Pakistan has squandered the economic growth opportunity in the past because of political instability, Interior Minister Ahsan Iqbal has said, asserting that \u201ctanks and missiles\u201d alone cannot save a country.<\/p>\n
Iqbal, who is also the Minister for Planning and Development, claimed that 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, the Express Tribune Reported.<\/p>\n
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.<\/p>\n
He was speaking at the inauguration of Pakistan National Centre for Cyber Security in Islamabad on Monday.<\/p>\n
\u201cThe first opportunity for Pakistan\u2019s 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,\u201d he was quoted as saying by the daily.<\/p>\n
He described peace, stability and continuity as critical for economic progress.<\/p>\n
\u201cWe will have to think why many countries which were behind us are now far ahead. China\u2019s per capita income was far below Pakistan\u2019s but is now much higher. Similarly, Bangladesh\u2019s foreign reserves have reached USD 33 billion while we are at USD 18 billion. For how long, we will watch other countries overtake us,\u201d the minister said.<\/p>\n
He said \u201ctanks and missiles\u201d alone could not save a country if it\u2019s not strong economically.<\/p>\n
He said while the Pakistani armed forces had \u201crendered great sacrifices, the successful fight against terrorism was possible also because of the availability of funds from the national budget.\u201d<\/p>\n
\u201cThere 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,\u201d Ahsan added.<\/p>\n","protected":false},"excerpt":{"rendered":"
Pakistan has squandered the economic growth opportunity in the past because of political instability, Interior Minister Ahsan Iqbal has said, asserting that \u201ctanks and missiles\u201d alone cannot save a country. Iqbal, who is also the Minister for Planning and Development, claimed that during the 90s then Indian finance minister Manmohan Singh borrowed economic reforms strategies […]<\/p>\n","protected":false},"author":1,"featured_media":31852,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[87],"tags":[],"class_list":["post-31851","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/31851","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=31851"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/31851\/revisions"}],"predecessor-version":[{"id":31853,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/31851\/revisions\/31853"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/31852"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=31851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=31851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=31851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}