ICCI, Prime Institute join hands to prepare draft economic vision


PRIME Institute, an economic think tank, in collaboration with Islamabad Chamber of Commerce and Industry (ICCI) organized a multi-stakeholder consultative session for preparing a draft economic vision state of Islamabad.

Representatives of the business community, multi-laterals, academia, UN-Habitat Pakistan and civil society attended the session, a press release said. Addressing the session, ICCI President Ahmed Hassan Moughal
said Islamabad has great potential for economic growth as it possessed many endowments including 22
universities and degree awarding institutes, young population, and the signifi cant pool of IT professionals.
He urged the government for cooperating in realizing its full potential for generating more business and economic activities in the region.

He said half of the world’s population was now living in cities generating more than 80 percent of  lobal GDP  hile 600 major cities of the world were poised to account for about 60 percent of worldwide GDP by 2025. He said it was high time that government for paying more attention to the better development of major cities including Islamabad and focus on improving their infrastructure that would help in creating more jobs and generating a lot of economic activities.

He lauded the initiative of PRIME Institute for organizing multi-stakeholder consultations to develop a draft Economic Vision Statement of Islamabad and hoped that it would help in developing Islamabad on modern lines.
PRIME Institute Director-Center for Local Economic Development Zia Banday gave a detailed presentation on the economic potential of Islamabad. He said the economy of Islamabad was comprised of agriculture,
industry and services sectors while the services sector was providing 87 percent employment. He shared
the draft economic vision statement of Islamabad with the participants and asked them to give their input
for further improving it. The participants were of the view that Islamabad was experiencing rapid and unplanned growth while water shortage, dilapidated water, and sewerage infrastructure, lack of parking facility in markets, lack of good transport system, reducing green belts were emerging its major problems and stressed
that the government should take urgent measures to address these issues. A P P