Prime Minister Shehbaz Sharif formally unveiled the National Economic Transformation Plan 2024-29 on Tuesday called “Uraan Pakistan: Homegrown National Economic Plan”.
The five-year plan aims to address key economic challenges through a targeted framework called the “Five Es” — Exports; E-Pakistan; Equity and Empowerment; Environment, Food and Water Security; and Energy and Infrastructure.
Earlier in April, PM Shehbaz had called for the creation of a comprehensive five-year strategy to double the country’s exports and underscored the importance of a collaborative approach, asking the Ministry of Trade to devise the exports strategy in consultation with successful entrepreneurs and stakeholders.
The ceremony to announce the plan is being held in Islamabad and was addressed by Finance Minister Muhammad Aurangzeb, Planning Minister Ahsan Iqbal and Deputy Prime Minister Ishaq Dar.
Addressing the event, PM Shehbaz said commended the presentations by the aforementioned ministers. “The crux is that in the last nine months we negotiated huge challenges [and] difficulties and through untiring efforts of the federal and provincial governments and our partners in prosperity and progress, we have been able to achieve macroeconomic stability.
“But this is just the beginning of a long journey which would entail sacrifice, blood and sweat to achieve economic growth and finding our lost place among nations,” he added.
The premier said the above required everyone coming together to work together and march forward with “unity of thought and action”.
Earlier today, Information Minister Attaullah Tarar said the reforms package would significantly improve citizens’ lives, stimulate growth and strengthen the economy.
Tarar said that the economy had moved from the verge of default to stability and was now on the path to progress, highlighting improvements in all economic indicators.
He described the reform-driven plan as being focused on a “Made in Pakistan” approach and stressed its vital role in fostering economic growth and bringing positive change to the people of Pakistan.
Tarar said the economic reform agenda was designed to accelerate the country’s development and ensure the prosperity of its citizens.
More to follow.
