ISLAMABAD: Prime Minister Shehbaz Sharif has asked friendly countries that Pakistan needs an injection of critical investment in various projects instead of loans that add to its debt burden to rejuvenate its faltering economy.
Addressing members of the Cabinet at a meeting last week, the Prime Minister lauded the Special Investment Facilitation Council (SIFC), noting that the forum was playing an effective role in enabling Pakistan to realize its growth potential, particularly by facilitating foreign investment in the country.
He shared with the cabinet that he had told friendly countries that this time Pakistan required investment but not loans. The PM emphasized that the potential of the youth needs to be optimally utilized through imparting first class training in income generating skills.
He also called for the support of small and medium enterprises (SMEs) by inculcating a culture of entrepreneurship, encouraging self-employment and supporting start-ups.
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Pakistan is currently targeting the United Arab Emirates, Saudi Arabia, Qatar and Kuwait, along with other countries, to stimulate investment in mining, agriculture, industry and energy.
The Prime Minister said that by electing the present government, the people of Pakistan have reposed faith in its leadership and had high hopes that the government would provide relief to them and steer the economy on the path of sustainable and long-term development.
He called the new cabinet a balanced combination of youth and experience, which is well positioned to meet multidimensional challenges and serve the nation.
