Pakistan is an emerging economic power: PM Nawaz

Blackwater

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KARACHI: Prime Minister Nawaz Sharif inaugurated the four-day 9th Expo Pakistan exhibition in Karachi on Thursday.

PM Nawaz while addressing the delegates at the Expo, said that Pakistan is an emerging economic power and the Expo is a representation of the country's industrial tradition.

The PM said the fact that the Expo is being held in Karachi made it evident that the city holds great importance in the world of business.

He went on to say that the Expo has successfully attracted the attention of several foreign investors and economic growth is the top priority of Pakistan.

He added that foreign countries and international companies will be provided facilitation for investments in the country.

He also said that the Expo provides an excellent opportunity to showcase Pakistani products to the world.

The PM further said that Pakistani Basmati rice is known worldwide for its unique quality.

Regarding the textile industry, the PM said that Pakistan will boost exports to $26 billion by 2019.

He added that the grant of Generalised System of Preferences (GSP) Plus status to Pakistan by the European Union (EU) was a huge achievement.

PM Nawaz went on to say that a contract is in place for trade with South Africa.

He also said that preferential trade agreements with Iran and Indonesia have been finalised.

Regarding the energy crisis in the country, the PM said that the government is making the utmost efforts to resolve the issues. He added that the problem of electricity would hopefully be solved within the next three years.

He further said that speedy efforts were being made for the running of LNG and coal based power plants.

The Expo 2015 has over 1000 delegates attending from 75 countries.

The four day mega event is showcasing the largest collection of export merchandise and services including textile, leather, agro food, readymade garments, jewellery, engineering, handicrafts, chemicals, surgical, sports goods, and pharmaceuticals.

The Trade Development Authority of Pakistan (TDAP) expects to get export orders of over $1 billion from the Expo.

Chief of Army Staff (COAS) General Raheel Sharif is also attending.

PM Nawaz reached Karachi today on a one-day visit to review the implementation of decisions by the Apex Committee and to inaugurate the Expo.

According to sources, he is also likely to meet the family of late Justice Rana Bhagwandas to express his condolence.

The PM is expected to chair a high level meeting at Governor House with provincial ministers.

Pakistan is an emerging economic power: PM Nawaz | PAKISTAN - geo.tv
 

rock127

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Even Bangladesh is going better.

Dreams are always free so Pakis are free to dream.
 

Kay

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Pakistan has good potential but many miles to go. Hopefully their future COAS will not be present in future Expos.
 

Sylex21

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Technically anything can fit the description "economic power". I'm sure so is Iceland by his definition
 

Ray

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Emerging economic power?

Emerging from the gopher's hole and running back scared having seen its own shadow.

Pakistan must first have an economy and then talk about being a power - emerging or tottering.
 

PredictablyMalicious

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He's technically right. Virtually every third world country can be considered an "emerging" economy. The reason is that when you're down in the dumps, you got no where to go but up.
 

Compersion

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it would be a good opportunity to start comparing pakistan with local states (like Maharashtra and Gujarat and UP) in terms of statistics and performance. with that in mind start sending delegations even the CM groupies from such states to pakistan to share and bring about business opportunities. bring it down a few levels.
 

Ray

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He's technically right. Virtually every third world country can be considered an "emerging" economy. The reason is that when you're down in the dumps, you got no where to go but up.
That maybe so.

But 'power'?
 

Ancient Indian

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These threads are great. I am shifting my base from Politics section to this section.
At least, it will save my sanity.
 

jackprince

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There's nothing wrong in dreaming, after all the next door neighbour Afghanistan's main exports main consumer are the Pakistanis.

Weed-smoking is their national recreation.
 

prohumanity

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May be Pakis are thinking of selling "Export Quality" terrorists to all nations of World . They are dreaming that the business of "bloody Jihad" can make them "economic power" ...that's what happens when crazy, fundoos smoke "terrorism Hukkah with opium in it"
 

Blackwater

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He's technically right. Virtually every third world country can be considered an "emerging" economy. The reason is that when you're down in the dumps, you got no where to go but up.
Pakistan still have to go down more
 

warrior monk

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You must be joking right a 232 billion dollar $ Country growing at 4 percent , does any one in Pakistan understand Maths and Economics.
 

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