KARACHI: Former president of the State Bank of Pakistan Dr Ishrat Hussain said on Wednesday that the China Pakistan Economic Corridor is a good strategic option for progress.

Delivering a talk on "Economy of Pakistan; past and future" at a day-long seminar on Interplay of Economy and Security, he discussed three possible scenarios: optimistic, pessimistic and emerging through.

He also highlighted the wastage of civil resources. "Anything new is glamorous and attractive but because of poor maintenance and indifference, operation of existing policies bring lots of losses in the country," he said.

The seminar has been organised by the Inter Services Public Relations (ISPR), in collaboration with Federation of Pakistan Chambers of Commerce and Industry.

An ISPR statement said Chief of Army Staff General Qamar Javed Bajwa will be the keynote speaker at the event. 

The seminar was earlier scheduled on 31 August but postponed due to weather hazard, according to the ISPR.

Senator Mushahid Hussain Sayed, in his talk, said that crafting a new narrative is the way forward.

He further said that we need a collective approach and that there should be zero tolerance for corruption.

Other speakers to address the seminar include Dr Ashfaq Hasan, Dr Farrukh Saleem, Dr Ainul Hassan, Dr Salman Shah and Frontier Works Organization DG Lt Gen Muhammad Afzal. 

ISPR DG Maj Gen Asif Ghafoor gave the welcome address at the seminar.