Pakistan should learn from China for economic development: Ahsan Iqbal

Business Dec, 31 2022
Pakistan should learn from China for economic development: Ahsan Iqbal
  • 171
  • 0

ISLAMABAD: Minister for Planning Development and Special Initiatives Professor Ahsan Iqbal said Pakistan should learn from China for economic and technological development.

To ensure economic development, country should have peaceful environment adding “We must first ensure political stability, continuity of policies and social solidarity because economic development does not take place in an atmosphere of conflict and polarisation.

Addressing award ceremony held in recognition of outstanding Pakistani staff of CPEC projects 2022 at Chinese Embassy here he said that everyone thought that CPEC is an impossible mission. But people on ground made it possible, which is remarkable.

Highlighting friendship bond between Pakistan and China, he said that changes in world affairs have also brought changes in relationships. World orders bring countries together and world order changes. Countries’ friendships also drift apart.

He said that Pakistan and China friendship has defied all rules of international affairs and diplomacy.

There are no two countries that have phrases like iron brothers, he added. All these phrases describe depth and strength of Pakistan-China friendship and brotherhood.

He said that purpose of CPEC was not to advance China’s business interests. Purpose of CPEC was to help Pakistan which was close strategic partner, to improve its economy and bring Pakistan’s economy from an agricultural structure into an industrial structure.

Ambassador of China to Pakistan Nong Rong addressing award winners said that in 2022, against challenge of global economic downturn and historical floods in Pakistan, CPEC projects have made good progress.

During this year, CPEC has always been highlight of our bilateral relations. On November 2, President Xi Jinping met with Prime Minister Shehbaz Sharif on his official visit to China. “Our two sides are committed to making full use of JCC of CPEC, advancing CPEC with greater efficiency and making CPEC an exemplar of high-quality Belt and Road cooperation”, he added. Ambassador added that series of good news are coming from different sectors under CPEC umbrella.

This is just portrayal of great potential of agricultural cooperation between our two countries. Pakistan’s trade surplus of agricultural products for year 2021 enjoyed an increase of 13 times. This year is expected to exceed record high of $ 1 billion.

So far, CPEC has created 192,000 jobs, 6000MW of power supply and 510 km of highway and 886 km of transmission line, which laid solid foundation for Pakistan’s socio-economic development.

He informed that recently, China adjusted its Covid prevention and control policies, which include removal of measures to control number of international flights and restoration of people-to-people exchanges for business and study.

It is hoped that Chinese and Pakistani staff will cherish opportunity, contribute to construction of CPEC with practical actions and continue to consolidate iron friendship between China and Pakistan, he concluded.

Published in The Daily National Courier, December, 31 2022

Like Business on Facebook, follow @DailyNCourier on Twitter to stay informed and join in the conversation.

Our Correspondent
Our Correspondent https://www.dailynationalcourier.com/author/our-correspondent
Daily National Courier is a leading morning English newspaper of twelve pages covering all international and national political developments on 24/7 basis.

NC Big Stories

Army Chief reiterates resolve to thwart nefarious designs of inimical elements

PESHAWAR: Amid rising terror incidents in Pakistan, Chief of Army Staff (COAS) General Asim Munir yesterday reiterated the army’s firm resolve to eradicate the illegal spectrum undermining national security, a statement from the military’...

PM Shehbaz forms panel to end PPP-PML-N rift

ISLAMABAD: Following PPP Chairman Bilawal Bhutto Zardari’s complaints against the incumbent government, Prime Minister Shehbaz Sharif has constituted a committee to resolve the issues between Pakistan Muslim League-Nawaz (PML-N) and Pakistan Pe...

Federal Ombudsman chairs 'open court' in District Central

KARACHI: An open court was held at the Deputy Commissioner's Office, Central Karachi, under the chairmanship of Federal Ombudsman Syed Anwar Haider. Deputy Commissioner Central Taha Saleem, Additional Deputy Commissioners Asim Siddiqui and Dr. Saira...

Hina Bayat discusses rising divorce rates

Hina Bayat Khawaja is one of Pakistan’s most beloved and versatile actresses, known for her insightful opinions and candid approach to life. Having enjoyed a successful career, she is highly regarded, and her views carry significant weight. Hin...

More like this
Related

Rohde & Schwarz Pakistan concludes day 01 of IDEAS 2024 on a positive note

KARACHI: 12th edition of IDEAS 2024 got underway today i.e. 19th November 2024 at Kashmir Hall, Karachi Expo Centre, Karachi. inauguration ceremony was a grand affair attended delegates, exhibitors, senior members of armed forces and selected members...

Gold prices hit one-week high

KARACHI: Gold prices continued their upward momentum on Wednesday, marking a one-week high as investors sought the safety of the precious metal amid growing geopolitical uncertainty, particularly the escalating Russia-Ukraine conflict. Spot gold ros...

Profit-taking drags PSX down, KSE-100 falls by 310 points

KARACHI: The Pakistan Stock Exchange (PSX) saw profit-taking on Wednesday, resulting in a decline of 310 points in the benchmark KSE-100 Index, which closed at 95,546.45, down 0.32%. The session began on a positive note, with the KSE-100 rising to a...

Ahsan Iqbal proposes GSP-Plus and 5Es framework for export-led growth

ISLAMABAD: Minister for Planning, Development and Special Initiatives, Professor Ahsan Iqbal, proposed a comprehensive strategy to align the European Union’s Generalized Scheme of Preferences (GSP-Plus) program with Pakistan’s 5Es framewo...
Need Help? Chat with us