Strong economy leads to ‘National Security’: Razak Dawood

ISLAMABAD (Nationaltimesnews) – Adviser to Prime Minister on Commerce and Investment, Abdul Razak Dawood on Wednesday said that strong economy will strengthen country’s “National Security.”He was addressing a Security Dialogue organized by the National Security Division.He said that Pakistan has been mostly suffering because of its strategic location and time has come to take advantage of Pakistan’s location instead of suffering because of it.“Our Geo-strategic location has to be complemented with Geo-economics.” he said.The Adviser said that history has shown that economic backwardness leads to social conflicts and political turmoil and thus weakens national security.He stressed that loss of economic security leads erosion of national sovereignty.Strong economy aims to define the country’s new strategic direction in line with the Prime Minister’s vision of peace, regional connectivity and development partnerships with the world, Razak Dawood.He said that economic security consists of inter-connected pillars which are Industrial Security, Energy Security, Food Security, Connectivity, Financial Security and economic diplomacy.He said that a big nation like Pakistan cannot depend on importing and trading but it needs manufacturing based on technology and know-how.In order to support creation of an industrial base, the Ministry of Commerce was implementing the ‘Make-in-Pakistan Policy’ for rationalizing the tariff structure to pursue import substitution, said Dawood.He said the ministry of commerce is using tariff as a tool to stimulate industrial and economic activity instead of revenue-based approach of the past.The adviser said that import substitution leads to creation of a critical mass and this leads to exports a vibrant and large private sector.



Latest News
IMF Executive Board meets today to approve $1.2bn tranche for Pakistan
Punjab braces for wheel-jam strike today against new traffic rules
Pakistan, Indonesia to hold discussions, sign MoUs in various fields
Naqvi takes up extradition matter with British Foreign Office today
Ban on meetings, arrest of PTI founder’s sisters cannot be ruled out: Atta Tarar
Five Indian-sponsored terrorists eliminated, weapons recovered in Dera Bugti operation
Justice Zafar Rajput sworn in as Chief Justice of Sindh High Court
Maryam Nawaz removes Lodhran DC after child dies in open manhole




Multi Media   
DPM-FM Senator Ishaq Dar’s High-Level Brussels Visit: Key Highlights
 Multi Media
Embassy of Pakistan 🇵🇰 in Brussels || Quarterly Recap of Activities, Engagements & Outreach
 Multi Media
DPM Dar sends Trump peace prize nomination to Nobel Committee
 Multi Media
Pak Navy Chief Visits Foreign Ships Participating in Ninth Multinational Naval Exercise Aman | ISPR
 Multi Media
PM Shehbaz Sharif Addresses | Breathe Pakistan Global Climate Conference I 07-02-2025