India borrowed our economic plans, claims Ahsan Iqbal

Published: May 22, 2018
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Interior Minister Ahsan Iqbal. PHOTO: FILE

Interior Minister Ahsan Iqbal. PHOTO: FILE

ISLAMABAD: Minister for Planning and Development Ahsan Iqbal has said India borrowed Pakistan’s economic and reforms plans and implemented them successfully while “we squandered the opportunity largely because of political instability”.

Speaking at the inauguration of Pakistan National Centre for Cyber Security in Islamabad on Monday, Iqbal, who also holds the portfolio of interior minister, said during the 90s then Indian finance minister Manmohan Singh borrowed economic reforms strategies from his Pakistani counterpart Sartaj Aziz and successfully implemented them in India.

He said Bangladesh also successfully used the same strategies but Pakistan could not put its own plans to use as the decade was lost to political instability.

The planning minister said the first opportunity for Pakistan’s economy to take off came in the 60s, the second in the 90s, and the third opportunity is knocking at the doors now, which must not be lost to instability like in the past.

Enough is enough, Ahsan Iqbal tells CJP

He described peace, stability and continuity as critical for economic progress.

“We will have to think why many countries which were behind us are now far ahead. China’s per capita income was far below Pakistan’s but is now much higher. Similarly, Bangladesh’s foreign reserves have reached $33 billion while we are at $18 billion. For how long, we will watch other countries overtake us,” the minister wondered.

He said tanks and missiles alone could not save a country “if it’s not strong economically”. He said while the armed forces had rendered great sacrifices, the successful fight against terrorism was possible also because of the availability of funds from the national budget.

“There was a time when terrorists had surrounded us but today the state has cornered them. If we squander this opportunity, the history and future generations will not forgive us,” Ahsan added.

He said in 2013 Pakistan was using 2G wireless technology but the country would now be among the first users of the 5G technology in the world.

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Reader Comments (14)

  • Manzoor Ahmed
    May 22, 2018 - 10:10AM

    India also borrowed our na ahal pm to destabilize Pakistan. PML n always bring out the best of lies and their names ought to be given to Guinness records for most lies to any nation.Recommend

  • Uzi
    May 22, 2018 - 10:12AM

    PML-N has been in power quite a few times in the past. How much have they contributed to the problems plaguing the country today? Sharif family’s own businesses have grown exponentially in the meantime. Recommend

  • Bunny Rabbit
    May 22, 2018 - 10:41AM

    Hey take it as a back handed compliment man. imitation is the best form of flattery and whats wrong in ” borrowing ” ( whatever that means ) good successful plans ?Recommend

  • Libra
    May 22, 2018 - 10:52AM

    No. We have borrowed Nawaz Sharif, his family and aides from India.Recommend

  • ABC
    May 22, 2018 - 11:16AM

    I thought bullet damaged his arm but it seems the bullet damaged his brain too Recommend

  • Amjad Sheikh
    May 22, 2018 - 11:54AM

    Well then you should borrow India’s IT plan, South Korea’s Automotive Plan, and Finland’s Education Plan. Who told you to go to sleep.Recommend

  • Reader
    May 22, 2018 - 12:45PM

    @Amjad Sheikh:
    My dear, he is stressing on the importance of political stability not about lack of economic plans.Recommend

  • Atif
    May 22, 2018 - 1:10PM

    Khalai Maqlooq decides what is good for Pakistan.Recommend

  • Prada
    May 22, 2018 - 1:28PM

    Sue India and ask them to return the “borrowed” plans !!Recommend

  • sal_Sal111
    May 22, 2018 - 1:46PM

    For any “economic” plans, you need money. it is not the political instability, it is lack of money that Pak could not implement the so-called plans. . Recommend

  • tatvavetta
    May 22, 2018 - 1:51PM

    Bangladesh borrowed Pakistan’s Islamic nation theory and implemented it better.Today Bangladesh is better in all economic indicators including Taka which is better valued
    than Pakistani Rupee Recommend

  • Abid
    May 22, 2018 - 3:54PM

    I wish i could meet him someday…. Recommend

  • Allaisa
    May 23, 2018 - 4:48AM

    So what is new? Intellectual property theft by India and Bangladesh. They should be sued before World Trade Organization and made to pay compensation (Say $100 billion by Bangladesh and $250 billion by India). Good luck. BTW what has happened with coffee/biscuit discussions with World Bank about IWT? Did the people who went to Washington make lot of water for Pakistan?Recommend

  • Tiesto
    May 23, 2018 - 11:32AM

    @Abid:
    I have met him. Trust me, nothing impressive about him. Recommend

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