Pakistan has great potential to achieve much higher economic growth: Sharmila Faruqui


Karachi  : The Special Assistant to Chief Minister Sindh for Media Affairs Ms. Sharmila Faqurui said that Pakistan has great potential to achieve a much higher economic growth dramatically on a sustained basis.

For this purpose innovative ideas are needed and global assistance in areas of trans-regional connectivity and infrastructure development which will open up Pakistan to neighboring and regional countries like Central Asia, China and countries in the region, on one hand, and with Turkey and the Middle Eastern region, on the other.

She was talking at a Discussion Forum organized by Chartered Institute of Management Accountants (CIMA) here at Karachi. The theme of the discussion forum was “Performing to Potential: Pakistan as a Nation”.

Sharmila Faruqui said geo-strategic location of Pakistan offers great opportunities for enhanced regional economic cooperation, regional connectivity through transport, energy and telecommunications. 

The panel included Asad Umar from Pakistan Tahreek-e-Insaaf, Mr. Qaiser Ahmed Sheikh of Qaiser group of Companies, and Mr. Rohantha Athukoral from Sri Lanka, who shared his experience on the role of private sector in the national resilience and the benefits of conflict resolution and peace dividends. 

The panel deliberated on the key constraints for Pakistan to its potential and the strategies required to unleash the true potential of Pakistan. The top issue on the agenda was the looming power crisis that was reported to have the potential of wiping away almost a billion dollars in exports for the year 2012, whilst the next issue that was highlighted was the 2014 GSP+ trade agreement that was at negotiation stage with EU.

Sharmila Faruqui also focused on country’s visionary leadership in economic growth, provision of creating opportunities for next generation of leaders and how to face challenges looming towards country’s economy.