General

Financial package from Saudi Arabia help to reduce immediate burden, PM

Prime Minister Imran Khan has said government successfully obtained financial package from Saudi Arabia to reduce the immediate burden of paying the installment of loans accumulated by previous governments.
Addressing the nation Prime Minister said new government faced the immediate burden of paying the installments of debt. He said had we gone to the IMF immediately, it would have hurt the nation as fulfilling their hard terms requires passing on burden on the masses.
He said the government made the strategy to ask the friendly countries to take loans from them in order to reduce burden on people. He said government is also in talks with some more friendly countries and hopefully there will be a positive response from them too.
The Prime Minister said we also want to play the role of mediator in Yemen conflict. He said Pakistan will try to bring Muslim countries together by helping to resolve their conflicts.
The Prime minister said those who are criticizing the current government are the ones who burdened the country’s economy with their ill economic planning and corruption. He said those elements are trying to raise hue and cry as they are afraid of their accountability.
The Prime Minister warned that there will be no NRO for any one. He said no corrupt will be spared, as he had promised to the nation in his election campaign. He said unless corrupt people are nabbed, the financial future of the country will remain bleak.
Imran Khan said the unearthing of accounts with exorbitant sums on the names of ordinary people gives the sense of foul play by some people.
He said the cycle of taking loans and then to pass on burden to masses will be broken.
He said the audit is being made of the previous loans to ascertain the facts.
The Prime Minister said government is making efforts to stop the illegal outflow of money. He said an investment friendly environment is being created with one-window operations. He said the government has also facilitated mechanism for foreign remittances.
Imran Khan said he himself is overseeing the mega project of five million houses. He said forty countries are directly associated with the housing sector and will provide the youth employment opportunities.
He said a special package will be announced in the coming days to help uplift the socio-economic conditions of people lower income backgrounds.
The Prime Minister asked the nation to be patient in this difficult exercise as the future holds a prosperous and developed Pakistan. He said Pakistan is endowed with immense resources and potential and it will make progress at a rapid pace once corruption is curtailed.
He said an investor enabling Pakistan will be created where people from other countries will come to Pakistan to invest. He said our objective is to create a Pakistan which grants loans to other countries for their development.