LAHORE: Federal Minister for Planning, Development and Reforms Ahsan Iqbal has said political stability, solid vision, continuity of policies, growth of human resource and peace are essential elements for progress of the country which are on top priority of the government.
Talking to the media at a local hotel on Friday, he said economy could not be revived in a day as time was required to put the things on a right direction.
He said when the government came in power economy was going downward but now it had started improving and it was just because of the sincere efforts of the incumbent government.
Ahsan said in upcoming budget the government would start new development projects, adding that China had offered projects for power generation which would bring about revolution.
He said the cabinet meeting had given an approval for installing Liquefied Natural Gas (LNG) terminal which would be established by this year. The government was also trying to increase resource mobilization, he added.
He said every institution was working within its constitutional limits and those elements depicting wrong picture were enemies of the country.
Responding a question, he said the Protection of Pakistan Ordinance (PPO) was an unusual law and would expire after two years.
Later, the minister, addressing a roundtable feedback session on capital market development programme, said that capital market brought transparency and competitiveness in the industry.
He said in Vision 2025 seven major things had been focused, including, water, energy and food security, economic revival with a focus on mobilizing indigenous resources, development of human and social capital, infrastructure development, value addition of economy and agriculture sector, institutional reforms and bringing about reforms for improving security to ensure sustainable development.
The minister assured the members of the session that he would forward ideas to the prime minister and the finance minister for proper use of capital market.
LSE Chairman Salman Shah, Nadeem Naqvi and Aftab were also present.