Pakistan’s Cabinet unanimously approves National Security Policy
Thursday, 27 February 2014 00:45
The federal cabinet of Pakistan on Tuesday unanimously approved the National Security Policy in a meeting chaired by Prime Minister Muhammad Nawaz Sharif.
The Prime Minister during meeting underlined the importance of enhancing national security for safeguarding the lives and property of the people and further building the trust of foreign investors to invest in Pakistan. Federal Minister for Interior Ch. Nisar Ali Khan would give a detailed policy statement about the approved policy on floor of the House on Wednesday. The Prime Minister in his opening remarks said despite the fact that Pakistan was faced with numerous challenges, the Government was determined to overcome them and steer the country out of the crisis.
He said the situation was improving and the national economy was showing steady progress, adding that GDP was showing visible progress which would further improve in the days to come. He said: “All necessary steps would be taken to restore peace and put Pakistan on the track of progress and prosperity.”
Discussing the country’s economy, the Prime Minister observed that the prudent energy policy of the Government brought good results.
The supply of electricity and gas had improved as compared to the previous year and it was due to better planning and management of the power supply, he said, adding: “We are hopeful that the conditions will get better in future.”
The Prime Minister stated that foreign investors, especially China was taking keen interest to invest in Pakistan and pledged to invest about $ 50 billion in different projects over a period of the next five years.
The Chinese investment of $ 35 billion would be in the power sector including solar, wind and hydel projects, he informed the cabinet.
The Prime Minister further said that projects of paramount national importance including Karachi-Lahore Motorway, 10 coal-based power projects in Gaddani Power Park and the upgrading of the Raikot-Haripur section of KKH would be executed with the assistance of Chinese Government.