Pakistan needs policy consistency to follow China’s progress: FM

January 31, 2025 (MLN): Pakistan needs policy consistency, investment in education, and industrial growth to follow China's path to progress.

This was stated by the Federal Minister for Maritime Affairs, Qaiser Ahmed Sheikh, during his speech at the Chinese Spring Festival New Year celebrations organized by China Media Group (CMG).

The Minister reaffirmed the deep-rooted friendship between Pakistan and China, stressing that China’s unwavering support has been instrumental in Pakistan’s infrastructure and economic development.

He credited CPEC (China-Pakistan Economic Corridor) for revolutionizing Pakistan’s connectivity, trade, and energy sectors, according to the press release issued.

He said that China’s investment through CPEC has not only enhanced Pakistan’s transportation network but also created thousands of jobs and boosted industrial growth.

He also emphasized Pakistan’s strategic advantage due to its deep-sea ports, particularly Gwadar, which holds immense potential for regional trade.

He asserted that China is a true model for development, and Pakistan can achieve similar success by adopting its strategic policies.

The Minister praised China for uplifting its people through a strong welfare system, eliminating economic disparities, and significantly improving living standards.

He stated that China has successfully removed the gap between the rich and poor and has become a global example of sustainable development.

He shed light on China's economic transformation, citing its $3.5 trillion in exports, achieved through high-quality, affordable products and a business-friendly environment.

He emphasized that a strong focus on education and technical training has been key to China’s industrial and technological advancement.

This, along with ease of doing business, has enabled rapid economic growth and global competitiveness.

He noted that Pakistan, despite its potential, faces economic challenges.

Pakistan has a 9-10% share in global poverty, but the government is taking initiatives to improve living standards and has successfully reduced the rising pace of inflation.

He also highlighted that the government has set a $35 billion target for remittances to boost economic stability.

Reflecting on Pakistan’s economic journey, the minister pointed out that from 1947 to 1990, Pakistan was on a strong growth trajectory despite limited resources.

During that period, Pakistan’s GDP was 50% higher than India’s.

He recalled that Indian Prime Minister Manmohan Singh once sought advice from Dr. Mahbub ul Haq regarding Pakistan’s economic policies.

However, post-1990, India’s economy surged, growing 12 times faster than Pakistan’s due to policy consistency and economic reforms.

Highlighting his own contributions to Pakistan’s education sector, the Minister mentioned his 35-year tenure as a Board Member of FAST University and his role in establishing its fifth campus in Chiniot.

He stated that he has learned from China’s education model, which prioritizes technical skills and innovation.

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