Minister for Commerce Jam Kamal Khan has said that to achieve the goal of economic stability, the government is focusing on different sectors with will ultimately lead to national development and prosperity. Talking to media person outside the Parliament House on Tuesday, he said that the national economy was gaining stability with each passing day, contrary to the past situation when the business community’s LCs [Letters of Credit] was not being opened. Jam Kamal Khan said that, although the common man and the business community were facing difficulties due to certain reasons, including economic instability and the global economic recession, things had started moving in the right direction despite these challenges. Those who were considering to shift their business abroad few years back were now exploring more investment opportunities in Pakistan in diverse fields, he mentioned.

The commerce minister said that this shift was attributed to the inflow of foreign investment, reduction in inflation and the policy rate, and the availability of sufficient foreign exchange reserves. He said the government was making every possible effort to address the concerns of the business community and ensure the provision of a conducive business environment. Jam Kamal noted that the incumbent government had given special attention to regional connectivity, focusing on increasing trade activities with Gulf, European and Central Asian states, as well as China, while also attracting more foreign investment to the country. Responding to a question, the minister said the government had repeatedly invited opposition parties in Parliament to come together and sign a Charter of Economy (CoE) in the supreme national interest, setting aside all political differences. The minister highlighted the importance of continuity in national policies, especially economic policies, to put the country on a consistent path of development and prosperity.

Credit: Independent News Pakistan