The govt’s next challenge is employing the youth: PM Khan

Prime Minister Imran Khan spoke at a ceremony on Wednesday where representatives from China and Pakistan signed a business agreement.

Here are some key points from his speech:

• Pakistan’s economy and the dollar have stabilised, thanks to the efforts of the government’s economic team.
• The signing of agreements like this (to produce tyres in Pakistan) is going to help the economy and help the government spend fewer dollars on imports
• Tyres made in Pakistan can now be exported
• The market sentiment is positive and the market understands that Pakistan’s economy is now stable and will improve
• The Pakistan Stock Exchange has improved and more investment is coming into the country
• Pakistan’s ease of doing business ranking has gone up 28 points
• The government’s next challenge is employing the youth
• Incentives are being given to the construction industry so that construction is boosted in the country
• The government is making it easier for foreign investors to invest in Pakistan
• The foreign exchange spent on importing tyres can now be spent on other things
• China and Pakistan have a better relationship than ever before
• China is giving Pakistan opportunities through its Belt and Road Initiative and encouraging businesses to relocate to Pakistan

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