Federal cabinet meets under Prime Minister

Islamabad, February 25, 2014 (PPI-OT): The Federal cabinet met with Prime Minister Muhammad Nawaz Sharif in chair, today at PM’s Office, Islamabad. The Prime Minister in his opening remarks said that despite the fact that Pakistan was faced with numerous challenges, his Government was determined to overcome them and steer the country out of the crisis.

He said that the situation was improving and the national economy was showing steady progress. He added that GDP was showing visible progress, which would further improve in the days to come. “All necessary steps would be taken to restore peace and put Pakistan on the track of progress and prosperity”, added the Prime Minister.

Discussing the economy of Pakistan, the Prime Minister said that the prudent energy policy of the government has brought good results. The Electricity and Gas supply is better as compared to the previous year, and this has been resulted due to better planning and management of the power supply and we are hopeful that the conditions will get better in future, added the Prime Minister.

The Prime Minister stated that foreign investors, especially China was taking keen interest to invest in Pakistan and have pledged to invest about $ 50 billion in different projects over a period of next five years. Chinese investment of US$ 35 billion will be in power sector including Solar, wind and hydel projects, PM told.

This will be in addition to the projects already initiated by government of Pakistan, PM added. He further said that projects of paramount national importance including Karachi-Lahore Motorway, 10 coal-based power projects in Gaddani Power Park and up gradation of Raikot- Haripur section of KKH would be executed with the assistance of Chinese Government.

The Premier underlined the importance of enhancing national security for safeguarding the lives and property of the people and further building the trust of foreign investors to invest in Pakistan.

The Cabinet unanimously approved National Security Policy in its meeting. Federal Minister for Interior, Ch. Nisar Ali Khan would give detailed policy statement on the approved policy, on the floor of the house on February 26, 2014.

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