Cabinet nods special CPEC Business visa to facilitate Chinese investment

Cabinet nods special CPEC Business visa to facilitate Chinese investment in the country.

Minister for Information and Broadcasting Chaudhary Fawad Hussain said this, while Briefing media persons about the decisions taken in the cabinet meeting.

Cabinet nods special CPEC Business visa to facilitate Chinese investment

Prime Minister Imran Khan presided the cabinet meeting held in Islamabad Tuesday.

Federal Cabinet has given approval to a special CPEC Business visa to facilitate the Chinese investment in the country.

Fawad further said that this will enable the Chinese investors to get their visas within 48 hours.

Besides, they will get the security clearance in 30 day.

Minister for Planning Asad Umar also joined the Information Minister during the briefing.

Moreover, the Cabinet appreciated the economic team for steering the country towards stability despite the challenge posed by Covid-19 and flawed policies of previous regimes.

Chaudhry Fawad said overseas voters are important agenda of our electoral reforms.

He further said the Election Commission should take immediate steps to bring them into our electoral process.

He said Electronic Voting Machine is being appreciated by different segments of the society, including bar associations.

The Minister said Rawalpindi Bar Council has demanded EVM for their upcoming elections.

Furthermore, the Cabinet appreciated improvement in the relations between Turkey and Saudi Arabia as it will be beneficial for Muslim Ummah.

Palestine issue

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

The Minister said Cabinet accorded approval to Cantonment Board Elections and directed Ministry of Defence to make all arrangements in this regard.

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

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

Meanwhile, the Cabinet also gave approval to a new Board of Directors of PTV.

The Secretary Information will be the Chairperson of PTV’s new board while Director General Radio Pakistan has also been included in its members.

Asad Umar

Minister for Planning Asad Umar  elaborated positive economic indicators. He 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 3.5 percent growth rate.

Asad counted on factors that contributed positively in the country’s economy.

He said Prime Minister’s Ehsas Program and incentivized policies for construction sector played a major role in putting the country’s economy on right track.

He said 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 economy.

Private sectors loans for direct investment increased by 126pc

Furthermore, he said loans received by private sectors for direct investment have increased by 126 percent that boosted small enterprises while large scale manufacturing recorded 9 percent growth.

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

Replying a question, the Information Minister said the opposition should come forward and debate on electoral reforms, which is the need of the hour.

He said the opposition parties working under the umbrella of PDM, have different agendas.

Chaudhary Fawad Hussain said the PTI is going to create history and today’s Cabinet meeting was the country’s first paperless meeting which shows the intent of the government.

GTV