- Web Desk
- 29 Minutes ago

PM launches “Uraan Pakistan” economic transformation plan
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- Web Desk
- Dec 31, 2024

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday launched the “Uraan Pakistan”, a homegrown five-year national economic transformation plan.
Speaking at the launch, the prime minister said today was an important day for Pakistan as the Uraan Pakistan programme had been formally launched.
He said “We have achieved economic stability despite immense challenges. We have to move forward through unity and solidarity. We have faced many difficulties in the journey from default to development.”
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He said, “Today, I will not talk about politics, which divides opinion.” He said that in 2023, Pakistan was on the verge of default, and we tried hard for the IMF programme. We opted to sacrifice our politics for the national interest.
PM Shehbaz said that they will go to any extent to save the state. He said that provinces extended full support for the second IMF programme. The second IMF program was not possible without the support of the provinces. He said “This will be the last IMF programme.
PM Shehbaz said that there are immense resources in Pakistan and people are labouring day and night in Pakistan. Pakistan has no shortage of natural resources, it is rich and we should think why we have to look to the IMF again and again.
he said this 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. He said export-led growth is the only option to make Pakistan a stronger economy.
Shehbaz Sharif said the government has set an investment target of 10 billion dollars annually and an enabling environment is being created to attract local investment as well. He said privatization and outsourcing are vital to save huge losses for which political dialogue is utmost necessary. He said private sector will be encouraged
Earlier speaking on the occasion, Finance Minister Muhammad Aurangzeb said “Uraan Pakistan” is aimed at attaining a sustainable GDP growth rate of six percent by 2028, one million jobs annually, and ten billion dollars private investment per year.
The Finance Minister said this plan is accompanied by a comprehensive implementation mechanism to hit the export target of 60 billion dollars by fiscal year 2028. He added that Prime Minister Shehbaz Sharif established a delivery unit at the Prime Minister Office to coordinate the implementation of sectoral plan and roadmaps.
“Uraan Pakistan” is built on pillars of 5Es, entailing exports, E-Pakistan, Environment, including food and water security, Energy and Infrastructure as well as Equity, Ethics and Empowerment.
This plan outlines the government’s ambitious goals for next five years. “Uraan Pakistan aims to place Pakistan on path of sustainable high growth moving towards a stronger and more prosperous future. This is not just a slogan. It is a commitment to build a solid foundation to transform Pakistan into a trillion dollar economy by 2035 and a three trillion dollar economy by 2047.
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.
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