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Pakistan’s economic fundamental strong: President

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ISLAMABAD: Addressing the participants at the National Defence University on Monday, the President said the country’s economic fundamentals were strong and hoped that the government would address the current downtrend. He said the issues of economy and terrorism must not be politicized as these might harm the national interests. The event was attended by Governor NWFP Owais Ghani, Chairman Joint Chiefs of Staff Committee General Tariq Majeed, Chief of the Army Staff General Ashfaq Parvez Kayani and Air Chief Marshal Tanveer Mahmood.

To a question about the prevailing economic situation, President Musharraf said it was certainly recoverable. “I hope the government moves forward politically for the salvation and putting back on track the de-railed situation. It is doable and achievable,” the President added. About country’s economic fundamentals, the President said “Alhamdolillah, these are right and have been endorsed by international institutions.” He said politicising developmental issues of the country could impact economic growth. The President stressed pursuing all projects to generate electricity and preserve water to meet the growing irrigation needs.

The President said it was important that the vast majority of the moderate people are weaned away from the extremists. He said there should be no politics involved while dealing with terrorism and the region be brought to mainstream by providing socio-economic development to the area. Similarly, he said, there was a need to integrate the Northern Areas both within and with the rest of the country, through roads and communications. Earlier, the President was given a presentation on the national strategy on greater integration of FATA and Northern Areas and the security dimension.

About food crisis the President favored giving higher price to the farmers to match the international prices to curb smuggling. He said Pakistan is pursuing a long term strategy to address poverty, unemployment and extremism through rationalization of education system across the country.

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Rubab Saleemhttp://www.rubabsaleem.com
Rubab Saleem is Editor of Pakistan Times
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