FAISALABAD: Pakistan Textile Exporters Association (PTEA) Friday hailed the launching of vision 2025 and termed it the right step to transform the country into an economically strong and prosperous nation and enhance exports to USD 150 billion by 2025.
In a statement here, Sheikh Ilyas Mahmood, Chairman and Adil Tahir, Vice Chairman Pakistan Textile Exporters Association said that the country required economic revolution for which the Vision 2025 has provided the base.
They appreciated the road map to enhance country's exports to 150 billion by 2025 and hoped that this would lay the foundation for a stronger and prosperous Pakistan. Implementation of this long term development plan has the potential to put Pakistan on sustainable economic growth as well as improve its global competitiveness and bring prosperity to the country, they said.
They said seven pillars of Vision 2025 which include developing human and social capital, achieving sustainable indigenous & inclusive growth, governance institutional reforms and modernization of public sector, energy water and food security, public sector-led growth & entrepreneurship, developing a competitive knowledge economic through value addition, modernization of transportation infrastructure and greater regional connectivity, if fully implemented, would help to bring Pakistan as an economic power on the globe.
Sheikh Ilyas Mahmood said it is encouraging that emphasis has been given to entrepreneurship development and private sector-led growth in the Vision 2025 programme. The government should take all possible measures for enhanced role of private sector through policy measures and facilitation so that the private sector organizations and entrepreneurs could contribute more effectively to the growth of economy and development of our country, he opined.
He said technology constraint has emerged as one of the main hurdles holding back Pakistan from achieving rapid socio-economic development and to ensure sustainable growth of the country Government should focus on introducing latest technologies in all sectors.
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