Ahsan stresses collaborative efforts to achieve economic goals

Islamabad:During the launch of a book titled 'Pakistan’s 100 Most Successful CEOs and Diplomats,' Federal Minister for Planning, Development, and Special Initiatives Ahsan Iqbal on Thursday underscored the critical importance of collaboration between private institutions, civil society, and the government for national development.

He described the event as a significant milestone for Pakistan's future, highlighting the role of visionary and influential individuals in advancing the country’s economic and social progress. He praised their contributions to modernising national institutions and referred to them as key leaders in productivity, innovation, and quality, driving sustainable growth.

Acknowledging the economic and social challenges Pakistan has faced over its 77 years of independence, the minister pointed out that instability and inconsistent policies had impeded progress despite the country’s resources.

He stressed the need for economic revival, strategic vision, and stable policies to foster growth. Reflecting on the achievements of the 2013 Pakistan Muslim League-Nawaz government in addressing terrorism, power shortages, and economic crises, he noted that projects like CPEC initially restored investor confidence.

He, however, expressed disappointment that CPEC projects were stalled after the 2018 government change, which led to decreased investor confidence and economic stagnation. Iqbal criticised the previous government for damaging Pakistan’s global reputation by labelling the country as corrupt.

He said that his current government was working diligently to prevent economic default, focusing on economic revival through the '5Es' framework: Exports, Digital Development, Environment, Energy, and Equity.

The minister highlighted the progress made in controlling inflation, stabilising the economy, and rebuilding international financial confidence over the past 16 months. He reiterated that policy consistency was essential for the nation’s progress and committed to transforming Pakistan into a robust and stable economy.