Dynamic Turkmenistan

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Mehmood Ul Hassan Khan

The Republic of Turkmenistan is a dynamic country and strategic leadership of President H.E. Gurbanguly Berdymukhamedov has tremendously improved legislation, industrial production, and pursued an innovative and investment policy for the further strengthening of domestic economic and social stability, reforms in the scientific and educational system. He pays special attention to the development of human capital, advanced training of specialists by creating the best conditions for labor productivity growth and improving the population’s wellbeing for occupying competitive positions in the world.
The Republic of Turkmenistan celebrates its 25 years of independence which showcases its impressive achievements in all spheres of public life and society. It is not only material/physical symbols of progress, but also drastic changes in the level and quality of life of the people. Today Turkmenistan is a country with high social security and liability standards, where the highest value of society is people, and the government’s efforts aimed at creating the most favorable conditions for the free development of the personality and the opportunities for its self-realization.”
Turkmenistan pays a special importance for the establishment of human capital where health and education are priority areas. Turkmenistan is a healthy and sports loving nation which considers the health of the nation as the country’s wealth, the leadership of Turkmenistan pays constant attention to the legal, material-technical, scientific, provisions with cadres of the national health system. At the same time the development of other areas of public policy is supported by the course of steadily boosting the welfare and improvement of social conditions of the population to a wide initiation to the sport and a healthy lifestyle, uncompromising fight with smoking and drug trafficking.
It further strengthened its legal framework of the national health system by promulgating the Law of Turkmenistan “On Health Protection of citizens”, “On ensuring food safety and quality”, “On protection of the health of citizens from exposure to tobacco smoke and the consequences of tobacco consumption”, “On the drug provision”.
Turkmenistan introduced its “Strategic National Program 2011-2030” and divided it into three phases: phase- I (2011-2015); phase- II (2016- 2020); phase- III (2021-2030). The key objectives of the 1st phase include achievement of structural changes in the economy, increasing competitiveness of national economy, improvement of the quality of living standards of population. The 1st phase aims to develop the legal framework to ensure high degree of socio-economic development, improvement of the production base of the economy, the creation of the Turkmen economic model that is capable of continuous development of trade and services. Turkmenistan has successfully achieved all the desired goals stipulated in its National Program 2011-2030.
Successfully implementation of phase-I has further expanded recycling of natural resources and diversification of economic structure. It innovated development of national economy, created high productivity sectors and industries, which are now able to produce resource and energy saving and ecologically clean products in the country. It substantially expanded its export capacity at the expense of development of fuel and energy, chemical, textile and agricultural industries. It ensured high quality living standards through improvement of quality services in social sector. Last but not the least, it accelerated socio-economic development of regions through effective use of their production resources.
For achieving the desired targets during the phase-II (2016-2020) strategic leadership of President H.E. Gurbanguly Berdymukhamedov has already introduced various reforms to create institutions of market economy. Further deepening of reforms of structural and sectoral improvements in the economy will be introduced. It will further strengthen capacity of private sector by introducing new technologies in the industrial sectors and establish the ecologically clean production industries. Moreover, it will initiate advance integration of the country into international economic systems and will also complete infrastructure development in regions and rural settlements.
The Republic of Turkmenistan has ability to achieve targets of phase-III (2012-2030) by sustaining high socio-economic development as par of high developed countries. It will create favorable business environment by increasing political and economic cooperation with neighboring and other countries.
By 2030 it is expected that the macro-economy of Turkmenistan will be entirely diversified and will be represented by globally competitive industries, and engineering and social infrastructure entities. The value of GDP per capita, labour production, households’ incomes and living standards will be equivalent to the level of developed countries. Economically developed, socially protected, ecologically clean society is to be expected to create by 2030.
The Republic of Turkmenistan has a unique and doable long-term strategic policy for regional development which will be pursued by effective use of mineral resources of regions and creation of modern and equipped, resource saving and ecologically clean industries in all regions. It will effectively utilize its geographical location of each region and integration of regional economies into economic systems across neighboring states and worldwide societies. Moreover, substantial improvement will be brought to the level of cities the living standards and household incomes of population of regions. Last but not the least, creation and development of tourism and recreational zones with high quality services will be built.
The Republic of Turkmenistan treats its people as a “strategic asset” which will be further enhanced by promoting healthy life style; sound improvement of environmental situation, increased ecological standards, quality drinking water supply and introduction of high quality innovative technologies in education and healthcare sectors, better addressing the employment concerns in social sectors. Furthermore, housing stock and conditions will be aligned with international standards, new technologies to be used in construction of houses. Balanced growth of labour wages and labour production and creation of highly effective pension system based on insurance and pension contributions will be implemented.
Its regional connectivity is based on its holy concept of “shared prosperity” and TAPI is its prime example. TAPI will revolutionize the macro-economies of all the participating countries. It would be start of a new era of regional cooperation, peace and harmony. More through China-Pakistan Economic Corridor (CPEC)-TAPI-One Belt-One Road, bilateral relations of Turkmenistan and Pakistan will be further strengthened in terms of sustained socio-economic integration, greater trade & commerce ties and above having better political understanding on different regional as well as international issues of mutual interest. Moreover, with the completion of Turkmenistan Caspian Seaport would be connected with strategic Gwadar Seaport which would further connect blue-economies of both the countries in the days to come.
Prospects are bright and opportunities are unlimited between the two countries which have to be explored for accelerating inflows of FDIs, joint ventures, establishment of free economic zone and tangible taxation system. Free air-link would be a game changer. Preferably Islamabad-Ashgabat-London sky route would be feasible answer to absence of any direct communication links.
In Turkmenistan private sector is developed and vibrant and hopefully gradual increase of the share of private sector in GDP from 40 percent in 2010 to 70 percent in 2030 and expansion of share of service delivery in GDP from 29.7 percent in 2010 to 37 percent in 2030.
Under the visionary leadership of H.E. President Gurbanguly Berdymukhamedov Turkmenistan successfully follows a sustained economic growth patterns by continued improvement in living standards, an increased role for the private sector and economic diversification. Further diversification of economy has become strategic government priorities which will be achieved by improving the investment climate and business environment in the country. It has a strong, stable and resilient banking and financial sector in the country which fuels its massive industrialization drive.
The Republic of Turkmenistan is whitely enterprising and has achieved constantly high levels of GDPs, exports, surplus budgetary allocations and the last but not the least unmatched socio-economic prosperity under the visionary leadership of H.E. President Gurbanguly Berdymukhamedov. He successfully introduced meaningful and interactive monetary and fiscal policies which has further consolidated inflows of FDIs in the country and has further diversified its national economy. He introduced many effective measures to reduce dependency on hydrocarbon sector. He created of new sectors and industries, which in turn will increase employment opportunities for the population. He applied innovative approaches in economy and industrial sectors by linking science and new technologies and facilitated investment policy favourable for development of different types of ownerships. Long-Live Turkmenistan-Pakistan Bilateral Relations and H.E. President Gurbanguly Berdymukhamedov