Prime Minister Shehbaz Sharif has thrown his weight behind the government’s economic team, tasking them with meeting the ambitious goals outlined in the “Uraan Pakistan” initiative. This multi-faceted economic revival plan focuses on achieving growth in exports, digital transformation, equity enhancement, environmental sustainability, and energy infrastructure development.
During a high-level meeting held in Islamabad, the Prime Minister expressed confidence in the team’s ability to deliver results despite the challenging economic climate. He emphasized that consistent and innovative strategies would be required to tackle Pakistan’s mounting fiscal challenges, including inflation, trade deficits, and foreign debt.
Planning Minister Ahsan Iqbal outlined key features of the initiative, highlighting its emphasis on public-private partnerships, technology-driven solutions, and improved governance. Finance Minister Muhammad Aurangzeb also presented an updated roadmap to stabilize the rupee, boost foreign exchange reserves, and attract international investment.
The Prime Minister stressed the importance of timely implementation, stating that delays could jeopardize progress. He directed the economic team to prioritize job creation and measures to alleviate poverty, ensuring that growth benefits all segments of society.
Key components of the plan include special incentives for the IT sector to boost digital exports, enhanced infrastructure for renewable energy projects, and focused efforts on agricultural modernization. In addition, a rigorous framework for monitoring and evaluation has been proposed to ensure transparency and accountability.
While economists have welcomed the initiative, they caution that external shocks, such as fluctuating oil prices and geopolitical tensions, could pose risks to its success. The Prime Minister has assured stakeholders of the government’s readiness to adapt and respond to emerging challenges.
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