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Home / World / Prime Minister Khan introduces a 4-step strategy to pull the nation out of the "swamp of credit" – Business

Prime Minister Khan introduces a 4-step strategy to pull the nation out of the "swamp of credit" – Business



Prime Minister Imran Khan presented on Wednesday his government's four-pronged strategy to pull Pakistan out of its "swamp of credit".

The PM spoke to the Pakistani community in Malaysia, where he is currently on two levels. Government visit said the government has committed to improving the living standards of poor and oppressed people by improving governance and stopping corruption.

The PM said the PTI government was a priority in four areas. 19659004] Increasing Exports

The first step to rid the country of its chronic credit cycle is to increase exports, Khan said.

"If Malaysia has a population of 30 million, it has $ 220 billion worth of exports, but we With a population of 21

million, exports are worth $ 24 billion, then we're obviously doing something wrong," said Prime Minister Khan and added that his team is working on a "program to increase exports".

Send Remittances via Legal Channels

The second step was to create legal channels for overseas Pakistanis to send their remittances. He said the finance minister is working on an incentive program to facilitate the transfer of remittances.

Take a Look: PM Khan Approves Incentives to Facilitate Overseas Pakistani Transfers

"We are currently receiving $ 20 billion in referrals," said the PM. "We (the government) think that if all the money is sent in transfers [is sent via legal channels]we'll get at least $ 10-12 billion more."

"At the moment we have $ 12 billion available. When we start receiving all our referrals [through legal channels] this problem is solved. "

Also read:" No corrupt person will get NGOs, "swears PM Khan of the nation

19659005] The Prime Minister also emphasized the importance of attracting investment, especially from foreign companies:" We will he warned. "

However, he praised" the enthusiasm of Pakistanis overseas "to invest in the country, pledging to help them by fixing the government system in Pakistan He also promised to create "a simple business opportunity" for foreign and domestic investors.

"A designated office within the PM office and its sole purpose will be to solve investors' problems," he said

He claimed that the authorities of the past had prevented investors from making profits, so why would anyone invest? n? [the country] if you do not make a profit? "He asked.

" We should help them (investors) to make money, "said the Prime Minister, reminding that creating wealth helps a country grow." Mahathir Mohammad (Malaysian Prime Minister) has given me this told 20 years ago when I met him shortly after joining politics. "

End money laundering

The last of his combination of measures that pulled the country out of the country Economic turmoil ended money laundering He said that Rs10 Millions of people were sent abroad by money laundering each year, but assured that now every authority in Pakistan is working diligently to make it more difficult for people to transfer money illegally.

"We have signed MoUs (Memorandums of Understanding) with several countries," he said "And gradually we also get information about the money that was illegally sent abroad."

Imran Khan said, recently by Aid packages acquired by his government from "friendly countries" are only a temporary solution to Pakistan's economic problems.

"We have acquired credits from friendly countries to repay installments of previously borrowed loans," he said. "Even now, we're trying to borrow as little money as possible from the International Monetary Fund (IMF) we're negotiating with, but this is only temporary, it's like treating Disprin with cancer." 19659002] Imran promises far-reaching reforms: "All Policies for the People"

The Prime Minister also made a jibe to the opposition parties, claiming that the new government would fail in the first place.

"That's what they hope for," he said. "They're scared because they know they'll be in danger while I'm in power, they know they'll have to go to jail in a few days."

"That's why everyone comes together to save democracy. It is not a democracy they are trying to save. They unite to save their theft.

"But for the first time [in Pakistan history] the government will not give anyone an NGO or make a deal on behalf of the Charter of Democracy, we will throw everyone into jail."

The Prime Minister reiterated his goal of the model Madina state to solve the problems of Pakistan, and announced that his government would announce a poverty reduction program by the end of the week.


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