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General election to be held on July 15

21 December, 2017

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FAISALABAD: Prime Minister Shahid Khaqan Abbasi on Wednesday categorically stated the PML-N government would complete its term and the general election would be held on July 15, 2018.

“Six years back Pakistan was facing instability but now the situation is far better and foreign investors are interested in making investment in Pakistan due to sincere efforts of the PML-N government,” the prime minister told the ground-breaking ceremony of Hyundai car plant here.

The car assembly plant is a joint venture of Nishat Mills Limited (NML), one of the largest integrated textiles mills in the country, and Hyundai Motor Corporation (HMC) of South Korea.

The prime minister said that privatisation in Pakistan remained successful and the government has planned to provide all possible incentives and other facilities to the investors. He said the PML-N government did not raise hollow slogans but it really delivered the masses by overcoming the prevalent issues especially gas and electricity load shedding.

Abbasi said the government had also completed a number of mega projects including power generation units and motorways whereas gas terminals were also being established in the country. He said that despite instability in the country and several other issues over the last few years, the path to progress continued. This is manifestation of the trust the investor has in Pakistan’s policies, he added.

Abbasi assured the gathering that the country was ripe for investment and the investors were beginning to see it. “Pakistan is not what you see on CNN … this is the real Pakistan,” he said. “Pakistan is a story of many successes,” he added.

The prime minister said the establishment of the car plant by Hyundai showed the trust of investors in Pakistan as well as the government’s sustained policies which had created conducive environment for investors.

He said this investment was also a manifestation of the fact that the government’s business-friendly policies had started bringing positive results. He highlighted the PML-N government’s achievements over the last few years particularly in the area of energy and said a number of electricity generation projects were installed which addressed the issue of electricity shortage.

The prime minister mentioned the constructions of roads, highways and motorways across the country as well as the establishment of gas terminals during the last over four and a half years and said the present government did not just utter words but delivered.

Speaking about Pakistan’s privatization policy, Abbasi said the transparent privatization of MCB Bank in 1990s – the first in privatization of financial institutions – was a success story.

Hyundai Nishat Motor Ltd signed an investment agreement with the Ministry of Industries and Production under the Automotive Development Policy 2016-21 earlier this week to set up a greenfield project to undertake assembly and sale of passenger and one-tonne commercial vehicles.

The prime minister hoped that the establishment of Hyundai car plant in Faisalabad would help augment the industrial activity in the country.

Addressing the members of the Faisalabad Chamber of Commerce and Industry (FCCI) after performing the groundbreaking ceremony of car assembly plant of Hyundai Nishat Motor (Pvt) Ltd in M-3 Industrial City, Prime Minister Abbasi said that industrialization had gained momentum in the country as the government had successfully reined in the most ticklish problem of energy shortage.

He said the government had fulfilled its commitment of ending electricity and gas shortage and now its focus was to cut the cost of doing business, particularly for the industrial sector.

Underlining the importance of industrialization, he said that private sector had to play its role for the establishment of new industrial units as government had now ensured continuous supply of gas and electricity.

“We are now concentrating to make energy affordable for the industry,” he said, adding the cost of the electricity had increased due to ill-conceived policies of the previous governments.

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