Pakistan has been recognized as Best Country for Infrastructure Development in South Asia by the Emerging Markets, the newspaper of the IMF/World Bank Annual Meeting.
The Emerging Markets conferred the prestigious country Award on Pakistan in recognition of massive infrastructural development being undertaken in Pakistan,
The country Award was received by Ambassador of Pakistan to the United States, Mr. Jalil Abbas Jilani on behalf of Mr Ahsan Iqbal, Minister for Planning , Development and Reforms, Government of Pakistan at a ceremony in Washington D.C. on Oct 8, 2016 during the IMF/World Bank Annual Meetings.
Speaking on the occasion, Ambassador Jilani thanked the Emerging Markets for recognizing and supporting Pakistan’s development trajectory that was inextricably linked to peace in the region. He highlighted that Pakistan was committed to regional connectivity and share the fruits of prosperity with all neighbors. He expressed confidence that the Government’s people-centric development policies and regional economic cooperation would usher in a new era of prosperity.
Hon. Professor Ahsan Iqbal, the Federal Minister for Planning, Development and Reform spearheads the infrastructure development in the country. The ongoing major projects include building of new thermal power plants, the construction of a 700 km LNG pipeline and the upgrading the Karachi-Lahore railway track to name a few.
The centerpiece of the massive infrastructure development work is the China-Pakistan Economic Corridor (CPEC), which involves construction of rail and road network, gas pipelines, industrial zones and development of the Gwadar port. CPEC would connect China’s western region to Pakistan and is aimed at revolutionizing the economic progress and enhance regional connectivity.
The award is a unique honor for Pakistan that recognizes the country as one of the most exciting and important destinations as far as infrastructure development is concerned.
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