Pakistans energetic vibrant economy attract investment from across the world Ambassador
Business Friday, December 7th, 2007Pakistan’s Ambassador to China has said
that country’s economy has turned into one of the most energetic and
vibrant economies and was attracting investments from across the world.
“The
economic growth rate has averaged 7 percent for 2006 and 2007,
especially with a remarkable performance in manufacturing and capital
market”, Ambassador Salman Bashir said in an interview published in the
current edition of “China’s Talents” magazine.
“We
have a buoyant stock market and splendid achievements in Information
Technology and Telecommunication as well as banking sectors”, he noted.
The
Ambassador, however, pointed out that the two major challenges the
country faced with was infrastructure and social development that means
there is need to bring improvement in education, public health and
social welfare.
“Pakistan
is right now experiencing the transformation from agricultural to an
industrial economy”, he said adding therefore, there is a need to put
more efforts on infrastructure like transportation, etc.”
Currently,
he said that Pakistan was undergoing a period of transition and
transformation in politics, economy and society, therefore there were
certain transitory problems which were being overcome.
“What
is the most important for Pakistan is to ensure social stability,
sustain economic development and fight against poverty, extremism and
terrorism, he said adding that “we are optimistic about our future.”
Underlining
the importance of various future plans, the Ambassador said that we
have both long-term and medium-term plans with the objective to build
Pakistan as a modern and developed country, ensuring progress and
prosperity for the people.
Ambassador
Salman Bashir said that Pakistan has excellent relations with China,
adding that the two countries have concluded Free Trade Agreement (FTA)
and established Joint Five-Year Plan for Pakistan-China Economic
Cooperation, that would further enhance the Sino-Pak cooperative ties
especially in economic sector.
Short URL: http://www.daily.pk/?p=2422
on Dec 7 2007. Filed under