CPEC: A game-changer in strengthening Pakistan’s Economy: Rana Tanveer

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LAHORE: “True measure of our success lies in sustainable development, which positively have its impacts on our socio-economic structure and thriving industry leads to a stable economy”, said Rana Tanveer Hussain, Federal Minister for Industries and Production and National Food Security.

The Minister inaugurated the Rachna Industrial Park in Sheikhupura, while addressing the function he underscored the importance of economic zones in transforming global economies and leading nations towards prosperity.

Rana Tanveer highlighted the crucial role of industrial parks and special economic zones (SEZs) in the economic development of Pakistan. He also stressed the interdependence of industrial and national development, stating that a thriving industry leads to a stable economy.

He emphasized that industrial development is pivotal in shaping the economic landscape of Pakistan.

The completion of the Rachna Industrial Park, according to Rana Tanveer, serves as a testament to the unwavering commitment of the government. Strategically located near the M2 and M5 motorways, the park is a significant component of the China-Pakistan Economic Corridor (CPEC), enhancing trade and cooperation between the two countries.

Rana Tanveer highlighted the role of the private sector in driving economic growth, emphasizing that close collaboration between the government and private industries is essential for sustainable development. He noted that industrial development boosts foreign investment and enhances the country’s export capacity.

The minister also underscored the government’s focus on agriculture and industry to boost exports and strengthen the economy. He stated that the government has taken concrete steps to improve agricultural productivity and provide quality seeds and fertilizers to farmers.

“Our government does not believe in spreading negativity and hatred but in taking practical steps towards economic prosperity,” said Rana Tanveer. He emphasized that sustainable development is the top priority of the Muslim League-Nawaz government, and the country is on the path to economic progress through sound economic policies.

Rana Tanveer reiterated the government’s commitment to CPEC, stating that it will be a game-changer in strengthening the country’s economy. He emphasized that CPEC will play a vital role in making Pakistan economically resilient and prosperous.