Pakistan: China The Pakistan Economic Corridor (CPEC) represents Pakistan’s future and will provide the country with significant strategic advantages, but in order to advance the project to the next stage, political will and national agreement are required.
Speaking at the 5th Leaders in Islamabad Business Summit 2022 “Imagining the future,” Zubair Mahmood Hayat, a former chairman of the Joint Chiefs of Staff Committee, made this claim. Together with OICCI – Overseas Investors Chamber of Commerce & Industry, Nutshell Conferences Group and Martin Dow Group served as the summit’s co hosts.
According to him, Pakistan is one of the 20 nations of major importance in the developing new world, with both strengths and weaknesses, but we must maximise our potential and make progress in the right direction.
Pakistan’s strengths and weaknesses, including the tax situation and the role of cartelization in the industries that is sabotaging the economic advantages, require serious repair in order to sustain the economy.
He stated that Pakistan, which has 240 million citizens, is the fifth-most populated nation in the world, the fourth-most intelligent, and has the fifth-largest English-speaking diaspora with the best internet connectivity. All of the country’s principles are still in existence, but they have never been combined, which is a concern.
He continued, “Pakistan is one of the nine nuclear-armed powers in the world that cannot be contained; it has every right to protect its interests in the world, particularly on the economic front.”
According to Senator Musadik Malik, the Minister of State for Petroleum, the growth of Pakistan can be attributed to projections of the future, such as the construction of dams, the production of 11,000 megawatts, the Lady Health Care Program, etc.
With visions for the future, Pakistan would be a different country in 2047, and its implementation through consistent policies is essential for many sectors to be implemented without intervention.
He said that after we secure the fundamentals for our country, we can start putting our imagination into practise. Even in 2022, Pakistan’s nation would still be fighting for basic human rights like access to healthcare and education that are taken for granted everywhere else.
Some national concerns, including the country’s defence system, should never be compromised, according to Air Chief Marshal (Retd) Sohail Aman, Chief Executive Strategic Engagements, Nutshell Group. In contrast, the Charter of Economy is crucial for Pakistan’s economy to be stabilised.
Pakistan has demonstrated sustainability on a number of unfathomable fronts, including the construction of nuclear missiles and jet fighters, which may be an indicator of our capacity to create sophisticated and important equipment.
By transferring technology, fostering research, and forging links between the business and academic worlds, we can create a variety of machinery locally, including cars and appliances.