Korangi Association of Trade and Industry (KATI) Patron-in-Chief SM Muneer and President Saleem-uz-Zaman congratulated Prime Minister Imran Khan on completing three years of his government.

SM Muneer said that the Prime Minister had informed in his speech that the foreign exchange reserves had crossed the 27 billion dollars mark for the first time, IT exports exceeded 2 billion dollars, proving that timely steps taken by Prime Minister Imran Khan and his team to revive the economy are yielding positive results.

He said that despite the global economic crisis in the outbreak of the Coronavirus epidemic, the achievements of the government were commendable and the same government initiatives were appreciated at the international level which is a matter of pride for the country.

SM Muneer said that after a long time, Pakistan has got a leader whose vision is to make Pakistan a developed country, to serve the people, and to be loyal to the country and the nation, which is why the people have expressed full confidence in him.

He hoped that the government would be able to take the country on the path of development by solving the problems of the industry with a better strategy just as it had rescued the country from the economic crisis.

All indicators of the economy are encouraging, but at the same time we are facing several challenges, including the region’s highest production cost, instability in the value of the dollar, rising electricity, gas, and petroleum products,” said KATI President Saleem-uz-Zaman. Prices and the current rate of inflation in the country are creating problems for the people and the industry, he added.

He said that the government should take immediate steps to reduce inflation and cost of production so that positive economic indicators do not prove to be temporary but continue permanently.