Prime Minister Shehbaz Sharif has praised the World Bank commitment to providing Pakistan with a $20 billion loan over the next 10 years under the Country Partnership Framework. This substantial financial support aims to promote inclusive and sustainable development in Pakistan. The loan will be used to invest in various social sectors, enhancing the country’s growth and prosperity.
World Bank’s Financial Support for Pakistan
| Financial Support | Amount | Purpose |
|---|---|---|
| Loan from World Bank | $20 billion | To foster sustainable development and support key sectors |
| Investment Focus | Various social sectors | Economic stability and inclusive growth |
Gwadar Airport: A Landmark Project for Balochistan and Pakistan
The Gwadar International Airport is a major milestone for Pakistan, particularly Balochistan. Prime Minister Sharif emphasized that the airport, completed with a $230 million grant from China, would not only boost the regional economy but also contribute significantly to the country’s overall economic growth. He believes that operating the airport on commercial lines could bring substantial benefits.
Key Features of Gwadar International Airport
| Feature | Details |
|---|---|
| Location | 26 kilometers from Gwadar city, Gorandani area |
| Total Area | 4,300 acres |
| Runway Length and Width | 3,658 meters long, 75 meters wide |
| Aircraft Capacity | Capable of accommodating large aircraft like Airbus A380 |
The Role of China in Gwadar Airport’s Construction
The Gwadar International Airport project was funded by a $230 million grant from China, marking another significant step in the China-Pakistan Economic Corridor (CPEC) initiative. This contribution reflects the strong ties between the two countries, particularly in terms of infrastructure development. The prime minister highlighted the importance of recognizing this gift from China and utilizing the airport for the betterment of Pakistan.
Contribution of China in Gwadar Airport Project
| Contributor | Contribution Amount | Purpose of Contribution |
|---|---|---|
| China | $230 million | Funded the construction of the airport |
| Significance | Key CPEC Project | Strengthens Pakistan-China ties |
Security and National Unity: The Prime Minister’s Stance
Prime Minister Shehbaz Sharif also addressed the growing security concerns in Balochistan, particularly regarding the killing of innocent people. He made it clear that such acts of violence are considered as acts of hostility against Pakistan. He also emphasized that the completion of Gwadar Port should not face any obstacles, as doing so would be harmful to the country’s interests.
Prime Minister’s Remarks on National Security
| Concern | Prime Minister’s Response |
|---|---|
| Balochistan Killings | Those responsible will not be spared; these acts are hostile |
| Gwadar Port Completion | Obstructing the port’s completion is an act against Pakistan |
Economic Development: Focus on Exports and Electric Vehicles
During the meeting, Prime Minister Sharif discussed various economic initiatives, including the increase in IT exports, which reached a record high of $346 million in December. He emphasized the need for continued efforts to enhance IT exports, which play a crucial role in Pakistan’s economy. Additionally, the government is focused on promoting electric vehicles to reduce reliance on traditional fuel-powered transportation.
Key Economic Initiatives
| Initiative | Focus Area | Achievements and Goals |
|---|---|---|
| IT Exports | Information Technology | Record $346 million exports in December |
| Electric Vehicle Promotion | Green and sustainable transport | Efforts to encourage electric vehicle adoption |
Hajj Preparations and Other Cabinet Approvals
The prime minister also touched upon the upcoming Hajj preparations, assuring the public that the government is making extensive efforts to provide the best services for Pakistani pilgrims. Additionally, the federal cabinet approved several important measures, such as the transfer of responsibilities regarding the Prevention of Electronic Crimes Act (PECA) and the extension of licenses for foreign pilots.
Federal Cabinet Decisions
| Decision | Description |
|---|---|
| PECA Responsibility Transfer | Transferred from Ministry of IT to Ministry of Interior |
| Foreign Pilots License Extension | Two-year extension for existing pilots, starting in 2025 |
| Toshakhana Act Review | Committee formed to ensure transparency in state gifts |
Prime Minister Vision for Pakistan
Prime Minister Shehbaz Sharif’s address highlighted his government’s commitment to fostering a stable and prosperous Pakistan. With substantial foreign investments in projects like Gwadar Airport, as well as a focus on economic indicators such as IT exports and electric vehicles, Pakistan is on a positive trajectory. Additionally, national security and unity remain top priorities, ensuring the country’s growth is secure and sustainable.
Key Takeaways from Prime Minister Address
| Key Focus Area | Prime Minister’s Vision |
|---|---|
| Economic Growth | Continued investment in key sectors and exports |
| Security and Unity | Strong stance against national threats |
| Infrastructure Development | Emphasis on Gwadar Airport and other key projects |
