DAVOS: Pakistan Caretaker Prime Minister Anwaar-ul-Haq Kakar said that Pakistan will enhance its competitiveness and attractiveness to foster regional industrialization.
Speaking at the “20th Digital Pakistan Breakfast at Davos 2024” event hosted by the Pathfinders Group during the World Economic Forum, he highlighted the substantial trade activity, around $336 trillion, taking place in China.
The prime minister mentioned that China, having transitioned to a new stage, might consider relocating some of its industries, and Pakistan could be a potential destination.
Furthermore, Prime Minister Kakar acknowledged the rich capital in GCC countries but noted their geographical challenges. He explained their options of either importing manpower or investing in countries with a conducive environment and cost-effective energy and labor.
Highlighting Pakistan’s unique attributes, such as diverse culture, geography, and topography, he emphasized the nation’s significant human resource potential, with 60% of the 240 million population under 30 years of age.
Discussing his government’s achievements, Prime Minister Kakar mentioned improvements in the governance structure and the development of a blueprint for the next government. He expressed confidence in the positive sentiment among the people, citing structural changes and revamping of the tax system.
The prime minister underlined Pakistan’s strategic geographical position, with Central Asia seeking connectivity through the country.
Providing a historical perspective on Pakistan’s identity rooted in ancient civilizations, diverse cultures, and languages, he stressed its broader significance beyond any specific religion. Commending the role of Ikram Sehgal, he called for more storytellers like him and affirmed the commitment to continue collaborating with the World Economic Forum and Pathfinder Group.
Zarrar Sehgal, Chairman of Pathfinder Group, echoed the need for Pakistan to showcase its attractiveness for investment globally. He praised the government’s efforts, evident in the rising DGP and decreasing inflation. Sehgal emphasized Pakistan’s pivotal role in various areas, including connectivity, and suggested that investments and reforms in education and digital financial inclusion would contribute to a positive economic transformation.
