Search

Pakistan’s economy moving towards stability: Yousuf Raza Gilani

Peshawar: Acting President Syed Yousuf Raza Gilani says Pakistan's economy is moving towards stability and new opportunities for trade and investment are opening up.Syed Yousuf Raza Gilani addressed the Pakistan Business Summit held in Peshawar on Thursday.In his remarks, the Acting President said that Khyber Pakhtunkhwa holds great potential for business and investment. He expressed satisfaction that the summit had been organised to explore ways of boosting Pakistan's economic growth and development.Yousuf Raza Gilani said that Pakistan's economy was moving towards stability and that new opportunities for trade and investment were opening up. He noted that both local and international investors were showing confidence in Pakistan, as the government continued its efforts to ensure a secure and supportive environment for business.He emphasised that Pakistan's young population, which makes up around 60 percent of the country, is its greatest strength. He said that empowering the youth and helping them realise their potential is vital for a prosperous future. Yousuf Raza Gilani also highlighted the importance of tourism, recalling that during his tenure as Minister for Tourism, he had established the Malam Jabba chairlift to encourage tourism in the region.Speaking about Pakistan's struggle against terrorism and extremism, the Acting President said that when dialogue failed, the government was left with no choice but to take firm action. 'When we stood up against terrorism and extremism, the whole world supported Pakistan,' he said. He added that more than 2.5 million internally displaced persons were successfully rehabilitated within 90 days, in collaboration with the international community, which was a remarkable humanitarian effort that gained global recognition.Yousuf Raza Gilani shared that despite personal hardship, including the abduction of his son by terrorists, he chose the path of peace, progress and cooperation with the international community. He said that Pakistan's sacrifices in the figh t against terrorism, made by its people, armed forces, police, Levies and Frontier Corps, must never be forgotten or allowed to go in vain.He recalled that as Prime Minister, he had invited 14-year-old Malala Yousufzai to his office and presented her with a national peace award for her courage and commitment to education, long before she received international acclaim.Yousuf Raza Gilani said that Pakistan and Afghanistan are bound by geography, faith, culture and history, describing the two countries as 'twin brothers.' He added that a peaceful and stable Afghanistan is in Pakistan's best interest and expressed hope that Afghan soil would never be used against Pakistan. He reaffirmed Pakistan's commitment to maintaining constructive relations with Afghanistan as well as with all neighbouring countries, including China, Russia and Iran.Reflecting on his interactions with world leaders, Yousuf Raza Gilani said that Pakistan has always sought peace and dialogue in the region. Referring to the aftermath of the Mumbai attacks, he said that Pakistan had offered full cooperation and proposed resuming talks to resolve all outstanding issues, including Kashmir, Siachen and terrorism.In conclusion, the Acting President said that nations learn from their mistakes and must move forward with unity and wisdom. Quoting an Urdu verse, he said, 'Lamhoon ne khata ki thi, sadiyon ne saza paai,' reminding that Pakistan cannot afford further errors. 'We have learned from our experiences. Now we must build a future founded on peace, stability and progress,' he said.He expressed confidence that closer cooperation between the public and private sectors, together with lasting regional peace, would help strengthen Pakistan's economy and create a more prosperous future for its people.Meanwhile Governor Khyber Pakhtunkhwa Faisal Karim Kundi, senior PPP leaders and members of the business community were also present.Acting President Syed Yousuf Raza Gilani and Governor Khyber Pakhtunkhwa Faisal Karim Kundi visited the residence of PPP leader Ms. Asma Arbab Alamgir to offer condolences on the passing away of her father.Yousuf Raza Gilani and the Governor expressed deep sorrow and grief over the demise and prayed for the departed soul. They also offered Fateha for the deceased.Acting President Gilani conveyed heartfelt sympathies to Arbab Alamgir and his family, saying that he shared their grief and stood with them in this difficult time. He prayed that Almighty Allah grant courage and fortitude to the bereaved family to bear this irreparable loss.PPP Provincial President Muhammad Ali Shah Bacha, MPA Arbab Zark, and other party members were also present on the occasion.Meanwhile Syed Yousuf Raza Gilani has stressed the need for collective efforts to tackle the challenges faced by the country.Talking to media in Peshawar on Thursday, he called for working together for the security and stability of the country.The Acting President emphasized for supremacy of law and constitution to provide due rights to the federating units.On a question about dialogue with Afghanistan, he said that all decisions are being taken under the framework of national foreign policy.