Pakistan

Punjab has large share in GDP: Shahbaz

Published February 17, 2014 Updated February 17, 2014 04:52pm

LAHORE: Punjab Chief Minister Muhammad Shahbaz Sharif has said that Punjab is the biggest province of Pakistan and has a large share in GDP.

Growth Strategy 2018 is being evolved for increasing growth rate in the province and effective measures will be taken for this purpose, he said.

He was addressing a meeting regarding Punjab Growth Strategy 2018 for increasing growth rate in the province, on Monday. Provincial Ministers, Assembly Members, Vice Chairman Lahore Development Authority, Chief Secretary, secretaries of concerned departments and economists were present.

He said that there was a need for introducing reforms in institutions for achieving targets of development, adding that capacity-building of institutions and improvement in the system could help promote investment as well as generate new job opportunities.

Addressing the meeting, the Chief Minister said that information technology was being used for the capacity-building of government departments and rapid progress was being made towards establishment of e-government.

He directed that effective measures be adopted for increasing growth rate and Growth Strategy 2018 be given a final shape as soon as possible. He directed that the committee headed by Advisor Dr. Ejaz Nabi and Chairman Planning & Development should give a final shape to Growth Strategy 2018 while heads of all institutions should provide complete support for this purpose.

He said that there was a vast scope of development in agriculture, livestock and dairy farming sectors and national economy could be strengthened while huge foreign exchange could also be earned through uplift of these sectors.

The Chief Minister said that Punjab was rich in natural resources and there was a need to take full benefit from them.