NEC Approves Annual Development Plan for Fy2017-18- PM says Pakistan is now among the fastest growing economies of the world
The approval was given in a meeting presided over by Prime Minister Muhammad Nawaz Sharif in Islamabad
Addressing the National Economic Council meeting, Prime Minister Nawaz Sharif says Pakistan’s economic indicators have significantly improved and this is acknowledged by international financial rating institutions. National Economic Council approves Annual Development Plan for next financial year. The approval was given in a meeting presided over by Prime Minister Muhammad Nawaz Sharif in Islamabad. PM says the GDP growth rate of 5.28% for the current financial year is commendable. Pakistan is now among the fastest growing economies of the world. Federal and Provincial governments are working in harmony for development of the country. The government is focusing on energy projects. He said not only power supply is priority of the government but it is providing affordable power supply for consumers. The government is also focusing on a balanced mix of sources for energy including LNG, Coal, Hydel, Solar and Wind.
Host: Ali Naseer
Co-host: Zahra Sikander Hayat
Analyst on Telephone:
Dr. Humayun Iqbal Shami (Chairman, Pakistan Economic Forum):
This is great achievement after nine years. After 2007, there was a constant decline in DGP growth rate. Now, this is a remarkable achievement. We are not performing according to our true potential even now. We have developmental budget highest in the history of Pakistan. After 18th amendment, lots of things have been devolved to the provinces. The provincial governments have not preformed according to the expectations. We should explore more avenues to generate revenues. The agriculture sector can play a significant role in this regard.
CPEC will not change China's position on the Kashmir issue- Foreign Ministry Spokesperson Hua Chunying in Regular Press Conference reiterates China’s decades old stance on Kashmir
Addressing a regular press briefing in Beijing, a spokesperson of Chinese Foreign Ministry, Hua Chunying says China-Pakistan Economic Corridor will not change China's position on the Kashmir issue. As part of the Belt and Road Initiative, the CPEC will help enhance regional connectivity and promote common development and prosperity for regional countries. As for the Kashmir issue our Indian friends are very concerned about, we've said that it is an issue between India and Pakistan, and hopefully will be resolved by the two sides through dialogue and negotiation. The Belt and Road Initiative is an open and cooperative one.