Govt focuses to promote local manufacturing, industrialization: PM

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ISLAMABAD: Prime Minister Imran Khan says the government is focused to promote local manufacturing and industrialization to enhance exports of the country.

He was addressing a ceremony after inaugurating N-Ovative Health Technology Facility at NUST Islamabad on Friday.

This is the first facility in Pakistan that will produce cardiac stents.

The Prime Minister said real development of the country is not possible without enhancing exports, and the PTI government has set the direction right to focus on exports instead of imports.

Imran Khan said all the government departments have been directed to facilitate and create an enabling environment for investment. He said Overseas Pakistanis, who are the biggest asset of the country, are being encouraged and facilitated to invest in the country.

The Prime Minister said when PTI came to power, the country was facing forty billion dollars trade gap. He said current account deficit ultimately leads to high inflation mainly due to rupee depreciation.

Giving assurance of full support to higher education, the Prime Minister said the government will promote knowledge economy.

He urged the youth to have their visions and work hard to realize their potential.

Appreciating the initiative of manufacturing of cardiac stents in Pakistan, he said the step will significantly reduce expenditures on treatment of heart diseases besides saving foreign exchange.

Earlier addressing the ceremony, Minister for Science and Technology Chaudhary Fawad Hussain said Pakistan is heading from import based economy to manufacturing based economy under the dynamic leadership of the Prime Minister.

He said Pakistan is advancing towards self-reliance under the visionary leadership of Prime Minster Imran Khan. He said the future of Pakistan is attached with education and technology.

The Minister said linkage among defence, academia and industry is of vital importance to achieve the goal of the country's development.

He said N-Ovative Health Technology facility is an important milestone in the field of health.

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