World community focused on trade for economic growth: Nawaz says

2013-09-25 01:23:17 | Al Muslim News
World community focused on trade for economic growth: Nawaz says

 

Pakistan's Prime Minister Nawaz Sharif urged the world to focused on trade as the path to economic development and not aid since it fosters dependency, he was addressing a high-level UN Political Forum on Sustainable Development as a keynote speaker. The Prime Minister was invited by the President of UN General Assembly to share his ideas and suggestions on the issue of Global partnerships for development to create jobs and improve sustainable lifestyles. Nawaz Sharif said the development agenda should not be based on aid alone. He said that he was an advocate of trade and not aid, market access, economic partnerships, and transfer of technology and scientific know-how. The prime minister added he was against aid because it creates dependency and stunts the growth of states. Regarding poverty reduction, he also pointed out that despite efforts that have been made by the United Nations, “poverty is still stalking the earth.” Sharif said his government was investing maximum time and energy in indirect interventions, in reviving the national economy and taking the economic growth from the present 3.6% to more than 7% in next five years. This will give a strong stimulus to agriculture, industry, trade, and services and create millions of new jobs. The government is also giving incentives to the private sector to generate maximum employment, he noted. The premier also called on Microsoft co-founder Bill Gates, who assured Nawaz Sharif of his cooperation in eradicating polio from Pakistan..

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