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New Delhi: In a major strategic move to change the country’s economic condition, Pakistan Prime Minister Shehbaz Sharif has officially launched the National Economic Transformation Plan 2024-2029. The plan has been named as “Udaan Pakistan: Domestic National Economic Plan.” It is important to note that Pakistan has been witnessing the significant economic challenges in recent years and has set the goal of this five-year plan to focus on the “five Es,” which include e-governance, environment, equality, exports, and energy.
According to a report from Pakistan’s newspaper Dawn, the Shehbaz Sharif government will focus on the development of exports, e-Pakistan, equity and empowerment, environment, food and water security, and energy and infrastructure over the next five years.
To recall, in April last year, Shehbaz Sharif had called for a comprehensive five-year strategy to double the country’s exports and emphasized the need for a collaborative approach. He had instructed the Ministry of Commerce to consult successful entrepreneurs and stakeholders to develop the export strategy.
During the launch of the five-year plan at a ceremony held in Islamabad, PM Shehbaz openly praised Finance Minister Muhammad Aurangzeb, Planning Minister Ahsan Iqbal, and Deputy Prime Minister Ishaq Dar, he said that it was due to their hard work that the economic development strategy for Pakistan for the next five years was formulated.
PM Sharif said, “In the last nine months, we have discussed significant challenges and difficulties, and through the relentless efforts of both federal and provincial governments along with all stakeholders, we have been able to achieve broad economic stability.” PM Sharif further added, “But this is just the beginning of a long journey, where we will need to make sacrifices, shed blood and sweat to achieve targeted economic development and regain our lost position among nations.”
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