More investment is required to maintain upward momentum: Imran Khan

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ISLAMABAD: Prime Minister Imran Khan has said that the country is heading towards economic stability but more and more investment is required to maintain the upward momentum.

The prime minister was presiding over a meeting here on Thursday to remove hurdles in the way of business and investment.

“As the country at the moment is moving towards economic stability, investment is the most important factor in sustaining this stability and achieving rapid economic growth,” the prime minister said.

He highlighted the importance of investment in achieving rapid and sustainable economic growth and development in the country and called for ensuring ease of doing business for investors.

The prime minister directed all federal ministries and provincial governments to take measures for promotion of investment to ensure timely realisation of set targets in this regard.

The secretary of Board of Investment briefed the meeting on the measures taken by the government to remove hurdles in the way of trade and investment.

The meeting was told that the measures included amendments to laws, ease in tax collection system, making system of getting no-objection certificates from other departments easy and changes in unnecessary and old procedures.

National Security Adviser Moeed Yusuf, prime minister’s special assistant Shehbaz Gill, secretaries of the relevant ministries, chairman of the National Electric Power Regulatory Authority (Nepra) and senior officers were present in the meeting. The meeting was also attended by the chief secretaries of four provinces through video link.

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