Po­lit­i­cal sta­bil­ity, con­tin­ued poli­cies guar­an­tee eco­nomic up­lift: Ah­san

Pakistan Observer - - LAHORE CITY - CITY REPORTER

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.

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