Minister for Planning, Development and Reforms Ahsan Iqbal said on Sunday that the PML-N government would launch economic long march or Vision 2025 here on August 11 (Monday) to transform Pakistan into an economically strong and prosperous country by providing a high quality of life for all citizens.
“Prime Minister Nawaz Sharif is scheduled to launch Vision 2025 developed with the consensus of all four provinces, Azad Kashmir and Gilgit-Baltistan governments to put Pakistan on way to sustainable economic growth trajectory, creating a globally competitive and prosperous country by providing a high quality of life for all citizens”, Prof. Ahsan Iqbal told a press conference here this afternoon.
He said that PML-N’s previous government in year 1998 initiated Vision 2010 but dictator Pervez Musharraf after one year overthrew the government and the vision was not materialized.
He added that under vision 2010 PML-N government forecast that Pakistan would require 28,000 MW of electricity but the road map for energy need under the vision 2010 was not implemented and discontinued as a result the country is facing worst type of load shedding today.
Ahsan Iqbal however said that only one part of vision 2010 was implement by the then Chairman Higher Education Commission (HEC) Dr Prof Attaur Rehman and PhD programme was continued which helped infuse new life to the universities in the country.
Prof Iqbal said if Vision 2025 is implemented and continued the country would get rid of the problem of load shedding before the years 2017-18.
He further said that government has initiated Diamer-Bhasha Dam, which is the biggest water reservoir to be completed in 10 to 12 years time.
This project would not only facilitate the one government in power but also help provide electricity and water to governments in future for long term across the country.
“Vision 2025 is a long term project for socio economic prosperity of the country on sustainable basis”, he remarked.
He added that if Diamer-Bhasha Dam was not built, the country would face shortage of water and the building of the dam would secure the power and water requirements of the country for the longer period.
He urged the youth that instead of participating the Imran-Qadri led “Barbadi (destruction) March” should participate in the Vision 2025 march.
He highlighted the long term visions had given by the leaderships of China, Turkey, Malaysia and other countries, which changed the fate of their people and these countries are now witnessing economic growth and prosperity and their citizens are enjoying a quality life.
“Prime Minister Nawaz Sharif has also given the nation Vision 2025 aiming at making Pakistan a economically strong and prosperous country in Asia as well as the world”, he remarked.
He added that PML-N led government has put Pakistan on the path of economic growth trajectory and the international organization like “Moody’s” has enhanced credit rating of Pakistan from negative to stable which reflected the prudent economic policies of the government.
Prof. Iqbal said that Imran Khan and Tahirul Qadri are conspiring to destabilize the country and democracy for their ulterior motives and people of Pakistan would never allow them to do so.
Prime Minister Nawaz Sharif, he said, wanted to make Pakistan economically strong and a viable country in the region.
The development of the country and human resource development are the Prime minister’s top priorities and the government would continue this policy for the betterment of the people.
Prof. Iqbal said that government under Vision 2025 would enhance exports of the country from current $25 billion to $150 billion to create job opportunities and reduce poverty in the country.
In Vision 2025, education and human capital development have also been given top priorities and enough resources would be allocated for these sectors for the prosperity of the country and its people.
In a strategic move, Pakistan and China are set to create headway towards developing a plan for Gawadar Port as a part of an economic passageway that envisages investment of $12 billion by Beijing.
Officials of the 2 countries can take up the matter throughout talks in Beijing on February seventeen, wherever Pakistan’s team are going to be led by planning and Development Minister Ahsan Iqbal, officers say.
As a part of the economic passageway which will turn pakistan into a hub of regional cooperation, Gwadar Port are going to be connected through road, rail and fibre links to China to assist enhance trade between the 2 countries.
Oil and gas pipelines are a part of the economic passageway over the end of the day, that is predicted to supply a much-needed boost to economic activities in insurgency-hit Balochistan, in line with the officers.
Under the short arrange, capital of Pakistan and Beijing need to develop Gwadar Port, whose management had already been given to China, in a very bid to draw in investment in numerous sectors to create it a hub of economic activities. below this arrange, an oil town are going to be originated at the port to fulfill fuel wants.
However, the u. s. and Republic of India aren't happy with the handing over of Gwadar Port to China, which can enhance its presence within the sea.
The government is additionally trying to revive the abandoned Coastal petroleum refinery at Gwadar, a project that had been shelved by China in 2009-10 when operations of the port were bimanual over to the Singapore Port Authority. a worldwide recession combined the issues, providing one more reason to shelve the project.
The industrial plant, designed to own a most output of sixty thousand barrels of oil per day, is an element of China’s attempt to invest $12 billion in multiple comes in Pakistan.
Oil pipeline
Officials identified that the oil and gas pipelines relied on standardisation of relations between the United States and Iran.
Though Iran provides oil and gas to Turkey, China and Republic of India, the United States is stilt on the pressure on Asian country to prevent it from commerce energy from Teheran. consultants describe it an endeavor to push Asian country towards economic collapse as a result of acute energy shortages.
The PML-N government, that took over in Gregorian calendar month last year, has already offered Beijing to put an oil pipeline from Gwadar to western China – a move which will enable the latter to diversify and safeguard fossil fuel import routes.
Officials steered that the pipeline may later be linked with Iran, that had already offered to create a pipeline from its territory to Gwadar for the transport of fossil fuel.
During the previous government’s tenure, Iran had conjointly expressed its disposition to line up an petroleum refinery at Gwadar Port with a production capability of four hundred,000 barrels per day.
Officials identified that Gwadar Port was quite near the Persian Gulf through that nearly four-hundredth of world’s oil offer flows. China meets five hundredth of oil demand through imports from the center East. the provision line to China runs over the ten,000km Dubai-Shanghai-Urumqi ocean route.
“The fossil fuel processed and refined at the Gwadar petroleum refinery is exported to Urumqi through the shortest doable route, that is Dubai-Gwadar-Urumqi spanning over three,600 km. For this, an oil pipeline are going to be ordered through the energy corridor up to western China via mountain range Highway/Khunjrab Bypass,” an official said.
BEIJING: The Export-Import Bank of China on Wednesday same it had been going to invest billions of greenbacks in future development comes in Asian country, particularly within the energy sector and therefore the China-Pakistan Economic passageway.
“Pakistan is that the largest consumer in our overseas operations. we've got already created a $3.6 billion support to Asian country in terms of concessional loans and export service credits,” Deputy top dog Lei Wentao told a bunch of visiting Pakistani journalists at an appointment at the bank’s headquarters.
Wentao same that his bank started operating with Pakistan’s government in year 2002 and has contributed lots since then within the infrastructure development and socio-economic growth of the individuals. He same the bank not solely provides loans to Asian countryi government however conjointly encourages Chinese corporations through credit finance to speculate in Pakistan. He same bank’s ninetieth investments in Asian country square measure in energy sector. Besides, the bank is additionally concerned in construction of expressways and different comes associated with enhancing physical property between the 2 countries, he said. “Our investments in Asian country haven't solely contributed to socio-economic growth of the individuals however have conjointly compete a crucial role in cementing the bilateral relations,” he said, and supplementary that their focus is to speculate in prime comes in Asian country underneath a long-run strategy.
Wentao same the bank can sign new framework agreements with establishments in Asian country throughout the future visit of President Xi Jinping within the middle of this month. He same {pakistan|Pakistan|Islamic Republic of Asian country|West Pakistan|Asian country|Asian nation} had a awfully sensible credit history which all the comes launched in Pakistan were running swimmingly. “We ne'er round-faced any major difficulties, particularly in payback,” he said. He same Chinese leadership hooked up nice importance to Asian country and needed to actively participate within the socio-economic development of it. He same his bank was invariably able to offer most support to Asian country to assist it overcome economic challenges, particularly transfer the energy crisis to associate degree finish.
To a matter, he same that presently his bank worked solely with the govt sector in Asian country. “But, we tend to square measure in talks with some corporations to debate prospects of increasing our cooperation to the non-public sector,” he added.
Wentao same his bank was uneasily expecting feasibleness study reports of many comes in Asian country. “As presently because the government of Asian country provides US necessary details, we'll be over willing to achieve associate degree early deal and begin performing on those comes.”
He appreciated this economic process in Asian country and same the developing Pakistani market was an excellent attraction for Chinese corporations. “More and additional corporations square measure currently willing to speculate in Asian country.”
