ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives, Sami Saeed has said that the government’s plan is to elevate Pakistan’s exports from $30 billion to $100 billion in the next seven to eight years.
“This growth trajectory is essential for Pakistan’s survival and prosperity. We must transition from a traditional economy to a technology-driven economy, where research, development, and innovation provide a competitive edge on the global stage,” the minister expressed these views, while addressing a conference held at the National University of Sciences and Technology (NUST) on Thursday.
As the chief guest, the minister highlighted the transformative potential of Pakistan’s youth and female entrepreneurs, emphasising their pivotal role in driving innovation and economic growth.
Addressing the challenges posed by climate change, the minister highlighted the government’s focus on water and food security and the integration of technology to revolutionise agriculture. He stressed the importance of sustainable practices and investments in environment-related initiatives, aligning with the government’s overarching development goals under the 5Es Framework.
In his address, he underscored the importance of the digital revolution and knowledge-driven innovation. He noted, “The world is witnessing an explosion of knowledge and technological advancements. For Pakistan to secure its place on the global stage, we must transform ourselves into a hotspot for entrepreneurial and innovative ventures.” He lauded the burgeoning startup movement in Pakistan, emphasising the entrepreneurial spirit that has taken root across the nation.
Highlighting the critical role of women in nation-building, the minister said, “Our young women are not just excelling in startups but are making strides in science and technology globally. Their success stories are reshaping the narrative of female participation in Pakistan’s development.” He shared examples from Narowal University, where female students form a significant majority, demonstrating the power of education in transforming lives and bridging gender gaps.
The minister also reflected on past initiatives that empowered youth through technology, such as the distribution of merit-based laptops, which saw significant participation from young women. He reiterated the government’s commitment to creating more opportunities for women through education, access to credit, and skill development programmes.
Reflecting on Pakistan’s economic journey, he said that there is need to overcome past crises and maintain political stability, continuity of policies, and good governance. He noted, “Countries like South Korea, Malaysia, and China achieved progress through consistent policies and long-term commitments. We must learn from their examples to ensure sustainable growth for Pakistan.”
Copyright Business Recorder, 2024
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