ISLAMABAD: Pakistan’s Prime Minister Shehbaz Sharif is expected to announce Uraan Pakistan, a homegrown five-year national economic plan, in the country’s capital, Islamabad, on Tuesday.
From stability to growth
Radio Pakistan reported that in his televised remarks, Pakistan’s Finance Minister Muhammad Aurangzeb said it is aimed at steering the country toward sustainable growth from the current macroeconomic stability.
Describing it as a momentous occasion, he said that one of the key pillars of the plan is to achieve export-led growth in order to avoid boom-and-bust cycles in the economy. He emphasised that the private sector will have to play a lead role.
He expressed commitment to completing the structural reforms process, emphasizing that the government is also working diligently to reduce its expenditures.
The finance minister expressed confidence that Uraan Pakistan will take the country to a place in the next two to three years, making the current IMF programme the last one.
Economic challenges
Earlier, the country’s Minister for Planning and Development Ahsan Iqbal mentioned that the government took necessary steps to address the economic challenges. He expressed confidence that this five-year plan will provide a strong foundation for economic development, and its benefits will reach the common man in the form of better employment, healthcare, education and business opportunities.
Describing it as a revolutionary step, he said the success hinges on the entire nation working collectively toward it.
Pakistan’s Minister for Information and Broadcasting Attaullah Tarar said this is an all-inclusive agenda through which the journey of economic development will be undertaken. He said this economic reforms agenda is for the development of Pakistan and its people.
More to follow…
