Pakistan's future is linked to industrial development: PM Imran
Last updated on: 04 January,2020 11:15 am
PM Imran said industrialization leading to increased exports is key to eradicate poverty
FAISALABAD (Dunya News) – Prime Minister Imran Khan on Friday said that China uplifted 700 million people from poverty in three decades which is unprecedented in the world history.
Addressing the ceremony after laying foundation stone of Allama Iqbal Industrial City in Faisalabad on Friday while eulogizing the Chinese model of development, he said Chinese investors and entrepreneurs are keen to invest in various sectors of the country.
He said Chinese businesses are also willing to transfer vital technology to Pakistan, adding that the China Pakistan Economic Corridor (CPEC) is a golden chance for the country to develop.
Imran Khan said industrialization leading to increased exports is key to eradicate poverty from the country, adding that the specialized economic zone is a major step towards the realization of the CPEC.
Dubbing industrialization as major source of employment creation in the country, he said pace of industrialization in Pakistan was very fast in 1960s. But, unfortunately this lost momentum due to policies adopted in 1970s.
“Pakistan s future is linked to industrial development but the wheel of industrial development was stopped by campaigning against the capitalist,” the prime minister said and added it will be difficult to provide employment to the youth if we do not move towards industrial development.
Underscoring the need to change the national mindset regarding industrialization, he said money making and wealth creation are not bad things for the society. He said Pakistan also needs to enhance its agricultural productivity to gain maximum benefit of the favorable land and climate. He said tourism is another sector which has a lot of potential in the country and it needs harnessing.
The prime minister emphasized the need to impart technical skills and education to the youth of the country to increase their employability.
Imran Khan appreciated the Punjab government for expediting work on Allama Iqbal Industrial City in Faisalabad. He said this this will mark a major step to our progress forward. He said special economic zones started in our tenure have an objective which is an important part of the vision of PTI government. Sharing his vision, he said he wants to transform Pakistan on the pattern of state of Madinah that uplifts the weaker segments of the society.
He said the state of Madinah under prophet Muhammad (PBUH) was first model welfare state of the world as it promoted justice and compassion.