Imran urges wealth creation to get rid of foreign debt

imran urges wealth creation to get rid of foreign debt

Sumary of Imran urges wealth creation to get rid of foreign debt:

  • Prime Minister Imran Khan is being briefed on Farash Town Apartments Project on Thursday.—APP • Lays foundation stone of 4,000 low-cost flats• Pins hope on Ravi, Bundal projects for investment• Terms youths of D-8 countries key asset ISLAMABAD:.
  • Prime Minister Imran Khan on Thursday said several initiatives had been taken for wealth creation so that Pakistan could get rid of heavy foreign debts his government had inherited from previous ones..
  • the prime minister said while laying the foundation stone of 4,000 low-cost apartments being built under the government ambitious Naya Pakistan Housing Programme (NPHP) at Farash Town near Islamabad..
  • He said the incentives announced by the government for the construction industry would not only ensure economic activity with the running of 30 affiliated industries but also generate job opportunities..
  • PM Khan expressed the confidence that the development of Lahore Ravi Urban Project and Central Business District and Sindh Bundal Island would attract foreign investment..
  • He expressed satisfaction that negotiations held by the government with banks, the Federal Bureau of Revenue and other bodies had resulted in the conclusion of an agreement on mortgage financing as the key factor in materialisation of the housing project..
  • 2,000 would be allotted to those who had registered themselves under the NPHP, while 1,600 flats would be sold out by the Capital Development Authority (CDA)..
  • Prime Minister Khan witnessed the signing of a Memorandum of Understanding among the Naya Pakistan Housing Development Authority, CDA and Frontier Works Organisation, which will jointly carry out the project..
  • Interior Minister Sheikh Rashid Ahmed announced that in the upcoming Media City, 600 flats would be provided to the journalists of Islamabad and Rawalpindi..
  • Meanwhile, the prime minister while addressing the 10th summit of the Developing Eight Organisation for Economic Cooperation said that there was a defining moment for the world because of the interconnectedness and the socioeconomic and environmental vulnerabilities created by it The summit, held virtually, was hosted by Bangladesh while heads of state and government from Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey participated in it…

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