KOTRI - President Mamnoon Hussain Saturday underlined the need to uproot corrupt elements from the system to ensure rapid development and progress in the country.

The president said the journey of national progress was satisfactory till 1970s, but, later, the pace of development was stunted because of corruption.

The president observed the country had no shortage of talented and capable people, but corruption and favoritism affected the performance.

He was addressing a ceremony of Kotri Association of Trade and Industry here. Sindh Minister for Industry Muhammad Ali Malkani and others were also present on the occasion, said a press release.

President Mamnoon said investors should benefit from the tremendous investment opportunities offered by Pakistan. He stressed it was also responsibility of trade organisations to guide the investors. “In this way, our products would also meet the standard requirement for exports and we would be able to get success in international markets,” he added. President Mamnoon called upon traders and industrialists to explore new markets for enhancing the country’s exports so that foreign exchange could further increase.

He also called for making concerted efforts to attain national goal of collective development. The president said Gwadar deep seaport would be functional this year and a modern airport would also be built there. He lamented that no other water reservoirs were constructed after the issue of Kalabagh Dam became contentious which rendered great loss to the country, adding now these mistakes had been rectified and new dams were being constructed.

The president asserted the process of eradicating the scourge of terrorism was continuing with full political commitment, which was producing positive results and providing environment conducive for business and industrial activities. Due to certain problems in the past, he said business environment in the country was affected and the national economy suffered, but the government devised comprehensive strategy and took bold steps as a result of which the curse of terrorism has been controlled to great extent.

 The president said, “National Action Plan was formulated with the backing of the whole nation which was being implemented effectively.”

He said it was a big success of the government that entrepreneurs and traders were satisfied with the law and order situation in the country.

The president said work on power generation projects was continuing under the China-Pakistan Economic Corridor and hoped the issue of loadshedding would be resolved by the year 2018.

He said industrial zone of Kotri was playing an important role in national progress. He commended the industrial areas of Kotri, which were generating electricity, and assured of his support in resolving cost of electricity issues with Nepra.

On the occasion, business community of Kotri apprised the president of their issues and he assured them of his cooperation in resolving their issues.  The president also distributed awards among industrialists and prominent personalities.