Cabinet endorses special CPEC Business visa to facilitate Chinese investment

Talking to the media regarding the decisions taken by the cabinet with Prime Minister Imran Khan in the chair, Federal Minister for Information and Broadcasting Chaudhary Fawad Hussain said this will enable the Chinese investors to get their visas within 48 hours and get the security clearance in 30 days.

The Cabinet cherished the economic team for steering the country towards stability despite the challenge posed by COVID-19 and the flawed policies of previous regimes.

Giving details of positive economic indicators Minister for Planning Asad Umar, who had joined the Information Minister at the media briefing said Prime Minister Imran Khan's policy of protecting lives and livelihood during Covid-19 has saved our economy from an expected loss contrary to the neighbouring economies. He said according to the figures provided by National Accounts Committee, we are expecting more than a 3.5 per cent growth rate.

He stated hope that with all these indicators the country' economy will move from stability to development.

The Cabinet appreciated improvement in the relations between Turkey and Saudi Arabia will be beneficial for Muslim Ummah.  

The Prime Minister appreciated Foreign Minister Shah Mahmood Qureshi for successfully raising the Palestine issue at international forums.

He said the forum approved the formation of a committee to review Tehrik e Labbaik Pakistan's application for lifting of the ban on it.

After reviewing the application, the committee will present its recommendations to the Cabinet.

The Cabinet also approved the formation of a new Board of Directors of PTV. The Information Secretary will be the Chairperson of PTV's new board while Director General Radio Pakistan has also been included in its members.

Counting on factors that contributed positively to the country's economy, he said Prime Minister's Ehsas Program and incentivized policies for the construction sector played a major role in putting the country's economy on right track.

He stated this year the country witnessed record production of wheat, sugar, rice and maize that helped increase wholesale trade, which is directly linked to positive growth of the economy.