Government to ensure merit-based business friendly environment: Prime Minister

Prime Minister Muhammad Nawaz Sharif on Tuesday reiterated his government's resolve to ensure a merit-based business friendly environment in the country. "We have a liberal approach towards economy and as a government, our earnest efforts for ensuring transparency, competitiveness and giving an enhanced role to private sector in national economy are eminently clear from our performance", the Prime Minister said in a meeting with Dominic Barton, Global Managing Director McKinsey here at the PM House.
Prime Minister Sharif said the pace of work in implementation of projects was necessary as slow execution would hamper the overall progress and development initiatives of the government. About the economic situation in Pakistan, Dominic Barton said that Pakistan has witnessed an amazing economic turnaround by pursuing practical economic policies during the last two years. "China Pakistan Economic Corridor (CPEC) is internationally viewed as a vital project which is destined to unlock the economic growth in Pakistan, as well as the entire region", observed the Managing Director McKinsey.
The Prime Minister said the government was engaged in pursuing the economic reforms agenda with special focus on achieving self-sufficiency in energy and infrastructure development in Pakistan. Appreciating the economic growth achieved by the present government, Dominic Barton said that energy sector, infrastructure development and attracting investments were the rightly prioritised areas of the government. "We are ready to extend our assistance to the government in reducing line losses in the transmission lines", said Barton. Ishaq Dar, Minister for Finance and other senior government officials were present during the meeting.