Sunday, 24 October 2021, 06:54:56 am
Shaukat Tarin vows to make Pakistan one of top economies in Asia, world
October 14, 2021

Finance Minister Shaukat Tarin has expressed the determination to make Pakistan one of the top economies in Asia and the world.

Speaking at the United States Institute of Peace, in Washington, he said no amount of hurdles will stop us from making Pakistan economically great again.

The Finance Minister said Pakistan is open for investment for all. He said we are trying to attract investment in Special Economic Zones. He pointed out that the deep sea port Gwadar has a unique strategic location and it is also open for investment for other countries, apart from China.

The Finance Minister said Pakistan values the Chinese contribution for the development of necessary infrastructure in Pakistan. He however said our relations with China will not affect our relations with the United States.

The Finance Minister said we are also encouraging overseas Pakistanis to invest in Pakistan. He said Pakistan has made significant improvement in ease of doing business.

Shaukat Tarin said Pakistan is moving towards an inclusive and sustainable growth.

He said the country is expected to achieve GDP growth of five percent during the current fiscal year.  He said we have taken steps to revitalize agriculture, industries and housing sectors. We have also given a complete package to uplift four million marginalized households through interest free loans through microfinance banks.

Responding to a question, the Finance Minister termed his talks with the IMF as encouraging.

He said Pakistan wants to be a friend of the US and both the countries need to work together for the betterment of the region.

When asked about the FATF, Shaukat Tarin said that Pakistan has fulfilled twenty six out of twenty seven conditions. He said had any country done so, it would have been off the grey list long ago.  He regretted that Pakistan is being punished by some countries for some different reasons.

Finance Minister Shaukat Tarin urged the world nations to help Afghanistan deal with economic crisis.

He warned that economic crisis in Afghanistan could affect the neighboring countries including Pakistan if the world nations fail to extend help to the war-torn country.

Talking about Pakistan's economy, he said due to prudent policies of the country we achieved the economic growth of 4.5 percent we expect to achieve five percent growth by the end of current fiscal year.

He said we are striving for achieving the targets of sustainable economic grounds.

He said around sixty percent of our population is less than thirty year of age and our prime objective is to create job opportunities for them.

The Minister said the world should see Pakistan from economic welfare spectrum instead of security spectrum.