Pakistan new emerging economy of Asia: Ahsan Iqbal

Tuesday 18 April 2017 1 month ago 118   Jamshoro   Print

Federal Minister Ahsan Iqbal speaking at MUET

Report  Ali Murad Chandio : JAMSHORO: Ahsan Iqbal, Federal Minister for Planning, Development, and Reform said that Pakistan is the next emerging economy of the Asia. He was interacting with faculty and students of U.S.-Pakistan Center for Advanced Studies in Water (USPCAS-W) at Senate Hall of Mehran University of Engineering & Technology (MUET) Jamshoro, today (on Tuesday). He said through applied research and technology, the solutions to the challenges faced by Pakistan could be sought. He said that Pakistan was one of the vulnerable countries on the serious shortage of water and climate change but the solutions of these vulnerabilities are in the science, engineering, and technology. He said that USPCAS-W was one of the Centers for Advanced Studies (CAS) Higher Education Project of the federal government funded by the United States Agency for International Development (USAID) Pakistan, which will provide the economical and energy efficient solution to the government for the water and energy crisis. He said that human genius had cracked the DNA Code after continuous research and similarly the researchers of this Center will seek the solutions of water, agriculture, and climate change related issues. He said Pakistan, in past, had missed various opportunities of economic growth and development due to political destabilization, mistrust among the federating units, and lagged behind in the science and technology. But now, he said, the country was the next emerging economy in Asia by maintaining the most rapidly economic growth in the region. Federal Minister Ahsan Iqbal while referring China-Pakistan Economic Corridor said that CPEC is a fusion of multiple developments in the global, regional, bilateral and domestic contexts. The ultimate objective of the CPEC, he said, is peace, prosperity, and well-being of the people of the two countries, the region and the world. Federal Minister Ahsan Iqbal said that in the recent past Pakistan was considered one of the most dangerous countries in the world but now in the last few years things were being improved and the country had been changed from the dangerous one to the next emerging economic power in the Asia. He said the country has to maintain 6% to 8% Gross Domestic Production (DGP) growth rate as an emerging economy in the region. He said the present government had worked very hard by leveraging the resources, investing in human capital, infrastructure, and transformation of science and technology. He said Pakistan through CPEC is going to add10,000 MW of electricity to the power generation national grid by May 2018, bridging the entire gap in demand and supply of energy consumption. He said that infrastructures development will open the new vistas of the development in the country and in this connection, Hyderabad-Karachi Motorway will convert the both cities in the twin cities while the construction work on the Hyderabad-Sukkur Motorway, Sukkur-Multan Motorway, and other routes will be started very soon. He said the government was establishing campuses in the each and every district of the country to produce efficient human resources. By answering the questions of the students related to the water accord of 1991 and renewable energy sources, Minister Ahsan Iqbal said that Pakistan had the history of mistrust among the federating units and therefore the solidarity among the units is very much necessary to take the decision for the national common interest. He said that everyone had to respect the 1991 accord because it was the unanimously agreed and the units politically disagree to form the consensus on the new water reservoirs on the other side. He said that the baseload is the prerequisite for the renewable energy sources, and through the CPEC the baseload for the solar and wind energy sources was being developed. He further said that respective research and development organizations such as SUPARCO and Survey of Pakistan were being directed for sharing big data with the researchers as they can be facilitated and entrepreneurs were also being encouraged to invest in the country by developing softwares and mobile applications (Apps). The federal minister also visited the new building of USPCAS-W while Syed Shah Muhammad Shah, President Pakistan Muslim League (N) Sindh accompanied the minister. On this occasion, Vice Chancellor MUET Dr. Mohammad Aslam Uqaili welcomed the minister presented the traditional gifts and souvenirs to the minister and guests. Prof. Dr. Bakshal Khan Lashari, Project Director USPCAS-W briefed about the new building of USPCAS-W, laboratories, and facilities provided to the students. Prof. Dr. Tauha Hussain Ali, Pro-Vice Chancellor MUET, Prof. Dr. Khan Muhammad Brohi, Dean Faculty of Architecture & Civil Engineering, Prof. Dr. Rasool Bux Mahar, Deputy Director (Academics and Research) USPCAS-W, and faculty and students of the USPCAS-W participated in the interactive session with the federal minister. 02