Investment in human capital is vital for the development of Pakistan, Advisor to Prime Minister on Finance, Dr Salman Shah said. He stated this while addressing a seminar on "Policy Framework for Public Utilities management" jointly organized by the International Islamic University Islamabad and Center of Research for Development and Policy Studies (CORDAPS). Shah said Pakistan has a favourable demographic situation in which out of 160 million population about 100 million population is under the age of 25. He said the government wanted to unleash this human capital potential for the socio-economic development of Pakistan. The advisor said that Pakistan's economic growth rate was increasing at an average rate of 7 percent and needed infrastructure to sustain this growth even at higher level for the socio-economic development of the country. He added that government was focusing on the development of infrastructure to achieve this objective. Shah said that Pakistan's manpower is hardworking and government was taking steps to enhance their skill development through training in order to make them more productive and skilled for the socio economic development of Pakistan. He stressed the need for construction of new dams for the prosperity of Pakistan. "We are upgrading our infrastructure to achieve the objectives of economic development and poverty reduction. The advisor that the government was focusing on construction of world-class infrastructure for the socio-economic development and welfare of the people. He said that government was going to make double investment in education for development.
