Islamabad - Deputy Chairman Planning Commission Sartaj Aziz said on Wednesday that economic growth rate has climbed to five per cent despite security challenges in the country.
He stated this while addressing an inaugural session of a 2nd national conference on “Emerging Macroeconomics Issues in Pakistan; Challenges and Future Perspectives” organised by the Department of Economics National University of Modern Languages (NUML).
Sartaj Aziz said that growth rate will be further increased by 2 to 3 per cent after the completion of the China Pakistan Economic Corridor (CPEC).
International institutions showed positive indicator for Pakistan’s economic situation and government will leave no stone unturned to further increase the stable economic condition, he said.
Sartaj Aziz said that there is visible positive indicator of economic growth. Sartaj said that energy crisis and security issues destroyed the economic activities but now the situation is improved. Load shedding will be eliminated by the mid of coming year.
He confessed that exports reduced due to certain reasons and this issue will be resolved soon.
Earlier, Rector NUML Major General (Retd) Zia Uddin Najam welcomed all the distinguished guests and said that Pakistan has 60 per cent youth which is an asset but this asset has become a liability due to the unavailability of resources.
He said Pakistan has the highest population growth rate which is also affecting the growth rate.
Eight research papers were presented by the scholars from the various universities and in closing session Member National Assembly Asad Umar was the chief guest and Director General NUML Mohammad Ibrahim welcomed him.
Prof. Dr Naheed Zia Khan, Dr Waqar Masood, deans, registrar, directors, faculty members and large number of students also attended the event.