Pakistan to be at $3 trillion on 100 years of its independence, asserts Ahsan Iqbal
Business
Says Pakistan to rank among top 10 economies of the world
ISLAMABAD (APP) - Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal on Monday hoped that the annual volume of Pakistan’s economy will be $3 trillion and the country will be counted among the top 10 economies of the world in 100 years of independence in 1947.
In the current era, data-driven, knowledge economies were ruling the world, and data sets, data integration and Artificial Intelligence were significant for the sustainable economic development of any country, the Minister said. Ahsan Iqbal said this while addressing the ‘Data Fest 2024, Organized by Pakistan Bureau of Statistics (PBS) here.
Chairman NADRA Lieutenant General Muhammad Munir Afsar, Federal Secretary for Planning, Development and Special Initiatives Owais Manzoor Samra, PBS Chief Statistician Naeemul Zazfar, representatives of federal and provincial ministries and other stakeholders participated in the ceremony.
He said that today “we have entered a world that is undergoing the most rapid changes in human history and people who have seen the huge innovations and development in modern time.”
Ahsan stressed that now modern data science drove the economic revolution in the world, and data analytics and advanced technology had fueled the modern economic development and digital revolution.
He said that data science was the core of artificial intelligence, and its quality was the foundation of any economic theory and development in the modern world and for that, our economy neededvery reliable data.
The Minister said that behind the economic development of any nation were 10 years of continuous policies, which pave the way for their development.
He said that now the government is working on the next five-year plan and today when I read the Vision 2025 made in 2014, it seemed that we had written the same problems we are facing today in the country.
In 2017-18, Pakistan had overcome the issue of energy and terrorism, the country was moving fast with the China Pakistan Economic Corridor (CPEC), but today we are back to where we were in 2013.
He said that for sustainable economic development in the country, we need continuity of policies to achieve our economic goals. “Our economy needs reliable data, with which we can measure the direction of progress.”
Similarly, data sets are also required for business development and only the nations, businesses or individuals can use data in a better way can achieve their economic goals, he said.
“I am happy that there are a large number of young people here today, who will determine their future through data science and youth should have the ability to use data properly. Our young generation is going to participate in an economic marathon race based on modern technology and data-driven economies” he said.
He said that today,” We have presented the positive side of Pakistan to the world through the three day’s head of the government meeting of ‘Shanghai Cooperation Organization’ in Islamabad.”
He claimed that all economic indicators of the country were showing positive. The inflation rate was down at single digit and our youth had the potential to take Pakistan to a high position in the world.
While addressing the ceremony, Federal Secretary for Planning, Development and Special Initiatives Owais Manzoor Samra said that data integration, visualization and cutting-edge technology wee ways forward for the country’s sustainable economic development.
PBS Chief Statistician, Naeemul Zazfar insisted that today data science was leading every sector of the economy and in Pakistan data-driven economy must be for sustainable economic development.
