Islamabad:Bangladesh has announced its ambition to become a global manufacturing hub and export gateway, a strategic move aimed at accelerating the nation's economic development. This announcement was made by Prof Dr Rashed Al Mahmud Titumir, the Prime Minister's Adviser on Finance and Planning, during the 29th Sustainable Development Conference organized by the Sustainable Development Policy Institute (SDPI) in Islamabad, Pakistan.
According to Bangladesh Sangbad Sangstha, Prof Titumir highlighted the potential for Bangladesh and Pakistan to establish a new model of regional partnership. He proposed creating integrated production networks connecting regions such as South Asia, Southeast Asia, the Middle East, and North Africa. He stressed the importance of attracting investments that enhance domestic capabilities, facilitate technology transfer, and create employment opportunities.
Prof Titumir also revealed plans to increase public spending on education from the current two percent of GDP to five percent by the year 2030. He discussed efforts to develop stronger production networks with South Asian countries to restore normal production activities and foster sustainable development. Addressing the global economic slowdown, he mentioned that the government is implementing social protection programs, including Family Cards and Farmer Cards, to support balanced development and vulnerable communities.
Pakistan's Federal Minister for Planning, Development and Special Initiatives, Prof Ahsan Iqbal, delivered the keynote address at the conference. The event features approximately 50 panel and plenary sessions, with over 300 development experts and prominent figures participating from various countries, including more than 100 women.
During his visit, Prof Titumir also toured the newly constructed Bangladesh Chancery Complex in Islamabad, engaged with officials of the Bangladesh High Commission, and planted a sapling on the premises. Furthermore, he held meetings with several Pakistani ministers to discuss opportunities for exchanging experiences and strengthening cooperation in areas of mutual interest.