Pak­istan’s in­vest­ment pro­file im­proved due to CPEC: Ah­san

The Pak Banker - - NATIONAL -

Fed­eral Min­is­ter Plan­ning, De­vel­op­ment and Re­form Ah­san Iqbal on Thurs­day said, Pak­istan's pro­file im­proved enor­mously in terms of in­vest­ment desti­na­tion be­cause of China-Pak­istan Eco­nomic Cor­ri­dor (CPEC) cou­pled with the im­proved eco­nomic in­di­ca­tors and law & or­der sit­u­a­tion across the coun­try.

Un­der Vi­sion-2025, we are re­struc­tur­ing port­fo­lio of our pro­duc­tive sec­tors on clus­ter-based ap­proach to trans­form agri­cul­ture, in­dus­try and min­eral sec­tors. Min­is­ter Plan­ning & De­vel­op­ment stated this in a meet­ing with a del­e­ga­tion of Abraaj Group, which called on him at the min­istry's of­fice. He de­scribed Pak­istan as an at­trac­tive in­vest­ment desti­na­tion with launch of CPEC and said that Pak­istan's per­cep­tion has changed dras­ti­cally in 2015 from 2013 when coun­try was la­belled as the most dan­ger­ous in the world.

"The world now rec­og­nizes Pak­istan as next emerg­ing suc­cess story". Ah­san Iqbal said that coun­try now needs to cap­i­tal­ize the changed per­cep­tion of coun­try in the world. For it, present govern­ment is launch­ing "Brand Pak­istan" cam­paign to re­move the coun­try's mis­con­cep­tions in the world. We have also de­clared 2016 as year of "Pro­duc­tiv­ity, Qual­ity & In­no­va­tion" for achiev­ing com­pet­i­tive­ness in the in­ter­na­tional mar­ket.

Ah­san Iqbal main­tained that we are mo­bi­liz­ing the in­dige­nous re­sources to de­velop an ex­port thrust for the econ­omy. Min­is­ter also high­lighted Vi­sion2025, which lays out a roadmap for tak­ing the coun­try into top twenty five eco­nomic of the world by 2025. "The tar­get is am­bi­tious but achiev­able if govern­ment, pri­vate sec­tor and academia syn­er­gize their ef­forts to achieve to eight per­cent growth rate an­nu­ally in next ten year", he stated. Ah­san Iqbal said that govern­ment val­ues Pak­istani di­as­pora's con­tri­bu­tion in de­vel­op­ment of en­ergy sec­tor in Pak­istan.

He said K-Elec­tric - sub­sidiary by Abraaj Group - has ex­pe­ri­ence in re­form of trans­mis­sion and dis­tri­bu­tion of sys­tem of elec­tric­ity in Karachi and said that learn­ing should be shared across en­ergy sec­tor. Around 10,000 MGW of elec­tric­ity would be added in the na­tional grid by 2018. This ad­di­tional power can be sup­plied only through timely upgra­da­tion of trans­mis­sion and dis­tri­bu­tion sys­tem by 2018. He pro­posed KElec­tric to or­ga­nize a sem­i­nar by invit­ing CEOs of all Dis­cos to dis­cuss the chal­lenges in up­grad­ing trans­mis­sion and dis­tri­bu­tion sys­tem and the way for­ward in this re­gard.

Min­is­ter also sought

the

help

of Abraaj Group for in­sti­tu­tion­al­iz­ing con­tri­bu­tion by the best hu­man re­source of the coun­try liv­ing abroad in the eco­nomic de­vel­op­ment through shar­ing their ex­per­tise and ex­pe­ri­ences. Plan­ning Com­mis­sion has adopted a par­tic­i­pa­tory pan­ning ap­proach to pro­vide pri­vate sec­tor and di­as­pora an op­por­tu­nity to play their role in shap­ing fu­ture of Pak­istan.

Mean­while, Fed­eral Min­is­ter Plan­ning, De­vel­op­ment & Re­form Ah­san Iqbal said that govern­ment places hu­man re­source de­vel­op­ment on pri­or­ity and will launch a na­tional level en­rol­ment cam­paign this year to en­sure hun­dred per­cent en­rol­ment of school-go­ing chil­dren by 2018. Prime Min­is­ter and all Chief Min­is­ters will lead this cam­paign to show strong com­mit­ment to the education. He stated this while talk­ing to Ms. Joanna Reid, Head of Depart­ment for In­ter­na­tional De­vel­op­ment (DFID) Pak­istan, who called on him at Min­istry of Plan­ning, De­vel­op­ment & Re­form.

Ah­san Iqbal ap­pre­ci­ated the con­tri­bu­tion of DFID in education and gov­er­nance fields of Pak­istan and held the view that coun­try would wel­come more DFID's con­tri­bu­tions in th­ese fields in fu­ture. He said that education is part of its 4Es pledged in PML-N man­i­festo, which in­cludes education, en­ergy, econ­omy and fight­ing ex­trem­ism.

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