Ahsan says political stability required for sustained economic growth

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CHAKDARA: Federal Interior Minister Ahsan Iqbal on Wednesday said that political stability and continuity in policies was imperative for sustained economic development and prosperity of the country.

Addressing students, young researchers and faculty members after the inauguration of the academic block at the University of Malakand on Wednesday, the interior minister said that the countries that achieved massive economic success in the world were due to their political stability, peace and continuity in their policies.

“All countries that reached the zenith of development had a long period of political stability and continuity of policies,” he maintained.

Ahsan said that Pakistan has all the potential to join the club of developed economies by 2025 if political stability, democracy and policies continued.

The minister said that Pakistan had achieved tremendous success in all field of life during the last four and a half years of Pakistan Muslim League-Nawaz (PML-N) government and the grave problem of energy crisis and menace of terrorism were successfully addressed.

He went on to say that Pakistan was now at a strong and prosperous position as compared to 2013, as the confidence of investors was restored due to CPEC and its image of being a sports-loving and peaceful country was also enhanced internationally with successful holding of scores of events like PSL and Pakistan Car Rally etc.

Megaprojects like Hazara Motorway, Lowari Tunnel in Chitral, Nawaz Sharif Kidney Hospital in Swat besides others mega schemes were completed in Khyber Pakhtunkhwa (KP) by PML-N government, which would help expedite the pace of economic development in the province.

Ahsan said that there was a dire need to develop a synergy between academia and industrial sector to achieve the objectives of innovation and entrepreneurship, besides generating employment opportunities for youth.

The minister said that the countries can’t progress and achieve the goals of economic prosperity by staging sit-ins, lockdowns and agitation politics.  “The economic policies are like a seed that grows only with proper attention and passage of time,” he said, adding that no seed or tree can produce fruits without proper care.

The minister urged the academia to promote analytical thinking among students and students to focus on their education as the nation had highest expectations from them.