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Pakistan, competitive place for domestic and global market: Salman
By Adnan rafique
ISLAMABAD—Advisor to PM on Finance Salman Shah Friday said Pakistan
would soon become very competitive country not only for its domestic
market but also for global markets as there is consistency of
policies,macro economic stability and provided, “we succeed in
establishing competitive market economy.”
Talking to newsmen he said,by providing opportunities for investment and
maintaining political stability in the country there was nothing which
can stop us from making economic development. He said,the demographic
picture of Pakistan is very positive for the development of Pakistan as
160 million people are very young. The growth of pakistan can be boosted
in next 50 years provided the other factors are also there like macro
economic stability,infrastructure and education can help to sustain the
economic stability. There are many opportunities for private sector and
forinvestment in Pakistan and policies of government are people friendly
so to bring prosperity in the country,he added.
Salman Shah said, government is determined to upgradeeducation sector in
the country and funding for HEC for ten years is Rs. 1100 billion which
is a substantial jump as compared towhat we are spending right now and
there is also increase in spending on secondary schools and colleges. He
said, “We have to generate our resources and revenues and are trying to
improve tax to GDP ratio so the additional resources must be spent on
education and health”.
Salman Shah said that they wanted to provide opportunities to the youth
so to motivate them to invest in education and other sectors,adding more
they are trained in labor force more theircompetitiveness would be in
global market. “So by this we can not only capture global market but in
domestic market we could have large share”,he added.
He said,Pakistan Reform Program is more advanced as compared to other
similar countries and World Bank last year has included Pakistan in top
ten reforming countries.
“We are determined to sustain the economic growth so toaddress the
challenges of poverty and unemployment in a better way”,he added. |