Aziz sees 7 per cent growth this year

Published January 29, 2005

DAVOS, Jan 28: The Prime Minister Shaukat Aziz said Friday that his country should achieve seven per cent growth this year, up from last year, and promised to pursue privatizations and structural reforms.

At a breakfast meeting at the World Economic Forum in Davos the premier said that "nothing is taboo" in terms of privatization. "This year we expect growth to reach about seven per cent of GDP," or gross domestic product, he said. Last year it was 6.4 per cent.

That is in line with Pakistan's five-year goal of annual growth of between six and eight per cent. While average per capita income had risen to some $700, he said the government still had to do more to help millions below that level.

Aziz pointed to the upcoming privatization of the state-run telecom company and said the oil sector would follow. "We have a lot of interest from all over the world," he said, adding that "these taboos (about privatizing state assets) have to be challenged." Citing the banking sector, he said 85 per cent of it was already in private hands, and that he wanted to increase that to 100 per cent. -AFP

Opinion

Editorial

A difficult story
12 Jun, 2026

A difficult story

WHILE launching the Economic Survey 2026, Finance Minister Muhammad Aurangzeb told a hopeful story of economic...
Politicised football
12 Jun, 2026

Politicised football

ALMOST three-and-half years since Lionel Messi led Argentina to FIFA World Cup glory, the latest edition of...
Rough waters
12 Jun, 2026

Rough waters

AMONGST the key potential triggers for fresh conflict in South Asia is water. The Indian state is behaving in an...
GB polls’ aftermath
Updated 11 Jun, 2026

GB polls’ aftermath

The new administration must address the region’s issues proactively.
Peace in retreat
11 Jun, 2026

Peace in retreat

THE ceasefire announced in April was supposed to create space for negotiations. Instead, it has been repeatedly...
A few good men
11 Jun, 2026

A few good men

IT was a brave move, no doubt. This Tuesday, in the land of the Afghan Taliban, a few good men decided to take a...