ISLAMABAD - Federal Minister Prof Ahsan Iqbal has said that Pakistan Vision 2025 will be launched on August 11 by the Prime Minister.

In a meeting with German Ambassador Dr. Cyrill Nunn here, the Minister presented him the salient features of Pakistan Vision 2025, the country’s long term national development plan.

“This vision will put Pakistan on a fast-track of growth and make it one of the fastest emerging markets of the world. The focus of Pakistan Vision 2025 is to create a strong economy for stable and strong Pakistan”, Ahsan Iqbal remarked.

The Ambassador appreciated the economic initiatives undertaken by Government of Pakistan and called for strengthening the ties between two countries.

The Ambassador informed the Minister about upcoming events in Germany for promotion of economic cooperation between two countries and discussed areas for future cooperation.

Ahsan Iqbal outlined the priorities of government and explained the high priority accorded to the energy sector as energy loss is hampering economic growth of the country. “Government has given highest priority to energy sector for the next two years,” he said.

The Minister said the government is working to end the electricity crisis and adopting cheaper means to control high cost of generation and for that several new coal-based power plants are being installed on a fast-track basis.

The Minister said, “Coal-based power plants take three years to complete.

By 2017, we will have significantly increased electricity generation capacity.”

He further said that government has expedited work on on-going energy projects and is also focusing on energy efficiency, demand management and distribution system upgradation.

“In partnership with the provincial governments, federal government is launching an awareness campaign to help improve energy efficiency and manage electricity demand,” he added.

He further said, “We hope 2,000 megawatt power will be available within a year with the completion of these ongoing projects. We are also expecting a saving of 1000 megawatt by introducing demand management measures.”

Talking about the infrastructure, the Minister highlighted that the government has taken several initiatives to improve it which will create jobs as well as improve delivery and transportation of goods and services.

The Minister also shared current projects with the Ambassador and said that Karachi-Lahore Motorway (KLM) is a mega project which will improve the road network of Pakistan.

The Minister also talked about the steps taken to modernize the railway system which will help in coal transportation for coal-based power plants.