salman nedian
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Pakistan is a country of more than160 million people, the sixth largest in the world. Since over 100 million are below the age of 25. This demographic dividend will help ensure unprecedented growth and create a rapidly expanding middle class we are projecting the doubling of our per capita income in the next 8-10 years. To make this possible, we are investing in higher education as well as technical and vocational training. Our objective is to build a knowledge-based economy.
Pakistan is also blessed with abundant natural resources. With a vast network of rivers and canals as well as fertile land, we have the potential to substantially increase our agricultural productivity and promote our agri business sector. We envisage sustained agricultural growth of 4 to 5% per annum as a result of policies involving market based pricing, scientific and technical methods for enhancing productivity, improving the rural infrastructure, promoting value addition, focusing on high value products, improved water storage and usage and encouraging foreign and domestic investment in development of the agri business sector. Similarly, we are making strenuous efforts to fully exploit the countrys mineral wealth. Several multi-national corporations are now engaged in exploration and drilling for our already established oil and gas reserves. We are also mining our coal, copper and gemstones apart from onyx, gypsum and other minerals
Our double-digit manufacturing growth rates will lead Pakistan to emerge as a major manufacturing hub for quality goods ranging from textiles to engineering, consumer durables to pharmaceuticals, chemicals to hi-tech products at internationally competitive prices.
Pakistans strategic location at the crossroads of South Asia, Central Asia, West Asia and China is another asset and we fully intend to exploit this competitive advantage. Pakistan can serve as the hub for multiple corridors of cooperation in the region including trade, transportation, tourism, energy and manufacturing. To fully exploit our pivotal position, we are creating the necessary infrastructure through opening up the third port of Gwadar on the Arabian Sea coast and establishing a road and rail network connecting these major ports to Central Asia and Western China. We are also negotiating setting up of oil and gas pipelines as well as electricity grids to bring Central Asian energy to the rest of the region. These will become major growth drivers for the regional economies. Pakistan would also emerge as the preferred conduit for the oil and gas as well as goods and services needed by growing Western China. As a result, our goal of developing Pakistan into a regional powerhouse and position it as an economic lynch pin of the region is now eminently achievable.
The financial institutions of the country are now primarily owned and managed by the private sector. Several multinational financial and banking institutions have invested in Pakistan and this trend is growing. This sector is leading the way in innovation and modernization of the economy. We are keen that our banking system connects with the regional economies to channel investments into Pakistan in diverse sectors of the economy. To boost industrial growth and Foreign Direct Investment, we have taken measures to provide a hassle free environment. Modern industrial parks, special economic zones, free trade and warehousing zones are also being created with the requisite infrastructure facilities including communications and connectivity. We are rationalizing and reducing the number of taxes, creating a tax system that encourages investment and thereby promoting employment. Our labour laws and arcane regulations that stifled entrepreneurship in the past has been changed and we have substantially reduced the cost of doing business in Pakistan. Our motto is that it is not the business of government to be in business.
With the growth of our economy, there is an increasing need to upgrade and enhance our infrastructure including the communication systems such as electronic, road, rail, sea and air networks. Progress in this direction is already underway including implementation of the 5 billion dollars North-South trade project. Construction activity is also at an all time high with the development of new hotels, commercial properties and housing projects. The urban retail and wholesale markets and supply chains are being modernized as well. As a result of growth, Pakistans energy requirements are increasing at double-digit rates. To meet this growing demand, we plan to undertake construction of five mega dams on the Indus river, which will not only help to expand our cultivable area but also provide much needed hydro power. At the same time, we are increasing exploitation of our new domestic energy reserves, developing thermal, hydel and nuclear power projects as well as utilizing alternative sources of energy. Setting up of electricity grids and gas pipelines from our neighbouring energy rich countries such as Iran, Tajikistan and Turkmenistan are being undertaken as well.
Source: Privatisation Commission
Its a matter of no interest that you accept Pakistans importance or not. No sensible individual can deny the importance of Pakistan.
Pakistan is also blessed with abundant natural resources. With a vast network of rivers and canals as well as fertile land, we have the potential to substantially increase our agricultural productivity and promote our agri business sector. We envisage sustained agricultural growth of 4 to 5% per annum as a result of policies involving market based pricing, scientific and technical methods for enhancing productivity, improving the rural infrastructure, promoting value addition, focusing on high value products, improved water storage and usage and encouraging foreign and domestic investment in development of the agri business sector. Similarly, we are making strenuous efforts to fully exploit the countrys mineral wealth. Several multi-national corporations are now engaged in exploration and drilling for our already established oil and gas reserves. We are also mining our coal, copper and gemstones apart from onyx, gypsum and other minerals
Our double-digit manufacturing growth rates will lead Pakistan to emerge as a major manufacturing hub for quality goods ranging from textiles to engineering, consumer durables to pharmaceuticals, chemicals to hi-tech products at internationally competitive prices.
Pakistans strategic location at the crossroads of South Asia, Central Asia, West Asia and China is another asset and we fully intend to exploit this competitive advantage. Pakistan can serve as the hub for multiple corridors of cooperation in the region including trade, transportation, tourism, energy and manufacturing. To fully exploit our pivotal position, we are creating the necessary infrastructure through opening up the third port of Gwadar on the Arabian Sea coast and establishing a road and rail network connecting these major ports to Central Asia and Western China. We are also negotiating setting up of oil and gas pipelines as well as electricity grids to bring Central Asian energy to the rest of the region. These will become major growth drivers for the regional economies. Pakistan would also emerge as the preferred conduit for the oil and gas as well as goods and services needed by growing Western China. As a result, our goal of developing Pakistan into a regional powerhouse and position it as an economic lynch pin of the region is now eminently achievable.
The financial institutions of the country are now primarily owned and managed by the private sector. Several multinational financial and banking institutions have invested in Pakistan and this trend is growing. This sector is leading the way in innovation and modernization of the economy. We are keen that our banking system connects with the regional economies to channel investments into Pakistan in diverse sectors of the economy. To boost industrial growth and Foreign Direct Investment, we have taken measures to provide a hassle free environment. Modern industrial parks, special economic zones, free trade and warehousing zones are also being created with the requisite infrastructure facilities including communications and connectivity. We are rationalizing and reducing the number of taxes, creating a tax system that encourages investment and thereby promoting employment. Our labour laws and arcane regulations that stifled entrepreneurship in the past has been changed and we have substantially reduced the cost of doing business in Pakistan. Our motto is that it is not the business of government to be in business.
With the growth of our economy, there is an increasing need to upgrade and enhance our infrastructure including the communication systems such as electronic, road, rail, sea and air networks. Progress in this direction is already underway including implementation of the 5 billion dollars North-South trade project. Construction activity is also at an all time high with the development of new hotels, commercial properties and housing projects. The urban retail and wholesale markets and supply chains are being modernized as well. As a result of growth, Pakistans energy requirements are increasing at double-digit rates. To meet this growing demand, we plan to undertake construction of five mega dams on the Indus river, which will not only help to expand our cultivable area but also provide much needed hydro power. At the same time, we are increasing exploitation of our new domestic energy reserves, developing thermal, hydel and nuclear power projects as well as utilizing alternative sources of energy. Setting up of electricity grids and gas pipelines from our neighbouring energy rich countries such as Iran, Tajikistan and Turkmenistan are being undertaken as well.
Source: Privatisation Commission
Its a matter of no interest that you accept Pakistans importance or not. No sensible individual can deny the importance of Pakistan.
and the people in the audience were laughing and hooting.... and the stuff said for the christians and the sikhs was also pathetic.... 
