Planning Minister Ahsan Iqbal vowed on Thursday to complete the provincial projects through the sharing formula.
According to details, Iqbal chaired a meeting during which the ongoing and new projects of the National Highway Authority in line with the Public Sector Development Programme (PSDP) were discussed. On this occasion, Iqbal stressed the need for completing the pending projects by removing any obstacles.
Iqbal had also urged the need to complete the ongoing projects in Balochistan under the PSDP.
– Saudi Arabia likely to invest $5bn in Pakistan: Ahsan Iqbal –
Few days back, Iqbal said that Saudi Arabia was likely to invest $5 billion in Pakistan.
Addressing the Business Summit in Islamabad, Iqbal said: "Prime Minister Shehbaz Sharif will visit Saudi Arabia soon. The Saudi crown prince is likely to visit following the premier visit to Saudi Arabia."
"The annual revenue of the country is Rs 7,000 billion. This time around, we need Rs 8,000 billion to pay the loans," Iqbal added.
Stressing the need for expanding investment, Iqbal said: "Pakistan needs to expand exports and investment."
He emphasised the need for political stability, saying, "There is a dire need to embrace political continuity."
"Pakistan can become a $2,000 billion economy by 2047 with seven percent economic growth," he maintained.
Calling for joint efforts to foster the country's economy, Iqbal said: "Lets join hands in a bid to make the country a $3 trillion economy."
Speaking about the China-Pakistan Economic Corridor (CPEC), Iqbal said: "The talks with China are underway to accelerate the second phase of the China-Pakistan Economic Corridor.".
"The talks with United Arab Emirates (UAE), Kuwait, and Qatar are also underway for the investment," Iqbal maintained.
