Ahsan Iqbal: No confrontation among institutions

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‘Particular lobby’ constructing narrative to provoke unconstitutional acts; Loans taken for production, not for enjoyment
Lahore

Interior Minister Ahsan Iqbal on Saturday said that a particular lobby is hell-bent on constructing a narrative to provoke unconstitutional acts in the country “so that they get their jobs back”.
Speaking to media men after attending International Business Conference and Exhibition here at Expo Centre, the minister denied there is any conflict among the institutions and said that there is a “troika of failed politicians, retired generals, and TV talk show hosts” which makes claims about political and economic stability in the country everyday on TV.
Ahsan Iqbal further said that the debt to GDP ratio was balanced in the country. Loans had been taken for production and not for enjoyment, he added. Citing a World bank report, the interior minister said that the country’s economy has hit a 10-year high.
We have restored an honour for a five-year-term in the country, Ahsan Iqbal said, adding the democracy is stable.
“They [armed forces] are our front line, and we have the utmost respect for all of the institutions that are protecting our motherland,” Iqbal said.
Ahsan Iqbal said that the CPEC project and the Operation Radd-ul-Fasaad had been launched for better economy and peace.
The Minister ruled out any confrontation among state institutions, saying some people wanted to create misgivings to propel their political agenda.
Ahsan Iqbal said the country’s economy had suffered a lot owing to political developments in the past four years. The Panama Papers scandal inflicted a loss of around 40 billion dollars on stock market, the minister claimed.
The country’s economy had collapsed in year 2013 when no one was ready to invest in Pakistan, but now it was making progress, the Interior Minister said and hoped if it continues to progress at the current pace, the country would be among the world’s twenty largest economies by 2025.
All economic indicators were showing positive improvements, he further said.
Consistency in economic policies was indispensable for the progress of the country, he said while predicting that Asia would make up 50 percent of the world economy by 2025.
Without stability and peace, development was not possible, Ahsan Iqbal further said.
Earlier, the minister addressed at the inaugural session of 2nd International Business Conference and Exhibition. He said that perpetrators of doom and gloom were not sincere with Pakistan.
He said that while international institutions were giving credit to Pakistan for economic reforms and progress, it is unfortunate that some talk shows were portraying a negative picture of the country. He said productivity, quality and innovation are the core conditions of competitiveness of an economy and drivers of economic growth and development.
He said that there is dire need to develop a synergy between academia and industrial sector to achieve the objectives of innovation and entrepreneurship. The Interior Minister emphasized adapt to the changing conditions around the world.
He said that Pakistan’s economy has improved due to efforts of the government and the ongoing energy crisis is going to end soon.

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