Federal Minister for Planning, Development and Special Initiatives Engr. Prof. Ahsan Iqbal said on Saturday that present coalition government has again turned the country’s economy towards rehabilitation by taking difficult decisions and laid the foundation of economic recovery and those who had jeopardized the economy should scare of the elections.
Talking to media after addressing as chief guest the Lifetime Achievement National Engineering Excellence Award ceremony organized in his honour by Institution of Engineers Pakistan (IEP) at a local hotel, he said, “We have the pride to save the country from default. I am sure the nation will vote for those who ensured continuation of Pakistan’s economic recovery policies.” He added that coalition government would quit on completion of its constitutional term, and after that a caretaker government would be at the helm of affairs, asserting that Election Commission of Pakistan would conduct the general election in the country so that a new elected government come soon. The country would definitely go towards real democracy as authority rested with the people.
Prof. Ahsan Iqbal said that country’s economy could never be strengthened and development could not be ensured unless the loss making public entities were privatized and the power sector’s circular debt was terminated.
Earlier addressing the ceremony, he said that government had been focusing on five Es i.e. Environment, Energy, Economy, Equity and Empowerment, adding that Pakistan has a big population of youth and women, and effective steps were being taken for their empowerment. “Our youth can play a pivotal role in the IT sector that is in great demand in the world. We are also making the IT sector as a source of women empowerment,” he maintained.
The planning minister said that present government has recently established Special Investment Facilitation Council (SIFC) aimed at strengthening trade and economic relations with Gulf States just as the CPEC (China-Pakistan Economic Corridor) had established and improved our economic ties with China. Under the CPEC, the Chinese President during his visit to Pakistan in April 2015 had signed agreements worth US $ 46 billion investment in various sector.
In Pakistan’s history, there had never been a record development work in five years as much as in PML-N government during 2013-2018, he said, adding that out of US $ 46 billion CPEC projects, the then N-League government had materialized US $ 25 billion projects thus attracting the world, which had earlier been reluctant to invest in Pakistan, attention and many countries had shown their keen interest to invest in Pakistan under the CPECP.—APP
