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Planning Minister terms peace vital for economic development

Planning Minister Ahsan Iqbal has underscored the need for political stability and continuity of economic policies to attain social development.

Addressing the Pakistan Development Summit in Islamabad today, he said peace and political stability are prerequisite elements to put the country on the path of economic development.

Highlighting the significance of the China-Pakistan Economic Corridor Project, the Minister said it is a game-changer project, which will help to transform local industrial and agriculture sectors.

He also called for mobilizing domestic resources to meet the financial requirements and reducing the reliance on borrowing.

The Minister also stressed the need to strengthen the foreign exchange reserve of the country to ensure the timely payments of all international commitments.

Source: Radio Pakistan