The aim of the programme is to achieve sustainable export-led economic growth based on 5Es – exports, e-Pakistan, environment, energy, equity, and empowerment.

Political harmony is pre-requisite for the success of the five-year plan. The plan focuses development in IT, agriculture, exports, and the mining and mineral sectors.

The government vowed to increase annual investment across various sectors to US$10 billion.

“The government has achieved the macro-economic stability due to teamwork of the federal cabinet, the deputy prime minister, provincial chief ministers, and the institutions,” he said adding he never experienced this kind of cooperation that he received from the Chief of the Army Staff.

A huge chunk of the country’s resources went to waste annually due to corruption, PM regretted.

He said the Federal Board of Revenue had the potential to multiply its revenue collection for which the institution was being reformed.

Earlier, PM Shehbaz introduced the logo, website, and a book on Uraan Pakistan. He highlighted the government’s efforts for economic growth.

“But this is just the beginning of a long journey and it requires unity, ”he added.

He stressed the importance of clean energy sources and a special focus on solar energy.

He said that in 2023, the government struggled hard to conclude the IMF program as Pakistan was on the verge of default owing to continuously depleting foreign exchange reserves. He also expressed the hope that that it would be the last IMF facility.

“To avoid this default, our party (PML-N), and the coalition partners jointly decided that we will sacrifice our politics for the national interest,” PM said.

He said Allah Almighty had blessed Pakistan with huge natural resources and talented manpower that could be utilized to achieve the ambitious development targets.

He also defended his government’s re-negotiation with IPPs saying that it was time the elite class also sacrificed for the country.

Minister for Planning, Development and Special Initiatives Professor Ahsan Iqbal explained the Special Investment Facilitation Council (SIFC) and the CPEC-5Cs (Corridors) framework as two ‘golden opportunities’ for Pakistan to transform its 5Es framework into a reality.

“The SIFC and CPEC corridors are very well aligned with our 5Es (Exports, Equity and Empowerment, E-Pakistan, Environment & Climate Change, and Energy and Infrastructure) framework, and are helpful in its implementation,” he said while giving a presentation on Uraan Pakistan – 5Es National Economic Transformation Plan (2024-29).