Political stability, continued policies guarantee economic uplift: Ahsan
LAHORE— Federal Minister for Planning, Development and Reforms, Prof. Ahsan Iqbal has said that political stability, continuation in policies and promotion of science and technology would definitely turn Pakistan into strong economy.
He was addressing the Engineer’s Day function organized by Institution of Engineers Pakistan ( IEP) here at Expo Centre, where the IEP President Engineer Muhammad Ashraf Sheikh, Pakistan Engineering Council ( PEC) Chairman Engineer Javed Saleem Qureshi and Orgnizer Jawad Haider Gillani were prominent among a large gathering of engineers.
Ahsan Iqbal said that at present, Pakistan was direly needed political stability and continuation in policies, and those, who were attempting to shatter political stability of the country were not well- wishers of Pakistan and the nation. APP
He said that today, Pakistan is all set to take- off economically but she needed the support and contribution of entire nation especially the engineers’ fraternity.
He said that negative politics by some parties was tantamount to disrupt its economic revival and discourage the foreign investors wanting to put their money in Pakistan.
The Federal Minister said that Pakistan had a golden chance to benefits from China Pakistan Economic Corridor ( CPEC) as well as from investment and economic opportunities being offered by China under this mega project. Pakistan was now on way to economic development, he said, citing, “We need political stability and continuity of the right set of economic policies to turn Pakistan into a bigger and vibrant economy”.
The Federal Minister said that Pakistan Muslim League- Nawaz ( PMLN) government was taking concrete steps for infrastructural and social development by executing all important projects of all the sectors especially the energy.
In 2013, he said, all the international institutions had been considering Pakistan as the most dangerous country for investment, but today, the same institutions were saying that Pakistan was now seventh out of the eight world’s fast developing economies.
He asserted that foreign investors were now eying economic and investment opportunities in Pakistan due to right set of economic policies as well as incentives offered by the present government.
Three years ago, he mentioned, there was 18 to 20 hours load- shedding, which the present government reduced it to 6 to 8 hours only, citing that PML- N government took energy crisis as a challenge and had since its formation been mobililizing all available resources including hydel, coal, bio- gas, bia- mass, solar and wind, to end energy crisis.
Besides, initiating practical work on the mega hydel projects of DiamirBhasha Dam and Dasu Dam, he added, the Thar coal reserviors were for the first time being explored and 6600MW coal power would be available in the system in next 10 years, while the transmission lines were also being renovated and new ones were stretched across Pakistan to transmit the increased quantum of electricity to respective grids.
Ahsan Iqbal said Pakistan’s foreign exchange reserves have now reached up to USD 21 billion from mere USD 10 billion, stock markets are shooting up, while peace returned to Kararchi and Balochistan.
He said that China is now making billions of dollar investment in Pakistan under the CPEC and investors from other countries are also spending their money on various projects in Pakistan, which is the clear manifestation of their confidence in the government’s viable and economic/ business- friendly policies.