PM’s steps to improve energy supply, increase exports lauded

Staff Reporter

Islamabad

The United Business Group (UBG) of FPCCI on Thursday lauded the efforts of the Prime Minister Nawaz Sharif to boost exports through incentives and improved supply of energy.
Energy projects of CPEC would add around ten thousand and five hundred megawatt of electricity in the national grid within two years while other initiatives will also add thousands of megawatt of power providing relief to masses, industry and agriculture, it said.
Similarly, the recently announced export package and other moves have reduced cost of doing business for the export sector which the confidence of investors is improving, said Haji Naseemur Rehman, central leader of the UBG.
Macro-economic stability has been achieved through prudent and sound economic policies, he said, adding that GDP growth had averaged more than 4 per cent per annum during the last three years and reached 4.71 per cent last year which was highest in eight years. The foreign exchange reserves have exceeded $ 24 billion recently which have stabilised exchange rate, he noted.

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