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Pakistan has highest quantum of consumption among emerging economies: minister

ISLAMABAD: Minister for Planning and Development, Makhdum Khusro Bakhtyar on Wednesday said quantum of consumption in Pakistan was at 93 percent of the gross domestic product (GDP), the highest among the emerging economies. "Saving rate in Pakistan is less than half of other countries of the region," he said while addressing the inaugural session of a three-day 34th Annual General Meeting and Conference of Pakistan Society of Development Economists that began in Islamabad on Wednesday. The planning minister said the…

Projects in less developed areas of KP, Balochistan priority: planning minister

ISLAMABAD: Federal Minister for Planning and Development Makhdoom Khusro Bakhtiar on Friday said projects on the Western route were a priority of the government that would open and ensure uplift of less developed areas of Khyber Pakhtunkhwa and Balochistan. He said this while chairing a meeting of Cabinet Committee on China Pakistan Economic Corridor in Islamabad on Friday. The conveners of the Joint Working Groups on Energy, Infrastructure, Gwadar, Planning and Industrial Cooperation briefed the committee about the…

Socioeconomic development, poverty alleviation new doors of CPEC: Khusro

ISLAMABAD: Minister for Planning, Development and Reform Makhdum Khusro Bakhtiar Tuesday said that promotion of trade and industrialisation, cooperation in the field of agriculture, socioeconomic development and poverty alleviation were new vistas of the China Pakistan Economic Corridor (CPEC). "The governments of both sides are committed towards uplift of the less developed areas," he said while chairing 57th CPEC progress review meeting here at the Planning Commission. Secretary Planning Zafar Hasan, Project Director…

Planning minister calls for expanding cooperation between Pakistan, ADB

ISLAMABAD: Federal Minister for Planning, Development & Reform Makhdoom Khusro Bakhtiar has called for further expanding the scope of cooperation with the Asian Development Bank (ADB) in various sectors of the country, especially in the underdeveloped areas for sustained socio-economic development. "Pakistan values its partnership with the ADB. Pakistan appreciates its contribution and assistance over the decades in various development initiatives in the country," he said while talking to a delegation of the bank…

Govt to expand scope of CPEC, improve project priorities: minister

ISLAMABAD: Minister for Planning and Development Khusro Bakhtiar on Tuesday said that the government will expand the scope of the China-Pakistan Economic Corridor, but will reduce any unnecessary projects brought in by the previous government. Addressing a press conference alongside Information Minister Fawad Chaudhry, the federal minister said that he wants to inform the nation about the current state of the economy. He said that the number of direct tax payers is abysmal and there is a need to balance with indirect…

Planning minister directs to expedite completion of SEZs within three months

ISLAMABAD: Minister for Planning, Development and Reforms Makhdoom Khusro Bakhtiar has said that development of the Special Economic Zones (SEZs) under the China-Pakistan Economic Corridor (CPEC) is the priority area of the new government to ensure creation of new jobs, achieve high economic growth and encourage exports. The minister was chairing a meeting attended by Secretary Ministry of Planning Shoaib Ahmad Siddiqui, Project Director CPEC Hassan Daud, officials from the Board of Investment and Ministry of Commerce and…

Political stability must for sustainable development: minister

ISLAMABAD: Minister for Planning, Development and Reforms Ahsan Iqbal on Thursday said that political stability is imperative for sustainable development in the country.  Addressing the China Pakistan Economic Corridor (CPEC) International Logistic Forum held under the auspices of National Logistic Cell, the minister said Pakistan has paid a heavy price for political instability in the past, and fast development could not be materialised due to lack of political stability and consistency of policies. The minister said…