ISLAMABAD: Prime Minister Muhammad Nawaz Sharif on Wednesday said economy is a challenge for the government, which has taken bold decisions to put the country on right track.
The Prime Minister expressed these views during a briefing given to him by Ahsan Iqbal, Minister for Planning and Development.
The Prime Minister said that avenues for development are available, and stressed the need for dedicated and innovative people to take on the opportunities and put the country on fast track development.
He said the investment by Chinese in Pakistan is a good omen for the foreign investors who will now have more confidence to come to Pakistan to avail the available opportunities.
Ahsan Iqbal briefed the Prime Minister on his visit to China. He said that Pakistan and China have the prioritized areas of investment.
He said the prioritization is based upon significance to bilateral connectivity, socio-economic urgency and impact and quicker completion time. In energy sector, 16 projects have been identified where Chinese investor has shown their interest. It includes solar, coal and hydel power projects. These are short to
medium term projects and the power generation will be available in five years, he added.
Ahsan Iqbal said that in infrastructure, Chinese has agreed to invest in upgradation of Raikot-Islamabad section of Karakoram Highway, construction of Karachi-Lahore Motorway and upgradation of Gwadar Port.
In Gwadar, an integrated development plan of Gwadar city has been planned which includes infrastructure facilities, and construction of Gwadar Airport, he added.
Ahsan Iqbal said that both China and Pakistan have made their respective Planning Working Groups for jointly working on planning, identifying and prioritization of projects in different sectors.
The Prime Minister constituted a six-member committee including Finance Minister Ishaq Dar, Planning Minister Ahsan Iqbal, and Secretary to PM to monitor the progress of these projects, ensure the completion of the projects on fast track and report to him on regular basis on the status of the projects.