ISLAMABAD, May 6 (Gwadar Pro) - Federal Finance Minister Shaukat Tarin on Wednesday afternoon stressed on giving more importance to the multi-billion-dollar China-Pakistan Economic Corridor (CPEC).
He said Iron Brother China had spent a massive sum on infrastructure in Pakistan and the government was also urging the Chinese investors to set up companies in Pakistan.
“China had made huge investments in Pakistan under CPEC. We should give more importance to CPEC,” he said at his first news conference since being appointed as the finance minister last month.
Tarin said Pakistan wanted the neighbouring countries to set up industries in the CPEC’s Special Economic Zones (SEZs). “CPEC will help boost industrial growth and job creation. The coronavirus took a heavy toll on the national economy but it would be back on track once the third wave is contained,” he added.
plans to build a new air base in Balochistan, stepping up the militarisation of the restive province. The PAF has also identified a piece of land for the air base in Nasirabad district of Balochistan.According to a press release, PAF officials .
Addressing a press conference here, Tarin said that his country needs to take effective measures to uplift the economy and attracting the FDI in the special economic zones being developed under the framework of the CPEC is one of the major goals of the government.He s
IMF bailout package: Tarin rules out new taxes, hike in tariffs
Economic czar unveils plan to spur growth
Shaukat Tarin speaks at a meeting in Washington in 2009. PHOTO: AFP
ISLAMABAD:
Minister for Finance Shaukat Tarin on Wednesday ruled out an exit from the International Monetary Fund (IMF) programme but unveiled his own proeconomic growth plan that contradicts the objectives of the fund’s stabilization agenda.
“[Due to their pro-stabilization nature] 90% of IMF programmes have failed but we will give an alternative that you want stabilization but we want growth that will increase the revenues,” said Tarin in reply to a question during his maiden press conference as the country’s new finance minister. Tarin – who recently replaced Dr Hafeez Shaikh as PM Imran Khan’s fourth finance minister in 3 years – also said the State Bank of Pakistan “overdoes few things” like increasing interest rates to 13.25%.