Karachi: Economic experts say that think tanks should be established to bring prosperity to the country and eradicate poverty and all the 5 A’s of the Udan Pakistan project should be included in the second phase of CPEC.
It should be noted that the 5 A’s in Udan Pakistan, the five-year economic revival and development plan launched by the federal government, refer to Export, e-Pakistan, Environment and Climate Change, Energy and Infrastructure, and Equity and Employment.
Experts say that the government has launched a new and comprehensive plan for economic prosperity, but without structural reforms, there is a risk of its failure.
To make the project successful, significant reforms are necessary for industry, productive resources, taxes, energy, rule of law, and political stability. The government will have to take steps to completely overhaul the bureaucracy, promote higher education, digitalization, artificial intelligence, science and space, hybrid agriculture, construction of special economic zones, joint ventures for electric vehicles, solar and wind panels, lithium batteries, and industrialization.
Executive Director Center for South Asia and International Studies (CSAIS), Islamabad, Dr. Mahmoodul Hassan said that since the launch of CPEC, China has become Pakistan’s largest investment, business, and trade partner.
The success of Udan Pakistan requires China’s continued support and cooperation. China has considerable expertise in the sectors that are part of Udan Pakistan, so including Udan Pakistan in CPEC would be an excellent decision.
He further said that this is the right time to create think tanks in various fields such as applied economics, public policy, good governance, climate change, international relations, marketing, investment and finance. In this regard, SFIC will have to take the leadership and establish experienced think tanks.
Speaking about making the Udan Pakistan program a success, eminent economist Dr. Shahid Hassan Siddiqui said that increasing the GDP ratio, increasing domestic savings, quality investment and making taxation policy fair can play an important role in promoting the national economy.
Experts suggest
