A step in the right direction: PTEA

Says Vision 2025 could help enhance country’s exports.


Imran Rana August 16, 2014

FAISALABAD:


The Pakistan Textile Exporters Association hailed the launch of “Vision 2025”, calling the project the right step toward transforming the country into an economically prosperous one.


PTEA Vice Chairman Sheikh Ilyas Mahmood and Vice Chairman Adil Tahir said the programme will help enhance exports and will add Pakistan to the list of globally competitive and prosperous countries by providing a high quality of life for all citizens.

“It is encouraging that emphasis has been given to entrepreneurship development and private sector-led growth in the Vision 2025 programme,” said Mahmood.

The seven major outlines of Vision 2025 include; developing human and social capital, achieving sustainable indigenous and inclusive growth, governance of institutional reforms and modernisation of public sector, energy water and food security, public sector-led growth and entrepreneurship, developing a competitive knowledge economic through value addition, modernization of transportation, infrastructure and greater regional connectivity. If fully implemented, they would bring up Pakistan as a strong economic power on the globe.

Mahmood stressed the government should take measures to improve the functioning of the private sector so that it can contribute more effectively to the growth and development of the country.  “Strategic planning and timely execution of plans would transform our economy.

“Technology constraints are one of the main hurdles holding back Pakistan from achieving socio-economic development. Government should focus on introducing latest technology in every sector. Though many incentives have been announced for textile sector, including technology upgrade, we are still awaiting its implementation in true letter and spirit to ensure achieving desired results,” he said. “We need to enhance exports to provide cushion to Pakistan’s sagging economy and ensure sustainable economic growth.”

Published in The Express Tribune, August 16th, 2014.

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