| Updated at: 1226 PST, Saturday, October 30, 2010|
LAHORE: Punjab Chief Minister Shahbaz Sharif underscored the need to capitalize optimally on the national resources, Geo News reported Saturday.
Addressing a conference held here in a bid to encourage young investors, he said, We should tap into our own resources; otherwise, we will continue to live as beggar.’
He said, ‘We are under pressure from International Monetary Fund (IMF) and World Bank (WB), on whose behest we have to hike power tariffs every month.’
The government prefers the purchase of expensive rental power plants instead of producing power from hydal and coal, the Punjab Chief Minister said the oil imports are sucking the blood from the national economy.
Sharif urged on modeling national economy on Turkey’s paradigm for economic growth, adding within 20 years, Turkey’s exports burgeoned to $138 billion from $3 billion annually, that is equivalent to Pakistan’s current exports worth.
He added law and order situation, corruption, maladministration and terrorism are presently confronting Pakistan, adding it is first time that Pakistan will export 25 tonnes of meat to Malaysia.