‘Pakistan poised to rank among 25 big economies by 2025’

LAHORE: Minister for Planning, Development and Reforms Ahsan Iqbal on Saturday said that efforts were afoot under Vision 2025 for making Pakistan 25th largest economy of the world in next ten years. Addressing the three-day Pakistan Coating Show at Expo Centre, he viewed that export sector have the key to achieve this goal and private sector’s role was very crucial for expansion of exports.
He cited private sector is the key for progresses and without its active participation all the economic development projects will remain incomplete. The minister said the China-Pakistan Economic Corridor (CPEC) project was a splendid gift and its successful completion could make Pakistan’s development irreversible.
Ahsan said the prime minister already declared that CPEC is the project of the entire nation and assured that people of all the provinces would benefit from projects under the CPEC. He assured that KP and Baloshitan would not be deprived of the fruits of the CPEC projects, which would be game-changer and transform Pakistan into an economic hub for Afghanistan, Central Asian states and China.

He said 2016 had been declared as year of productivity, quality and innovation and a comprehensive awareness campaign would be launched with focus on these three factors. He called upon the industrial sector to study the local and global markets. Businesses have no finish line and only those can drill out their way in the competitive market, which focus on market and lead driven studies entailing thorough research and innovation, besides ensuring consumers relationship management, he remarked.

He also hinted at establishment of such institutions, which would cater to the needs of industrial sector regarding research and innovation. He added that an international brand conference would also be arranged to highlight its importance, as the brand was vital to find a niche in the markets world over.

Pakistani merchandises had not only to compete in the local but also in the international market, as the 20th century was of mere slogans, but 21st century was of economic ideology and only that country could advance at global level that had economic development vision, he asserted.

“The nation must get ready and united for economic uplift of Pakistan having largest population of youth, which can become a great demographic dividend for us by equipping them with education and skills,” he remarked. Pakistan had not good image abroad in the past due to her existence in the war zone as well as the previous governments had not any vision for progress, but in two last years, Pakistan turned into a peaceful state under the dynamic and able leadership of Prime Minister Nawaz Sharif, he claimed.



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