ISLAMABAD, Jan 14 (APP): on Wednesday called for a fundamental shift in Pakistan’s economic model, saying that sustainable prosperity was only possible through higher productivity, an exports-led growth strategy and a stronger role for the private sector. Addressing the inaugural session of the Pakistan Policy Dialogue titled “Correcting Course: Pakistan’s Economic Reset” in Islamabad, the minister said the state should focus on becoming a facilitator for economic activity. “The only …
Musadik Malik calls for exports-led, productivity-driven economic reset
ISLAMABAD, Jan 14 (APP): on Wednesday called for a fundamental shift in Pakistan’s economic model, saying that sustainable prosperity was only possible through higher productivity, an exports-led growth strategy and a stronger role for the private sector.
Addressing the inaugural session of the Pakistan Policy Dialogue titled “Correcting Course: Pakistan’s Economic Reset” in Islamabad, the minister said the state should focus on becoming a facilitator for economic activity.
“The only path to prosperity passes through increased productivity,” Dr Malik said, adding that the private sector must play a central role in driving economic growth while the government should create an enabling environment rather than directly managing commercial enterprises.
He said that sustainable and environment-friendly economic growth had become an urgent national necessity, stressing that economic recovery could no longer rely on assets and power alone but must be built on education, skills and productivity.
The minister said privatisation was not an ideological project but a mechanism to correct market distortions, and argued that an export-oriented growth model was the only viable guarantee for long-term economic stability.
Dr Malik said the government’s reform efforts had begun to show improvement in key economic indicators, but emphasised that lasting prosperity would depend on giving talent and capability the opportunity to move forward.
He added that Pakistan’s path to prosperity was now linked not just to capital and resources, but to access to opportunities and improvements in governance and systems.
The Pakistan Policy Dialogue, organised by the Policy Research and Advisory Council, brought together senior government officials, economists, and policy experts to discuss reforms aimed at correcting the country’s economic course and laying the foundations for sustainable growth.
