Ahsan Iqbal expressed satisfaction on CPEC progresses, directs to complete LTP at earliest.

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Federal Minister for Planning, Development & Reform Ahsan Iqbal said CPEC is a national agenda and has been put into implementation in record time due to total commitment of both Pakistani and Chinese leadership. He expressed satisfaction over progress of CPEC projects and directed for finalization of Long Term Plan (LTP) of China-Pakistan Economic Corridor (CPEC) at the earliest in consultation with the provinces. Federal ministries and provinces should come up with their next agenda of projects for the long term plan of CPEC in next fifteen days. Federal Minister Planning & Development Ahsan Iqbal issued these directions while chairing high level fortnightly review meeting of China-Pakistan Economic Corridor (CPEC) at Ministry of Planning, Development & Reform. He also directed ministries to submit the anticipated future disbursement plan of CPEC projects included in PSDP of next financial year to ensure smooth releases for projects. While reviewing the energy project in CPEC, Ahsan Iqbal asked Ministry of Water & Power to present an integrated plan for generation, transmission and distribution for next three year within one week to ensure that new power will be distributed to consumers in a planned manner. He said fast track work on these projects is necessary to tackle the energy crisis and power needs of industrial zones in future under CPEC. He said that with the completion of the energy projects in early harvest projects, 10,000 MGW would be added in national grid by 2018. Meeting was appraised that work on Bin Qasim Power Plant, Thar Power Plant and Sahiwal Power Plant is on track and these would be completed as per the schedule. While reviewing the Gwadar component of CPEC,  Ahsan […]

Ahsan Iqbal calls upon WTO to support Pakistan in SME development & trade facilitation for CPEC

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Federal Minister for Planning, Development & Reform Ahsan Iqbal urged World Trade Organization (WTO) to support Pakistan in capacity building in SME sector and trade facilitation for CPEC. Pakistan eyes $150 billion exports by 2025 under Vision-2025, which requires a paradigm shift in nature and composition of exports by adding value and introducing innovation in existing export regime. Ahsan Iqbal stated in a meeting with Director General WTO Roberto Azvedo, who called on him at Ministry of Planning, Development & Reform. Federal Minister Commerce Khurram Dastagir Khan also attended the meeting. Ahsan Iqbal said that present government’s vision is to achieve sustainable economic growth by having major thrust on export sector, which is facing crisis due to myopic policies of the past. He said that WTO’s support can be instrumental to realize the vision of high export growth. He pointed out that government is working on various initiatives to align the local trade & commerce sector with the international financial models to achieve higher exports. Ahsan Iqbal said that economic policies of present government turned national economy into vibrant and resilient economy in last two and half years after many economic indicators showed significant improvement. He hoped that growth rate is expected to touch 5 % by end of this financial year. He said that power shortage issue has been tackled on priority basis by the present government. Growth rate can witness a high jump once the energy shortage would be resolved by 2018, he added. Federal Minister Planning & Development said that government is simultaneously working on major initiatives on economic integration and regional connectivity to turn Pakistan into a major trade and manufacturing […]

CPEC’s momentum setting industrial cooperation fundamentals in place: Ahsan Iqbal

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The Federal Minister for Planning Development and Reform Prof. Ahsan Iqbal has said that with the momentum of China Pakistan Economic Corridor a world of opportunities have opened up setting fundamentals of industrial cooperation between Pakistan and China, fast in place.

Prof. Ahsan Iqbal was addressing a seminar on ‘Industrial Parks in Pakistan, attended by Chinese enterprises and government functionaries from both sides in Beijing today.

The Minister said that CPEC — the flagship project of One Belt One Road (OBOR) – had made tremendous progress within last two years in completion of infrastructure and energy projects and the time was ripe for businesses from both sides to develop further on the foundations laid by governments and for business-to-business cooperation to be taking the lead. Chinese investment and technology and Pakistani location and low production cost combined together made a winning combination, he pointed out.

Ahsan Iqbal said that through various energy projects energy shortage would be overcome which was the first prerequisite of industrial development.

He said that the second requirement of industrial development was strong infrastructure and in next two years Gwadar port would also have further improved infrastructure through road and modern airport.  As for peace and security, a requirement for industrial investment and development, he mentioned that  the gov’t had taken solid steps not only to improve the security situation in the country but both countries were working together to improve the security situation in the region.

 

Describing the opportunities in Pakistan he said that with a large middle income population, Pakistan was an attractive choice. The distance from Kashghar to Gwadar port being 2500 km was far shorter compared to distance from Shanghai port to Arabian sea which was more than 15000 km. The […]

Pakistan is among the eight fast growing economies of the world: Ahsan Iqbal

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Pakistan is among the eight fast growing economies of the world due to structural reforms introduced by the present government, Federal Minister Planning, Development & Reform Ahsan Iqbal stated this while addressing China-Pakistan Economic Corridor (CPEC) Investment Conference, held in Chinese Capital Beijing.  Pakistani nation is united on agenda of economic development, Ahsan Iqbal stated and added that there is no threat of political instability in the country. He noted that CPEC is a historic opportunity, which would have a far-reaching impact on national economy. He said that CPEC offers equal opportunities to all the provinces and regions of the country for their economic uplift. Under CPEC, energy sector has been prioritized in the first phase whereas CPEC would help to lay modern transport infrastructure in the country to make Pakistan economy competitive in the international market. Federal Minister Planning & Development noted that Pakistan offers attractive opportunities to Chinese investors in minerals, agriculture, infrastructure, technology and industrial sector. Chinese technology and experiences in industrial sector coupled Pakistan’s location and its low cost of production can revolutionize the industrial sector of the country. He pointed out that China topped the countries invested in Pakistani last two years following $ 46 billion CPEC investment. He said mineral-rich provinces of KPK and Balochistan are attractive destination for Chinese investors in the country.

Pakistan and China reaffirms their commitment to CPEC in a meeting between Minister Planning & Development and Mr. Zhang Chuxian, member of CPEC

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Pakistan and China today reaffirmed their commitment speedily implementing China-Pakistan Economic Corridor (CPEC) project, which will realize the visions of leadership of both China and Pakistan to take the decades-old geo political relations to geo economic orbit. Federal Minister Planning, Development & Reform Ahsan Iqbal and Mr. Zhang Chuxian, Secretary of Communist Party of Xinjiang province and member of Politburo of Communist Party of China heading the delegations of their respective countries were in unison that China-Pakistan Economic Corridor (CPEC) is a win-win project for both China and Pakistan. It has unique feature serving both Pakistan and China . CPEC will contribute to overcome energy crisis, build modern infrastructure, promote rapid industrialization and create enormous job opportunities in Pakistan. Both sides held extensive deliberations to explore more avenues of cooperation between China and Pakistan especially between the latter and Xingiang province of China, bordering Pakistan. Minister Planning & Development pointed out that cooperation between Pakistan and Xingiang can add a new chapter in CPEC because of their geographic proximity. Ahsan Iqbal proposed  a five-year plan for promoting cooperation and partnership between Xingiang and Pakistan in various fields. “The economic integration and regional connectivity between Pakistan and Xingiang province is critical for making CPEC a success.”, he emphasized. Ahsan Iqbal said that CPEC would not only reduce the distance for West China to trade with the outer world but would also drastically cut down the cost of their products because  of faster and cheaper transportation of their goods. Minister Planning & Development said that CPEC would ultimately help in creating a regional economic block of three billion people through improved regional integration and connectivity and […]

Three universities on Western Route of CPEC will start functioning this year: Ahsan Iqbal

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Minister Planning, Development and Reform Prof Ahsan Iqbal today stated, “Universities in FATA, Zhob and Gwadar, located on Western route of Chin-Pakistan Economic Corridor (CPEC) will start functioning this year to produce quality human resource for CPEC in these areas. These universities are part of government’s efforts to produce quality human resource along with focusing on infrastructure development and energy production through this mega development project. Ahsan Iqbal stated this while speaking as a chief guest at a seminar on “China-Pakistan Economic Corridor (CPEC); Opportunities and Challenges” organized by Preston University at National University. Federal Minister Planning & Development described CPEC trans-regional project, which would benefit three billion people of the region through enhanced regional connectivity with Balochistan and Khyber Pakhtunkhwa provinces of the country to play instrumental role integrating the whole region. He dispelled the impression that CPEC would benefit any one province or region and said this controversy was political having no relevance with the facts. Now, there is completed consensus and all parties support CPEC. “CPEC would benefit the most-backward areas of the country and this change is started to appear in the form of emerging of human settlements on section of Western route from Quetta to Gwadar, which is scheduled to be completed by end of this year”, minister stated adding that a new era of development and prosperity would usher in Balochistan when missing links on western and central routes would be completed. He said that in energy component of CPEC, Sindh is largest recipient of energy projects, where $11.5 billion dollar out of $ 35 billion  energy portfolio is being constructed in CPEC. This bias towards South in energy projects […]

Western route should be completed as per time frame to operationalize it priority basis : Ahsan Iqbal

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Federal Minister Planning, Development and Reform Ahsan Iqbal chaired a high level meeting to review the progress on various projects of China-Pakistan Economic Corridor (CPEC). Officials of various ministries briefed the meeting about status of work on various projects under CPEC framework. Minister Planning and Development directed to undertake the construction work on CPEC projects on fast track basis to ensure their completion in stipulated time frame. Minister emphasized that smarter and scientific approach should be adopted while carrying out the work on CPEC projects. He urged for mobilizing the required financial resources promptly for smooth execution of work on these projects. Ahsan Iqbal also laid great emphasis on environmental aspects of all CPEC projects and observed that theses should be considered to avoid any environmental hazards. CPEC projects are meant for socio-economic development of the country but utmost caution should be exercised for safer and greener environment. Minister also directed for resolving the issues immediately that may slow down the pace of work on CPEC projects. Minister particular inquired about status of work on various sections of Western route, whose construction is top and foremost priority of the government. He said that construction work on various projects of various sections of Western route should be completed as per the timelines to operationalize it at earliest. Minister said that federal government wants to complete the work on Western route on priority basis in accordance with its commitment made with national political leadership. Ahsan Iqbal also directed for speeding up the pace of work for land acquisition and financial close of projects under CPEC framework.
He said apart from infrastructure projects in Gwadar, social sector […]

Pakistan’s investment profile improved due to CPEC: Ahsan Iqbal

Federal Minister Planning, Development and Reform Ahsan Iqbal today said, Pakistan’s profile improved enormously in terms of investment destination because of China-Pakistan Economic Corridor (CPEC) coupled with the improved economic indicators and law & order situation across the country. Under Vision-2025, we are restructuring of portfolio of our productive sectors on cluster-based approach to transform agriculture, industry and mineral sectors. Minister Planning & Development stated this in a meeting with a delegation of Abraaj Group, which called on him at the ministry’s office. He described Pakistan as an attractive investment destination with launch of CPEC and said that Pakistan’s perception has changed drastically in 2015 from 2013 when country was labelled as the most dangerous in the world. “The world now recognizes Pakistan as next emerging success story”. Ahsan Iqbal said that country now needs to capitalize the changed perception of country in the world. For it, present government is launching “Brand Pakistan” campaign to remove the country’s misconceptions in the world. We have also declared 2016 as year of “Productivity, Quality & Innovation” for achieving competitiveness in the international market. Ahsan Iqbal maintained that we are mobilizing the indigenous resources to develop an export thrust  for the economy. Minister also highlighted Vision-2025, which lays out a roadmap for taking the country into top twenty five economic of the world by 2025. “The target is ambitious but achievable if government, private sector and academia synergize their efforts to achieve to eight percent growth rate annually in next ten year”, he stated. Ahsan Iqbal said that government values Pakistani diaspora’s contribution in development of energy sector in Pakistan. He said K-Electric –  subsidiary by Abraaj Group – has experience in reform of transmission and distribution […]

CPEC is long term broader investment framework: Ahsan Iqbal

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Minister Planning, Development and Reform Prof Ahsan Iqbal has said the China-Pakistan Economic Corridor is a long-term broad framework with multiple sectoral projects, which will be completed in different phases through bilateral agreements agreed upon by both sides as a win-win equation.

“Prior to the signing of the Memorandum of Understanding, there was nothing in papers even, and it has been developed to the present shape after series of joint meetings of experts from both sides,” he said, while talking to the mediamen at a local here on Wednesday. Prof Ahsan Iqbal mentioned various misgivings entertained by certain quarters from time-to-time. He categorically stated that the amount of $46 billion was an investment, terms of investment were transparent, no change at all in the route, equitable distribution of the industrial clusters in the provinces sans being provincial centric, and encouraging business-to-business mode of working. “Not even a coma of the initial agreement reached at the first APC has been changed till date, and numerous presentations have been given to the standing committees, parliamentarians and political leaders,” he said, adding that misperceptions had grown out of certain misunderstandings, which would be addressed whenever the quarters concerned would like to do. He mentioned that the initial investment worth $46 billion would be primarily used for developing the infrastructure and producing energy, and the bulk of this amount, that is, $35 billion would be utilised for energy, and the rest for developing the infrastructure. “Out of this, energy projects worth $11.5 billion are for Sindh, $7.1 billion for Balochistan, and the Punjab is the third with a share of $6.9 billion. Potential of the Khyber-Pakhtunkhwa is hydel, and multiple […]

KEY NOTE SPEECH FOR CHINA PAKISTAN BUSINESS CONFERENCE

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I am so delighted and honored today to welcome you all to China Pakistan Business Conference which I believe is an integral part of China-Pakistan Economic Corridor as it lays down the foundations for industrial cooperation between the two countries. CPEC is a flagship role model project for “The Road and the Belt” initiatives of China and now as its implementation is entering into a new dynamic phase, where enhanced economic and commercial cooperation has to be at the centre of our agenda. Conferences like this one provides excellent opportunity to advance this agenda including people to people contacts and match making amongst enterprises to achieve maximum benefits for both the countries. This delegation is also very important as it comprises of multiple sectors including energy, infrastructure, health care, telecommunications and textiles all of which have huge business opportunities within Pakistan. We have chalked out an impressive program through which participants can explore various opportunities lying in various Provinces of Pakistan.
Ladies and Gentlemen,
The CPEC is a fusion of multiple developments in the global, regional, bilateral and domestic contexts. The ultimate objective of which is peace, prosperity and well-being of the people of the two countries, the region and the world.
The global economic landscape has changed dramatically. The main drivers of this change have been technology, trade liberalization, freer capital movements, advances in communication and transportation infrastructure and creation of cross border supply chains. The center of gravity of the world economy has shifted east with the emerging economies growing at a much faster pace than the developed economies. Their share of GDP doubled in the last 50 years or so. In the last decade, 70 […]