the need for enhanced competitiveness and attractiveness to facilitate industrialization, especially for those in the Gulf region. 

Moreover, he pointed out China’s plans to relocate some industries, with Pakistan being identified as one of the destinations for this purpose.

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