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Pakistan needs ‘Economic Long March’ to achieve development, prosperity: Ahsan Iqbal
ISLAMABAD, Mar 20 (APP): Minister for Planning, Development and Special Initiatives Ahsan Iqbal has said that the country needed an ‘Economic Long March’ to move on a consistent path of development and prosperity.
Participating in a private television programme, he urged opposition parties to play a positive role in Parliament so that the country could move forward to achieve the goal of economic stability effectively.
He criticized a political party for making failed attempts to dent the country’s talks with the International Monetary Fund (IMF), terming it ‘Economic Terrorism.’
Ahsan Iqbal was of the view that the financial matters of the country could not be sustained on loans permanently and stressed the need to increase production capacity, suggesting imposing an export emergency in the country.
Last year, the Ministry of Planning set up a 5-Es framework consisting of Export, Energy, Equity, E-Pakistan and Environment, under which a comprehensive plan had been prepared for the implementation of the framework and suggestions from all the ministries in this regard to be sought.
Replying to a question, the federal minister said all chambers of commerce would have to play their due role so that more efficiency could be achieved in agriculture, information technology and other sectors with value addition of the products.
Citing the examples of developing countries like Korea and Japan, Ahsan Iqbal said these countries had progressed by increasing their production capacity.
He vowed to lead the country towards development during the next five years under the dynamic leadership of Pakistan Muslim League-Nawaz (PML-N).
To another question, the minister said he could not even think of rolling back the 18th Constitutional Amendment due to the sensitivity of its nature; however, some matters including the Benazir Income Support Programme (BISP) could be discussed with the provinces.
He said the total revenue of the federal government was Rs7000 billion after taking out the share of the provinces. Debt repayment written in the budget was Rs7300 billion, which actually stood at Rs8000 billion, while Pakistan would have to borrow Rs1000 billion rupees to pay its debts.
Further narrating the country’s fiscal position, he said federal government expenses were Rs700 billion, pension payments Rs800 billion and defence expenditure Rs1800 billion.
He said the country’s development budget was Rs950 billion and about Rs1200 billion were the transfer payments to provinces. “Some subsidies are also paid by the government which is about Rs1200 billion. All these payments are on loans. No country can be run in such a way that every expenditure is on debt.”
President Zardari for expanding scope of Pak-Japan cooperation
ISLAMABAD, Mar 20 (APP): President Asif Ali Zardari on Wednesday called for expanding the scope of bilateral cooperation between Pakistan and Japan across a wide spectrum of areas, especially trade, investment, economy, culture and people-to-people contacts.
The president, talking to the Ambassador of Japan Mitsuhiro Wada, who called on him, said that Pakistan was a huge market and Japanese businesses should benefit from the economic opportunities by investing in diverse sectors.
He said that both countries had been enjoying long-standing relations, which needed to be further cemented for the mutual benefit of the two sides.
He highlighted that Japan had been a key development partner of Pakistan that had been supporting Pakistan’s socio-economic development in different sectors under the Japan International Cooperation Agency (JICA).
He further said that Pakistan had a huge population and could send the trained workforce and professionals to help Japan fulfill its requirement for human resources.
The president said that Japanese automobile companies, based in Pakistan, should enhance production to export their products from Pakistan.
The Japanese banks should also be encouraged to restart their operations in Pakistan, he said and reaffirmed Pakistan’s resolve to overcome its current socio-economic challenges.
The Japanese ambassador said that Pakistan had a strategic location and a huge population, and Japanese companies were interested in these potential areas.
He called for further strengthening the existing bilateral cooperation for the mutual benefit of the two countries and informed that the export of Pakistani mangoes to Japan was growing.
The ambassador also termed the visit of former Foreign Minister Bilawal Bhutto Zardari to Japan as successful, saying that the young generation of Pakistan could play a strong role in making it a prosperous country.
Mitsuhiro Wada warmly congratulated President Zardari on becoming the president for the second time and conveyed the regards of the Japanese Emperor Naruhito.
President Zardari thanked the ambassador for the felicitations and asked him to convey his warm regards to the Emperor of Japan.
He also fondly recalled his visit to Japan and meeting with the former Emperor of Japan Akihito.
He thanked the Japanese government for its support to Pakistan in the aftermath of the devastating floods in 2022.

Later, Ambassador of Yemen to Pakistan Mohammad Motahar Alashabi also called on President Asif Ali Zardari and felicitated him on assuming his office.
During the meeting, the president said that Pakistan and Yemen enjoyed excellent bilateral relations based on shared bonds of religion, culture and values. Both sides emphasised the need for further increasing mutually beneficial cooperation.
President Zardari also thanked the Ambassador of Yemen for felicitations.









