Pak among world’s fastest growing economies: PM


Presence of all CMs in China sent positive message to world

Sarwar Awan/
Sophia Siddiqui


Prime Minister Muhammad Nawaz Sharif Friday said his government was pursuing a people-centric approach for development and has increased provincial share in Public Sector Development Programme 2017-18, which was three times more as compared to Financial Year 2012-13.
The Prime Minister was chairing National Economic Council meeting, attended by Prime Minister of AJK, Governor KP, Chief Ministers of Punjab, Sindh, Khyber Pakhtunkhwa, Balochistan besides the Chief Minister of Gilgit Baltistan, Federal and Provincial Ministers here Friday.
Prime Minister Nawaz Sharif said Pakistan is now among the fastest growing economies of the world.
The Prime Minister approved development budget of Rs 2,113 billion for the fiscal year 2017-18. The meeting of National Economic Council gave a nod to the summary that recommended the federation to spend Rs 1,001 billion while the provinces to spend Rs 1,112 billion in the upcoming financial year on development projects.
Addressing the participants, Nawaz Sharif said that the government had shifted its entire focus to energy projects to overcome the crisis and urged the political parties to not let the development get derailed by politics.
“During Belt and Road Forum at China all the Chief Ministers accompanied me and the world saw that Pakistan unanimously stands for development and it was a very positive message that we are united,” the Prime Minister stated.
Nawaz Sharif said that federal and provincial governments were working in harmony for the development of the country.
He said Pakistan’s economic indicators have significantly improved and this is acknowledged by international financial rating institutions.
He said the GDP growth rate of 5.28% for the current financial year is commendable. Pakistan is now among fastest growing economies, he added.
The Prime Minister informed the participants of the meeting that China-Pakistan Economic Corridor projects are on fast track.
He said not only power supply is priority of the Government but it is providing affordable power supply for consumers.
He said the government is also focusing on a balanced mix of sources for energy including LNG, Coal, Hydel, Solar and Wind.
Describing infrastructure as key to development, Nawaz Sharif said the Government is concentrating on roads and communication networks.
He noted that the present government has increased the provincial share in Public Sector Development Programme for the next financial year three times more as compared to 2012-13. FATA, Azad Kashmir and Gilgit-Baltistan are as important to Federal Government as all other provinces.
The Premier said development should not be politicized as it is for prosperity of every citizen of the country.
“We are focusing on Energy projects. Not only power supply is our priority but we are providing affordable power supply for consumers,” the Prime Minister said.
The NEC meeting also gave consent to set the growth rate at 6 percent of the GDP for the next fiscal year. He said rural development projects in health, education and other social sectors were being given special attention.