What are the key points of ‘Urran Pakistan Program’?

Prime Minister Shehbaz Sharif has launched the ambitious “Uraan Pakistan” program, a comprehensive five-year National Economic Transformation Plan designed to revitalize Pakistan’s economy and improve the lives of its people. Below are the key points of the initiative:

Key Points of the ‘Uraan Pakistan Program’:

1. Ambitious Economic Reforms:

1. • The program aims to stimulate sustainable, export-led economic growth.
   • Focuses on the “5Es”: Exports, E-Pakistan, Environment, Energy, Equity, and Empowerment.

2. Key Objectives:

1. • Exports: Boosting exports to strengthen economic growth, increase foreign exchange earnings, and improve global trade positioning.
   • E-Pakistan: Promoting digital transformation to enhance efficiency, innovation, and global competitiveness.
   • Environment: Implementing sustainable practices to combat climate change, protect natural resources, and secure water and food resources.
   • Energy: Developing affordable and green energy solutions to lower industrial costs and ensure energy security.
   • Equity and Empowerment: Ensuring that all segments of society benefit from economic progress and promoting social justice.

3. National Unity and Political Cooperation:

1. • The success of the plan hinges on unity among political parties, institutions, and the public.
   • PM Shehbaz stressed the importance of collective efforts from both the government and citizens for the program’s success.

4. Focus on Key Sectors:

1. • The plan will target key sectors like IT, agriculture, exports, and mining to drive growth.
   • Aimed at stimulating $10 billion in annual investments.

5. Macroeconomic Stability:

1. • Achieved through teamwork between the federal and provincial governments, the army, and various institutions.
   • Positive economic indicators include inflation dropping to 5%, a 10% increase in exports, a 24% surge in remittances, and a 34% rise in IT exports.

6. Energy Strategy:

1. • A strong emphasis on clean and affordable energy, particularly solar power, as a key component of the energy strategy.
   • Reforms to address issues like electricity and gas sector debts and losses in state-owned enterprises.

7. Private Sector Role:

1. • The program encourages the private sector to drive the country’s development through investment and innovation, with government incentives for export-oriented industries.
   • The private sector is seen as central to achieving long-term growth and economic stability.

8. Tax Reforms:

1. • Reforms in the tax policy and collection systems, aiming to eliminate tax leakages and improve revenue generation.
   • A goal of achieving 6% GDP growth by 2028.

9. International Support:

1. • The successful negotiation of an International Monetary Fund (IMF) program was highlighted as a significant achievement.
   • The government is committed to ensuring that no further IMF programs are needed in the future.

10. Inclusive Growth:

1. • “Uraan Pakistan” seeks to advance the development agenda through inclusive economic growth, ensuring benefits reach all sectors of society.

The “Uraan Pakistan” program is designed to guide the country from economic instability to growth, focusing on long-term reforms and development to ensure a prosperous future for all Pakistanis. The strategy is a collaborative effort, emphasizing the importance of self-reflection and unity for overcoming past challenges and achieving sustainable progress.