Minister for Interior and Planning, Development and Reform Ahsan Iqbal says Pakistan is now being recognized as an emerging economy by the world's renowned financial institution due to prudent economic policies of the government, reported Radio Pakistan.

He was speaking at the inaugural ceremony of National Centre of Artificial Intelligence in Islamabad on Friday.

Ahsan Iqbal said China-Pakistan Economic Corridor (CPEC) has made Pakistan centre of attention. He said continuity of policies is essential for economic stability.

He said we have to move forward in the fields of science and technology to achieve sustainable development and prosperity.

Minister for Planning and Reforms said the government has chalked out vision 2025 to address the long-term challenges and for the promotion of knowledge-based economy.

He said the present government laid the foundation of several initiatives with regard to knowledge revolution. It will establish one campus of the university in every district.

Ahsan Iqbal said the government is committed to empowering the people of backward areas of the country to ensure their contribution towards development.

Turning to issue of terrorism, he said the backbone of terrorists has also been broken and they are on run. The government has also overcome the challenge of load shedding in the country.

The Federal Minister said that artificial intelligence is an important pillar of fourth industrial revolution. He said that establishment of National Centre for Artificial Intelligence will bring our country on the world's map of artificial intelligence. This technology will also create numerous opportunities for jobs within the country.

Later, Ahsan Iqbal inaugurated the National Centre of Artificial Intelligence.