AIRLINK 173.79 Increased By ▲ 3.22 (1.89%)
BOP 11.36 Increased By ▲ 0.18 (1.61%)
CNERGY 8.64 Increased By ▲ 0.23 (2.73%)
CPHL 101.64 Increased By ▲ 1.91 (1.92%)
FCCL 46.94 Increased By ▲ 0.34 (0.73%)
FFL 15.39 Increased By ▲ 0.24 (1.58%)
FLYNG 27.79 Increased By ▲ 0.24 (0.87%)
HUBC 143.75 Increased By ▲ 5.97 (4.33%)
HUMNL 12.99 Increased By ▲ 0.07 (0.54%)
KEL 4.52 Decreased By ▼ -0.02 (-0.44%)
KOSM 5.76 Increased By ▲ 0.40 (7.46%)
MLCF 62.33 Decreased By ▼ -0.07 (-0.11%)
OGDC 212.02 Decreased By ▼ -0.14 (-0.07%)
PACE 5.47 Increased By ▲ 0.05 (0.92%)
PAEL 47.07 Decreased By ▼ -0.11 (-0.23%)
PIAHCLA 18.08 Decreased By ▼ -0.40 (-2.16%)
PIBTL 10.86 Increased By ▲ 0.50 (4.83%)
POWER 12.26 Decreased By ▼ -0.07 (-0.57%)
PPL 171.28 Increased By ▲ 1.68 (0.99%)
PRL 35.88 Increased By ▲ 0.03 (0.08%)
PTC 23.36 Increased By ▲ 0.27 (1.17%)
SEARL 96.96 Increased By ▲ 0.70 (0.73%)
SSGC 41.71 Increased By ▲ 2.19 (5.54%)
SYM 14.15 Increased By ▲ 0.31 (2.24%)
TELE 7.10 Decreased By ▼ -0.05 (-0.7%)
TPLP 9.96 Decreased By ▼ -0.07 (-0.7%)
TRG 63.89 Increased By ▲ 0.41 (0.65%)
WAVESAPP 10.02 Increased By ▲ 0.03 (0.3%)
WTL 1.33 Increased By ▲ 0.02 (1.53%)
YOUW 3.72 Increased By ▲ 0.06 (1.64%)
BR100 12,447 Increased By 142.3 (1.16%)
BR30 37,919 Increased By 504.1 (1.35%)
KSE100 116,390 Increased By 1536.7 (1.34%)
KSE30 35,696 Increased By 479.1 (1.36%)
Pakistan

‘Uraan Pakistan’: PM Shehbaz unveils 5-year plan for economy

  • National Economic Transformation Plan is based on 5Es framework of (i) Export; (ii) E-Pakistan; (iii) Environment and Climate Change; (iv) Energy and Infrastructure; and (v) Equity, Ethics and Empowerment
Published December 31, 2024

Prime Minister Shehbaz Sharif on Tuesday rolled out ‘Uraan Pakistan’, a five-year national economic plan aimed at steering the country toward sustainable growth.

According to the Ministry of Planning, the ‘Uraan Pakistan-Home-grown National Economic Transformation Plan’ will be a five-year national economic plan and will cover from 2024 to 2029.

The ministry said the plan is based upon valuable input from all stakeholders including the public and private sectors and aims to put Pakistan on a sustained high growth trajectory.

The National Economic Transformation Plan (NETP), based on the 5Es Framework of (i) Export; (ii) E-Pakistan; (iii) Environment and Climate Change; (iv) Energy and Infrastructure; and (v) Equity, Ethics and Empowerment, would serve as the foundation for 13th five year plan (2024-29).

PM Shehbaz to announce 5-year economic plan soon: Ahsan

Addressing the launching ceremony in Islamabad, PM Shehbaz said the plan is aimed at steering the country toward sustainable growth from the macroeconomic stability.

The prime minister stressed the need for reducing cost of the inputs like electricity and gas to ensure sustainable growth. He said local industry should be made more compatible to save foreign exchange and expand exports, state-run Radio Pakistan reported.

PM Shehbaz said export-led growth is the “only option to make Pakistan a stronger economy”.

“The government has set an investment target of $10 billion annually and an enabling environment is being created to attract local investment as well.”

The premier termed privatisation and outsourcing vital to save huge losses for which “political dialogue is utmost necessary”.

Earlier speaking on the occasion, Finance Minister Muhammad Aurangzeb said Uraan Pakistan is aimed at attaining a sustainable GDP growth rate of 6% by 2028, one million jobs annually and $10 billion private investment per year.

The finance minister said the plan is accompanied by a comprehensive implementation mechanism to hit the export target of $60 billion by fiscal year 2028.

He added that PM Shehbaz has established a delivery unit at the Prime Minister Office to coordinate the implementation of sectoral plan and roadmaps.

Among others, Punjab Chief Minister Maryam Nawaz, Governor Khyber Pakhtunkhwa Faisal Karim Kundi, Balochistan Governor Shaikh Jaffar Khan Mandokhail, Sindh Minister Syed Nasir Hussain Shah, and Azad Kashmir Prime Minister Chaudhry Anwar ul Haq were also present on the occasion.

Comments

200 characters
Joseph Ray Beavers Dec 31, 2024 06:20pm
As-Salam-U-Alaykum. In Recovery And Whatever A Obligation I Guess.
thumb_up Recommended (0) reply Reply
MZI Dec 31, 2024 07:21pm
Great initiative to give a direction that would drive policies for all institutions. However, PTI would never agree to anything that does not further their agenda of chaos & instability.
thumb_up Recommended (0) reply Reply
KU Dec 31, 2024 07:41pm
Before celebrating it, isn't this plan responsibility of every govt, especially the ones who brought Pak to bankruptcy n loans to over $131 billion. We cannot afford another shenanigan.
thumb_up Recommended (0) reply Reply
Ali Dec 31, 2024 08:41pm
@MZI, Very true.Power hungry PTI will not support any constructive developments as they thrive on chaos&polarization. In fact they will do their utmost to sabotage it,as they tried many times before.
thumb_up Recommended (0) reply Reply
Fasihuddin Ahmed Jan 02, 2025 02:26pm
Does the Government will remain in power till the completion of uraan programme 2025-2029
thumb_up Recommended (0) reply Reply