LAHORE, Pakistan: The Federal Minister for Interior, Planning, Development and Reforms Ahsan Iqbal on Saturday said today the World was eying Pakistan as an ideal Country for investment while the World Economic Forum (WEF) declared Pakistan better than India as an emerging economy.
While addressing after inaugurating the first-ever NADRA Facilitation Desk for the Business Community at Lahore Chamber of Commerce and Industry (LCCI), the minister said Pakistan’s gross domestic product (GDP) growth reached 5.3 percent in the previous year and it was expected to touch six percent mark by the year-end.
Ahsan Iqbal said before 2013, economic health of the Country was very weak as Pakistan had, at that time, been considered the most dangerous Country of the world due to presence of terrorists and deteriorating law and order situation. He said the industrial activity had badly been affected due to power shortage while Country’s economic growth had become stagnant at mere three percent annually.
The minister said after coming to power, the Pakistan Muslim League-Nawaz (PML-N) government targeted four areas including energy, extremism, economy and education and achieved considerable success in all these areas.
The federal minister said the incumbent government had also added up to 11,000-MW of electricity to the national grid while investment in infrastructural development reached Rs 413 billion. Lahore-to-Karachi motorways were being completed at a fast pace, he added.
Moreover, he said China-Pakistan Economic Corridor (CPEC) project would change the destiny of Pakistan as the two Countries were taking ahead the project to its next stages successfully.