Minister for Planning, Development and Reforms Ahsan Iqbal on Friday said that due to bold and prudent policies initiated by the present government, Pakistan was now poised to become amongst eighth fastest growing economies of the world by the year 2018.
He was addressing the Seminar on "issue of Development in Rural Areas",organized by Arid, Agriculture University Rawalpindi here.
Ambassador of South Korea to Pakistan , Pof. Dr Song Jong Hwan, also attended the event.
Ahsan Iqbal emphasizing on political stability said that " Political stability in the country was a must for sustainable economic development and prosperity of the country.
The Minister also inaugurated the Samuel Chair Center, along with South Korean Ambassador to Pakistan Dr. Song Jong Hwan to enhance the capacity building in live stock for rural economic development.
He said that the economy ,security and energy all the sectors were positive because of sound economic policies of the government.
Ahsan Iqbal added that Pakistan was an urbanized country in the world,"We required for upgrading the infrastructural development and need to provide health and education facilities in rural areas so that the rural population could not move to cities for basic amenities.
Minister for Planning and Reforms said that "We need to adopted the rural development model of South Korea for sustainable economic development in the Country.
Ahsan Iqbal said that,"We still have long way to achieve the objective of modern economic development and to bring prosperity in the country.
The Minister said that the government was committed to execute the prudent economic policies to get long term economic achievements for benefitting the people of the country.
The Minister said that in 1991, "our government has initiated the sound economic agenda for economic development, but unfortunately the policies was discontinued because of democratic government was toppled, adding that the same policies were adopted by other regional countries they got huge economic benefits".