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Ahsan Iqbal, Planning Minister, Press Conference: Five New Corridors to Begin Under CPEC Phase-II

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The China-Pakistan Economic Corridor (CPEC) initiative has made Pakistan a magnet for international investment, according to Federal Minister for Planning Ahsan Iqbal. Phase 2 of the CPEC would add five more corridors.
Speaking at a news conference in Islamabad, the federal minister stated that Pakistan has received an assurance from China to begin construction on five new corridors, and it is our responsibility to seize these possibilities by maintaining stability.

International credit agencies have increased Pakistan’s ranking, according to Ahsan Iqbal, who also indicated that the government’s cautious economic measures are producing favorable effects.

The speaker added that the government’s efforts have resulted in a one-digit inflation rate, and that the reduction of the policy rate will stimulate corporate activity.

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Rs. 209 billion was given to 31,700 young business owners.

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Over the course of the last eight months, 31,700 young entrepreneurs have received an incredible 209 billion rupees from the Prime Minister’s Youth Program through the Prime Minister Youth Business And Agriculture Loan Scheme, a major boost to entrepreneurship and youth empowerment.

The goal of this program is to provide young people with the tools they need to start and expand their businesses, which will eventually result in profitable employment and economic expansion.

With a simple online application process, prospective young entrepreneurs can now readily access the Prime Minister’s Youth Program benefits. Loan facilities are offered to youth through 15 different banks.

This significant accomplishment shows the government’s dedication to creating an environment that encourages young entrepreneurs and allows them to contribute to the growth and prosperity of the nation’s economy.

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DY PM Meets with the Saudi Envoy

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In Islamabad, Saudi Ambassador Nawaf Bin Saeed Ahmad Al-Malkiy paid a visit to Deputy Prime Minister Ishaq Dar.

Both pledged to deepen the already strong and long-standing relationship between the two nations, especially in the fields of investment and trade.

The Ambassador wished the DPM and the Pakistani people a happy Ramadan.

For Saudi Arabia’s government and citizens, Ishaq Dar did the same.

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Ishaq Dar Evaluates Foreign Investment Developments

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A meeting to assess the status of foreign investments in the maritime and aviation sectors was presided over by Senator Muhammad Ishaq Dar, the deputy prime minister and foreign minister.

The meeting was attended by senior officials from many departments, including the secretaries of defence, privatisation, the board of investment, law, and maritime affairs.

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