Population surge threatens growth, warns Aurangzeb
• Insists govt can’t create jobs for millions of people; private sector must lead employment drive • Claims FIR registered against sitting senator over alleged tax evasion • Says tobacco sector ‘not paying taxes’, involved in smuggling • Construction relief package ‘in pipeline’, announcement expected soon • Textile support under review; minister seeks 10-12 days for concrete steps
LAHORE: Finance Minister Muhammad Aurangzeb on Saturday warned that Pakistan could not be run with a rapidly increasing population and stressed that the private sector would have to take the lead and create employment opportunities.
“If this growth rate (2.5pc) continues, our population can reach 400 million in the coming years. So, you tell us who will run this country in such a situation,” he said while speaking at the Pakistan Economic Growth Conference at the regional office of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in Lahore. “So please help us on how to control the population,” he added.
On employment, the minister said the government alone could not provide jobs to the entire population of 250 million. “The private sector should lead the country’s economy and provide jobs,” he said, adding that the government’s role was to strengthen and enable the private sector.
The minister emphasised the need to adopt the strategy that Bangladesh had used to........
