The purpose of ‘Uraan Pakistan’ is to make Pakistan an economy of $ 1 billion by 2035, said Minister of Planning Ahsan Iqbal. In a stage to this ambition, an agreement was concluded on Sunday between the Ministry of Planning and the Chinese Development Research Center (DRC) to improve economic cooperation.
Understanding was formalized at a meeting between Minister Ahsan Iqbal and Lu Hao, president of China’s Development Research Center (DRC) and the Center for International Knowledge On Development (CIKD).
Uraan Pakistan is a national initiative aimed at transforming Pakistan into one of the main global economies by prioritizing innovation, inclusiveness and sustainability. Guided by the 5th framework, it focuses on five critical areas: exports, digital transformation, environment and climate change, energy development and infrastructure, as well as equity and empowerment. The initiative aims to diversify the economy and improve the position of the global market in Pakistan through export growth.
Thanks to joint research, training programs and experts in experts, China will help Pakistan strengthen its economic foundations.
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Lu Hao expressed confidence in Pakistan’s strategy to become an economy oriented towards export.
“Strong economic cooperation between Pakistan and China is the key to national development,” said Ahsan Iqbal.
“CPEC has transformed eternal friendship into an economic and social partnership beyond political cooperation,” he said.
Pakistan wants to promote trade and exports with China
Minister of Planning
IQBAL highlighted Pakistan’s intention to learn from economic growth and China reforms. “Pakistan is impatient to learn from economic and reforms of China,” he said. “China scientific planning is guiding light for long -term and sustainable economic development.”
Speaking about the internal economic prospects, Iqbal said that the government’s “Uraan Pakistan” initiative aims to stabilize and develop the national economy. “Thanks to the Uraan Pakistan program, the national economy is evolving towards stability,” he said. “The objective of” Uraan Pakistan “is to make Pakistan an economy of $ 1 billion by 2035,” added the minister.
He noted encouraging signs of the economic front. “International institutions confirm the positive indicators of the Pakistani economy,” he said. “The policy rate increased from 23% to 11%,” he added.
Referring to market performance, the Minister said: “The Pakistan Stock Exchange exceeded 140,000 points.”
Highlighting commercial potential with China, Iqbal said: “China imports around 2 dollars per year, while Pakistan is extremely low.” He stressed: “Pakistan wants to promote trade and exports with China”.
He also said: “Gaining access to Chinese markets is an important economic objective.”
In conclusion, the Minister underlined the challenges faced in the past. “In the past, political instability and disturbances in the continuity of policies have affected the development process,” he said.
