Ahsan Iqbal Inaugurates Pakistan’s First Locally-Made Ventilator, Emphasizes Innovation-Led Growth

Karachi, The Gulf Observer: Federal Minister for Planning, Development, and Special Initiatives Ahsan Iqbal inaugurated Pakistan’s first locally-manufactured ventilator on Monday, marking a significant milestone in the nation’s pursuit of technological independence. Developed by a private company, the ventilator is part of the “Uraan Pakistan” initiative, which aims to foster innovation and self-reliance in key technological sectors.

Speaking at the inauguration ceremony, Ahsan Iqbal commended the company for its groundbreaking efforts, referring to it as the first champion of Uraan Pakistan. He emphasized the need for more such champions to drive Pakistan’s growth in an increasingly competitive global environment.

“We require an army of such individuals – people who combine skill, hard work, ambition, and the intelligence that defines our nation,” the minister stated.

Addressing Challenges and Shaping a Future Narrative
Ahsan Iqbal also addressed the negative perceptions that have impacted Pakistan’s image on the global stage. He called for collective efforts to restore the country’s reputation, emphasizing Pakistan’s strengths, including its hardworking and intelligent population.

As Pakistan approaches its centenary in 2047, the minister stressed the importance of defining a progressive narrative for the country. “In 2047, our neighbor will have a clear narrative of progress and development. We must ask ourselves what our narrative will be,” he remarked.

Positioning Pakistan in the Technological Revolution
Highlighting the ongoing Fourth Industrial Revolution and discussions of a Fifth Industrial Revolution, Ahsan Iqbal underlined the critical role of innovation and technological advancement. He urged Pakistan to position itself as a key player in this era, leveraging its resources to outpace regional competitors over the next two decades.

The minister noted the importance of consistency in policies and long-term reforms, citing global success stories like Japan, South Korea, Malaysia, and Vietnam. “These nations built their economies on peace, political stability, policy consistency, and commitment to reform,” he said.

Expanding Exports and Unlocking Economic Potential
Addressing Pakistan’s economic challenges, including the energy crisis, Ahsan Iqbal stressed the need to strengthen the country’s export sector. He set ambitious goals to increase exports from $30 billion to $100 billion within 8 to 9 years.

“Pakistan’s agriculture sector alone has the potential to generate $20 billion in exports, while the industrial sector could contribute between $200 to $400 billion if leveraged effectively,” he stated.

The minister called on the private sector to harness Pakistan’s low-cost human resources to produce high-quality goods for global markets. “You are the drivers of Pakistan’s future,” he affirmed, assuring government support for export-oriented initiatives.

Innovation as the Path to Economic Growth
Concluding his address, Ahsan Iqbal emphasized that Pakistan’s economic success hinges on its ability to innovate and transition from an import-reliant economy to one driven by exports. He urged the younger generation to embrace technology and entrepreneurship, ensuring Pakistan’s competitiveness on the global stage.

“Pakistan’s future depends on export-led growth and the ingenuity of its people,” the minister said, reiterating the government’s commitment to fostering a climate of innovation and progress.