Industrialization gains momentum in Pakistan: PM

FAISALABAD: Prime Minister Shahid Khaqan Abbasi addressing the members of Faisalabad Chamber of Commerce and Industry at Faisalabad Industrial State, here Wednesday. - APP photo

Opens Hyundai Nishat vehicle assembly plant in Faisalabad;

Will complete term, election to be held as scheduled next year

FAISALABAD: Prime Minister Shahid Khaqan Abbasi has categorically stated the PML-N government will complete its term and general election will be held on July 15 next year.     

He was addressing the ground-breaking ceremony of Hyundai car plant in Faisalabad Wednesday.

The car assembly plant is a joint venture of Nishat Mills Limited and Hyundai Motor Corporation of South Korea.

The joint venture will produce Hyundai passenger cars and 1-ton range commercial vehicles in Pakistan.

Addressing the members of the Faisalabad Chamber of Commerce & Industry (FCCI) soon after performing the groundbreaking ceremony of car assembly plant of Hyundai Nishat Motor (Pvt) Ltd in M-3 Industrial city near here, he said the government had fulfilled its commitment to overcome 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 ensured continuous supply of gas and electricity.

"We are now concentrating to make energy affordable for industry" he said adding its cost had been increased due to ill-conceived policies of previous governments.

He said the government would facilitate the private sector by providing them best possible infrastructure in the shape of state-of-the-art industrial estates, motorways, etc.

Prime Minister Shahid Khaqan Abbasi has said that the government will complete the ruling term of five years and election will be held as scheduled next year.

The PM further claimed that the results of PML-N's positive policies are evident in the country and that people will decide who they want to be ruled by in the next elections while expressing confidence that PML-N will again achieve public mandate. On the other hand, he thanked Hyundai and Nishat group for their investment in the country and citing the example of gas terminals establishment, added that privatization works well for Pakistan which attracts private investment.-NNI