PTI unveils 9-point industrial policy

ISLAMABAD – A central leader of Pakistan Tehrik-e-Insaf on Monday dropped a bombshell during a press conference held in a local hotel, saying his party would create 10 million jobs for youth in just five years if voted to power.“Industry in Pakistan is in dire straits due to a crippling energy crisis, lack of access to finance and skill shortages, hence the PTI Industrial policy aims to build solid foundations for the revival of industry by creating 10 million new jobs for the youth over the next five years and to make the sector more violable and competitive in the international markets,” Asad Umar, senior vice president of PTI said while unveiling PTI’s industrial policy.The disclosure was taken as a surprise not for the participants but also it surprised the media men who attended the press conference. At first, journalists were under the impression that Badar Munir, central leader of PTI, misquoted the figure. However, they were taken as surprise when the senior leader insisted that PTI has various plans at hand to create 10 million jobs in case if they were given mandate to run business of country for five years. Pakistan Tehreek-e-Insaf (PTI) on Monday unveiled its nine-point Industrial Policy, vowing to revive the industry by restoring confidence of investors and to create 10 million new jobs for youth by shifting the focus towards skill development of the people.Addressing the media men and party workers, PTI Chairman Imran Khan said that the country will no longer be in need of any foreign aid if voted to power as the main focus of the PTI would be on development of human development and to eradicate corruption from the country.“Poverty has been increasing in the country due to rising corruption and the only solution to control inflation in the country is to eliminate corruption and to take action against those involved in corrupt practices. We will ensure the supremacy of law after coming into power and PTI will not use the army against the public,” said PTI Chief, adding that poor law and order situation had compelled the investors to stop businesses in Pakistan. “How can the investor come in the country where cricketers are not ready to play,” argued Imran Khan.He added that his party would also depoliticise the bureaucracy and would get rid of corruption culture as these had a direct link with the inflation and poverty.“The country can be made richer by recovering public money from foreign countries which some corrupt leaders has kept in off-shore accounts there,” he said, adding that such step would be taken by PTI as this can only be done by those who have all their assets in their own country.Imran Khan made it clear and loud once again that his party has capability to maintain rule of law in Pakistan just in 90 days.“Only those who are corrupt themselves cannot remove corruption from the country in duration of 90 days,” he said while making it clear that all the policies and decisions announced by the PTI were doable.Addressing the participants including media and party workers PTI Chairman Imran Khan said there was a plenty of talent in country, however, lack of infrastructure and institutes to empower the youth with skills, talent was being wasted. Unveiling PTI’s Industrial policy Imran said that the PTI has committed to eliminating the electricity & gas shortages within its first term in office by resolving circular debt through moving to lower cost generation and reduction of line losses. “Fast-track gas import and ensure equitable rationing of resources until new gas supply arrives. Provinces will have to play their role in developing indigenous energy resources and making Pakistan an Energy Secure state,” added the PTI leader.PTI senior leaders including Jahangir Khan Tareen, Naeem-ul-Haq, Ayla Malik, Dr Israr Shah and others were present on the occasion.While announcing the policy, Dr Asad Umar said that the government needs to take proactive measures to boost investor confidence by effective measures, adding that the rent seeking and corruption needs to be checked and alternative dispute resolution mechanism developed to speed up contract enforcement.“PTI Economic Policy has committed to reducing fiscal deficit to 4.5 per cent of GDP, thus creating space for banks to lend to the industry & SMEs. We will set up specialized financial institutions to raise long term capital for industry by focusing on developing vibrant debt & capital markets to fund investment spending,” said PTI leader. PTI will allocate land for special economic zones around every major urban center to develop industries based on natural resource endowment, he said.He said that PTI Skills Development strategy aims to scale up technical skills enrollment to 2 million workers - from less than 0.3 million today. “Technical skills for workers will not only boost individual income generation capacity but the productivity of the industry,” he added.

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