Govt thinks in liberal, private sector driven economy: PM
ISLAMABAD: Prime Minister (PM) Nawaz Sharif said on Tuesday that his government believes in liberal and private sector driven economy while talking to President World Bank Dr. Jim Yong Kim, the PM said our efforts are aimed at ensuring ideal business environment for the private sector, as governments are not meant to do business.
Mr. Sharif appreciated the support of World Bank in Pakistan’s economic growth.
Nawaz Sharif said the government is making all-out efforts to bring improvements in every sector of the economy. He underlined that the assistance of World Bank for Dasu Hydropower Project and Tarbela-IV Extension Project will help the government in improving the energy mix and reduce dependence on expensive fuels.
The World Bank President expressed full support for the government’s tough economic decisions and said that the Bank supports the structural reform agenda.
Earlier, World Bank President Jim Yong Kim says Pakistan is poised to become the next fast growing successful economy due to important steps taken by the government over the past few years.
Addressing a meeting on the country’s economic performance in Islamabad on Tuesday, he pointed out the country has made significant strides to achieve micro economic stability and enhance its domestic revenues by introducing reforms in the tax system. He said the country has also undertaken a number of important steps to improve business climate.
Yong Kim said Pakistan has an important geo strategic location and peace and stability in the country is imperative to the entire world. He said the World Bank, being a partner, will support the government’s initiatives to bolster economic growth and provide assistance in the areas of need. He said we are not visiting Pakistan to give prescriptions but will lend support to further consolidate gains made in the economic sector.
The World Bank President emphasized the need for bringing dynamism in the private sector saying this will generate immense employment opportunities and lift the people out of poverty. He also underlined the need for more investments in the education and health sectors.