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Special Address by Imran Khan, Prime Minister of Pakistan | DAVOS 2020

Imran Khan
Prime Minister of Pakistan at Prime Minister's Secretariat
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World Economic Forum 2020
January 22, 2020, Davos, Switzerland
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Special Address by Imran Khan, Prime Minister of Pakistan | DAVOS 2020
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Imran Khan
Prime Minister of Pakistan at Prime Minister's Secretariat
Børge Brende
President at World Economic Forum

BA (Hons), Philosophy, Politics, and Economics, Keble College, Oxford Univ. 1971-92, Member, Pakistan Cricket Team incl.: longest playing career of any cricketer since 1945; 1982-92, Captain, incl. team that won 1992 World Cup, Melbourne. 1996, est. Pakistan Tehreek-e-Insaf political party; 2002, Member of Parliament, Mianwal constituency, Pakistan; 2007, arrested when demanded restoration of judiciary and reinstatement of judges. Former Chancellor, Bradford Univ., UK. Founder and President, Imran Khan Foundation, raised funds for relief, rehabilitation and reconstruction efforts after Pakistan floods. Conceived, planned, and mobilized people to build Shaukat Khanum Memorial Cancer Hospital and Research Centre, Pakistan's first and only cancer hospital that provides 75% free healthcare and was built on public donations, currently President. Chairman, Namal Education Foundation. UNICEF Special Rep. for Sports. Author of: Imran: An Autobiography; All Round View; Indus Journey; Warrior Race. Recipient of awards: Pride of Pakistan; Hilal-e-Pakistan, highest civil award in Pakistan; only sportsman to be included in Hall of Fame and only sportsman to be awarded honorary fellowship of Keble College, Oxford University.

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Former: Minister of Foreign Affairs of Norway; Minister of Trade and Industry; Minister of the Environment; Deputy Chairman, Norwegian Conservative Party; Member, Storting, Norwegian Parliament; Member, Standing Committee on Finance and Economic Affairs and Deputy Chairman, Standing Committee on Energy and Environment; Chairman, UN Commission on Sustainable Development; Secretary-General, Norwegian Red Cross; International Vice-Chairman, China Council for Int'l Cooperation on Environment and Development (advisory board to the State Council); Chairman of the Board, Mesta (Norway's largest company in infrastructure maintenance); Member of the Board Norwegian School of Economics; Managing Director, World Economic Forum. Member of the Board, Statoil. Member of the UN High-level Advisory Group for Every Woman Every Child. Political Adviser to Conservative Party Chairman; Chairman, Young Conservatives; CFO, KB-entrepreneur; Member, Municipal Executive Board, Trondheim; BA Norwegian Univ. of Science and Tech. Since 2017, President, World Economic Forum. Member, Harvard International Negotiation Program, Core Advisory Council (since 2018). Recipient of awards and honours, including: Order of the Aztec Eagle, Mexico (2018); Grand Cross of the Order of San Carlos, Colombia (2018); Commander, Royal Norwegian Order of St Olav (2005); Cavaliere Di Gran Croce, Italy (2005); Grand Cross of the Order of the Phoenix, Greece (2004); "Gift to the Earth", WWF (2004).

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Special Address by Imran Khan, Prime Minister of Pakistan

The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.

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We lost our way one was ill-conceived nationalization with stunted this Industrial Road. We could have created wealth and that they use the wealth left the bottom of the population, but just because the rich got richer industrialisation by nationalization. We should just had a more Equitable growth. excellent service latest on Jumpman promise to come is a great pleasure to welcome you to the annual meeting of our 50th anniversary for the very first time in Your Capacity as your country's prime

minister, even if it's not your first time with us and I lost as a political leader. I had the pleasure and privilege of visiting Islamabad last summer and meeting at you when you were less than one year into your mandates as prime minister. Pakistan had just agreed on the bailout with the IMF and the country's economy. Was it a turning point? Despite spiraling challenges on the economic and geopolitical from Human tamed the wishing you had outlined in your successful

election campaign. And you Pakistan with an economic economy institutions and Leadership that work for all of the country. Today 6 months later. I believe you have a powerful story to tell the world one in which a country in crisis as being able to pursue one of the most ambitious programme of social economic and institutional transformation. I am with me instead of using the economic crisis to justify cut back to use the to change the way the state collects taxes the way it shelters is 4 + in West and its use and the environment and to set new standards

of Integrity in public lights. Pakistan's ability to emerge from hardship stronger than before is The Testament to the remarkable resilience of its peoples. It is my great honor. Mr. Prime minister to welcome your hair to the lectern. Thank you. Thank you very much. First of all, I'd like to thank the world economic forum for providing me this opportunity. to speak to world leaders Business Leaders media people to give the Pakistan perspective to the world. So I want to thank you specifically for that. Let me just start by saying.

that I am almost as old as Pakistan Pakistan has only 5 years older than me. So I grew up with the country. and the country I grew up was supposed to be a welfare state the founding fathers of our country wanted Pakistan to be what is called an Islamic State. And as I grew up, I have no idea what a welfare state was. So it was when I went to England. That's when I first discovered. What a welfare state is. It's Humanity. It's getting about the underprivileged and so from then onwards. I always thought that if I ever ever got the opportunity, I

would always want my country to be a welfare state. So this is my vision everything all the policies which we making Pakistan at words that end to make it into a human country where the government takes responsibility of the weaker section of a society. So this is a vision statement because it's time the world economic forum is about sustainability. but the other thing about Pakistan it was this desire to see to the Humane Society. The Wilderness of Pakistan the mountains of Pakistan and

time onwards what I loved about Pakistan was at Wilderness its mountains. a song As with age I saw these mountains are these these these this Wilderness disappearing? And especially the way we destroyed a forest cover. I always resolve the second thing that if I ever got the opportunity. I would make sure that we we Preserve this god-given beauty of a country and we started reforestation camp in 2013. My party won an election in one of the province's was the the former Northwestern Western Province called Boston spa. And that's when we started one of the most ambitious

campaign to plant 1 billion trees in 4 years. It was no one expected it to happen, but be involved in local communities. We first made them understand how important trees were for the future. We made the people understand that Pakistan was very vulnerable to climate change. And we appeal to the people involved in the mountainous areas to grow nurseries and in our country's history of Border Station to be planted 1 billion trees. So when I became the prime

minister. I resolved the people plant 10 billion trees in Pakistan in the next 4 years. And this is now a jective. We are but the experience we learn from the Katie Province. We are now using that experience to grow these nurseries and more local communities involved women because they were very good in planting planting nurseries. Why why is it important for us to grow trees for two reasons one by as I mentioned that Pakistan is wonderful to global warming. The cleanest cities pollution has become a silent killer. So unfortunately,

there was no plan before and after she's got very polluted specifically Lahore which had the pollution levels like Delhi in India for some reason a plan has removed 70% of the three cover of Lahore in the last 10 years. Apart from apart from the environment light aspect on the other thing the third thing I realized. that you cannot you cannot make your economy grow unless there is peace and stability. Pakistan in the 80s became part of what was BF lingerie Pakistan became allied with the US. Do do

stopped up to fight for the freedom in Afghanistan from the Soviets. We had a militant groups in Pakistan train to do gorillas activities in Afghanistan. Once that ended once the Soviets left. We were left with the militant groups in Pakistan suffered the consequences first time ever. We had militant groups in Pakistan. We had sectarian groups. We had to call The Clash of culture we had drugs coming into the country and that was a watershed in Pakistan things

started going wrong when I repeat for economy. You need stability see if you have on militias in your country that became one of the impediments on economic growth. 911 militant groups that were created. Pakistan was required to disarm them. So then we went through this process 70,000 pakistanis died in it. And of course what was Hitler's economic growth and then the image of Pakistan dangerous place in the world. So what I assumed power with the side, I decided by Gummer decided that from

now on with. Pakistan will only partner another country in peace. We would not become part of any other contract. We would not join any country and its contract and since then we have played our part. We have tried to ease tensions between Saudi Arabia and Iran. I also tried to between the United States and Iran. We try to do our part play a part in his intentions in a song in the peace process. All Pakistan is partly in the United States to get the Taliban to talk to the advantage of understand government. It is the nearest we are to Sunset of a peaceful solution in Afghanistan.

Eschew economics would be given through by my government came into power as you mention. We inherited the worst economic crisis that I stream the biggest current account deficit. The biggest fiscal deficit results which would have lasted a month and of course, we took very tough decisions. I have been in public eye for 40 years, but the sort of sort of Public attitude I have to face of the last one year. I've never faced in my life because of all these tough economic decisions. We've taken people

actually when you do stabilisation you squeeze the economy people hurt, but we have gone to this very tough. And mercifully, we finally iconomi stabilize the rupee that was falling it snow. In fact in the last few months in the stock market is going off investment in Pakistan year to year has gone up by 200% So things are looking in the right direction or do I have to say we still we still have a lot of hard work to do this year? We're looking for the conomic

dropped the idea is now so that we we provide employment started breaking the investment license and I'm happy to say that is one you had according to the World Bank that index of ease of doing business Pakistan went up 28 points in the top 10 countries, which would make the biggest Improvement. What are the advantages of Pakistan of of Pakistan number one? Is a population of 210 million people? 60% of pakistanis are below the age of 30. This is the real strength of Pakistan. Unfortunately, we have neglected

this young population because we did not concentrate on skill development employee to the program of skill development. We have a partner World economic Forum this program of skill and we have stopped a huge amount of money for startups. Young people encouraging them to start their own businesses. This is the first time we've done in pre-apprenticeship to employ young people big sauce. This is a big resource, which will we hope one day left Pakistan? The other advantages Pakistan have number one is a mineral wells

sadly untappd one of the most precious gold and copper reserves. Unfortunately, we've had a few issues but they are we have enough reserves then we can pay a phone off for a debt. We also have one of the largest gold reserves. We have Rare Earth minerals. We haven't explored the whole government attention now is to develop these resources. We also have very fertile Agricultural and unfortunately the practices which we have done. We have not really explode this potential or productivity

is one of the lowest so far. We have not heard from China China has been in the seat back with what is the Pakistan China economic Corridor we have in that involve. China to help us in developing the productivity of Agriculture sector and this is one area where Pakistan mixed rice very quickly because we do have fertile van. Unfortunately, as I said a productivity is very low And finally my version of Pakistan stems from its strategic location. Probably one of the most fortunate position in the world on the one side is

China One of the fastest growing markets and of course close to your right to party then we have energy reserves but in Central Asia and the moment of Peace in Afghanistan, we don't have access to all the markets and Central Asia and hopefully if things settle down around also the movie played with her on both countries would benefit The biggest neighbor second biggest day but is India unfortunately and sadly we the situation between India and Pakistan is not what it should have been the very streets of the night were going to write it right

now. This is not the right for him. But the moment Pakistan and Indians relationship becomes Norman tradestops between the two countries than one can imagine the location to strategic location of Pakistan with where the China one side and E on one side and then countries with excess energy on the western side. I'm someone who believes that in Pakistan the moment we get our governance, right? That is the real issue sadly a governance the water in the past 30 years that the

way of governance deteriorated. That was one of the biggest reasons that we have not been able to fulfill our potential as a country. The country has tremendous resources young population statistically located from now on my government's biggest challenge now is how we can improve our state institutions so we can improve our government so we can tap a potential. Thank you. Thank you very much. Mr. Prime minister. Thank you for sharing results and Wishin for you country also,

very impressive without on your manuscript. So eloquent laying out your wishes lost your foreign direct investment to Pakistan increased with 70% I guess this is also related to the fact that you alluded to in your speech that the security situation is much better. I think also the energy Supply is much more predictable. So what is your interpretation of this increase in FDI? Do you want more FDI? And are you pretty sure that you were going to be able to keep the security situation at this level and also further develop an improved when it comes to

predictability on the energy start? Well, you know in 2019 was the safest year in Pakistan since 9/11. And often when was Pakistan participated in the US war on terror, the the situation security situation deteriorated and for a time of the bomb blasts going on and there was no question of foreign investment coming in. They were foreign advisories from various countries. So we had to read dip and water as understandable. If you have a security situation that bad to 2019 was the

most safest year after 9/11 and that was reflected in our tourism between 2018 and 19 in one year. Ridgid versus the great potential of Pakistan in tourism, which is untapped completely 5000 year old Indus Valley Civilization Des Moines without of a civilization which is one of the oldest then it has it has a secret sites for Hinduism Sikhism Sufism and then Buddhism. The Centre of the civilization was the Gandhara which is north of Pakistan. So we have religious tourism and then the mountain tourism in Pakistan have to fix

over 24,000 feet in Pakistan. So it is untouched as yet and concentration for providing jobs to people and improving the growth rate is now in tourism. In fact without us doing anything. And people are finding it difficult to have hotels or places to stay. So we're not inviting tourism investment in tourist resorts. So I'm I maybe I'm at least one of the few on the reasons that have visited the up in the SWAT Valley is beautiful. And you also have a beautiful other places. I think

Swift Riley used to be the honeymoon place even in Pakistan. Is it? No also you see Jersey malls are in these areas where the Pakistani Taliban has used to go to run and you're not concerned that the Pakistani Taliban can come back and and you're pretty sure that this is all on safe food bank in Pakistan now, but there's no terrorism in Pakistan and I have to pay tribute to a security forces such a brilliant job and it was for a while. We went through

a really difficult. But thanks to them. They were in the world problem now is we need peace in Afghanistan and stability. Whatever comes into Pakistan every now and then is from Afghanistan and that's why I that's why this peace process in Afghanistan is very important to understand settles this peace and stability. It's not just really good for Pakistan from the Tennyson point of view, but also the connectivity to Central Central Asia and which will benefit both of us are you mr. Prime minister optimistic that they can be a

deal between Taliban and the government in Kabul Americans are very much involved in this you're also contributing is is it possible this year and you think Taliban will also engage in the deal is Bill. Fact the rights of gross education women and and those areas where they have been progress in Afghanistan is the dead that has to be peace and that could only happen if the government to sit together and there's a political settlement just my view. I do not think that you know, the

saying that you don't cross the river once what was in 2001 is not going to be now the case if if and when we come together because so much has happened since then, so I think it would be a completely different scenario but the most important thing right now and it's not going to be easy but it is the only option that the Taliban and the fan come and sit together whenever that happens it is. What is the only way forward there is there is not a military solution. Who's the Prime Minister of St. Also alluded to and mentioned you

have an old saying it safe to have a salad days and Iranians the escalating and trying to establish dialogues. You are able as a nation to have good relations both Iran, Saudi Arabia UAE and Gulf States. If you look at the escalation that you have seen lately some people even talk about the middle is being at an inflection point are there is no way back and there are those that are more optimistic that there will be at the escalation. You will continue to contribute in that process and hold you see that unfolding in the year to come after

Americans killed General soleimani and Etc is US deterrence back in the region. Are you Short-term medium-term optimistic on the escalation or is this something that really keeps you up at night? Let me just busted for make a statement. I do not understand. Why countries go to resolve the differences through military conflicts the military conflict? You don't know where it is going to go. You can start a contract. You don't know when it'll finish and then it has the unintended

consequences. So we have seen in front of our eyes Pakistan joining the US war on and I was the one who was Stan should have stayed neutral because I remember then. President Musharraf telling us it's only a matter of few weeks. The 70,000 people dead later 10 years later a hundred billion dollar economy later. It'll finally realized the mistake and Afghanistan army 18 19 years of Fest Warren. I do not think this is a way to resolve issues. And the worst thing that could happen is is Aaron if it is a conflict between Iran and the US and its allies

Pakistan rupee disaster for the developing World. Shoot up already. We're trying to barely manage a budget and the current account situation everything will be offset cause poverty in the world and God knows how long it will go on. So you don't we In Pakistan the distance what happened? We have tried our best. We've already talked to Saudi Arabia and the United States. I spoke to President Trump yesterday and I told him that this would be a disaster for us if this war starts did he agree? He didn't say anything

in this room because this would be in my opinion LV Insanity because I'm Just Your Problem. Who's the Prime Minister you also underlined coming back to the more domestic opportunities and challenges in your country this accelerator that they have a green thumb on scales and cops killing in Risky link between the world economic Forum Pakistan. I think there is a huge potential. I think the youth bulge the Youth of Pakistan is a huge opportunity important. Do you

think education is in this complex and hold you look at the national curriculum and the madrasa says and the importance of teaching world-class Martin and Sciences the tragedy of my country because as I said, I grew up with my country and in the sixties Pakistan was the most exciting thing happening in Asia. It was the fastest growing country a we were moving fastest with industrialization are universities. It's certainly are orange or industrial production was more than the foyer Sheen Tigers put together Indonesia, Malaysia Thailand and Philippines the fastest growing

country. And we lost our way one was ill-conceived nationalization with stunted this Industrial Road. We could have done more China did they created wealth and that they use the wealth lift the bottom of the population, but just because Rich got richer it didn't mean that we should have stopped at industrialization nationalization one with one where we went wrong. And secondly, you don't we just did not pay enough attention to our education system. So we develop the three tier the education system. English reading for an elite

medium which was for the masses and then there was no trying to do is to synthesize the system get the core issue the core syllabus should be for the same for everyone and it'll give everyone equal opportunities the education system actually created the differences differences between because I did not want not the education system. So this is what we're trying to do the floors of education system by synthesizing it. Thank you very much. Prime minister. I see the time is out. I would like to continue this conversation. I think we're all very impressed video

reform agenda receiving economic growth is being back to see the front direct Investments are there so thank you for sharing this with the community economic growth has still coming. Hopefully this year the growth of the second thing. I like that I have never been insulted so much not insulted is not the word but lacerated by the media to the way the media has attacked today because of the stabilisation program, but this to 20 is the year. We we want to lift a growth rate and provide

jobs two young people and I think you can also rely on the devil's Community when it comes to supporting your agenda for your forms and you country so you'll get back a growth and the more include Thank you so much.

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