Prime Minister Dr Mahathir Mohamad today said Putrajaya's Shared Prosperity Vision 2030 will fix the wrongs of the New Economic Policy.

"For instance, (there is a) habit of selling licenses, contracts, (import) permits and the like.

"This can no longer be practised. Those who do so (will have their privileges) withdrawn," said Mahathir.

Mahathir said this in what appeared to be the maiden episode of his "Apa Nak Tanya?" (What's your question?) video series uploaded on his YouTube account.

The description for the video said that the questions were collected from his Instagram followers.

On SPV2030, Instagram user asraf_ahmad had asked, "How will you ensure SPV2030 does not meet the same fate as Vision 2020?".

Vision 2020 was conceived in 1991 with an aim of propelling Malaysia to developed nation status by 2020, driven primarily by technology and human capital development.

As for SPV2030, its goals are for Malaysia to reach a high-income nation status by 2030 through a restructuring of the economy.

To another question, Mahathir advised young people to acquire knowledge on business and finance.

"I would urge young people to acquire as much knowledge about finance and business as possible to enable themselves to handle and manage businesses," he said.

This was his response to Instgram user nasmi.akabar who asked what 30 to 40-year-olds should do in order to face the economy over the next five years.