Jan 2025: PM Starting Uraan Pakistan For Industrial & Economic Growth!
In 2025, the Prime Minister of Pakistan Shahbaz Sharif initiated the “Uraan Pakistan” project, which will be a great strategy to accelerate the industrial growth of the country’s economy. Through this program, which is based on a time limit from 2024 to 2029, the economic stability of Pakistan will be improved and through this initiative, the country will get a great opportunity to regain its lost economic position.
The Prime Minister’s main focus is to promote economic reforms such as IMF bailouts, privatization, export-led growth, and digital and AI innovations. Finance Minister Ishaq Dar also expressed his opinion on restructuring Pakistan’s economic road. While Minister Aurangzeb also suggested that Pakistan solve economic challenges under the leadership of Prime Minister Shahbaz Sharif.
Stay tuned to our blog to understand and join this program that will prove to be an economic-led growth.
PM Pakistan Has Initiated “Uraan Pakistan” Program
On December 31, 2024, Prime Minister Shahbaz Sharif announced the National Economic Transformation program, which was introduced as “Uraan Pakistan”. Pakistan will focus on strengthening the economy of Pakistan. The Uraan Pakistan Project was unveiled at the meeting held in Islamabad.
PM Shahbaz Sharif said that this plan has been initiated to make the country’s economic growth sustainable and stable so that in the future Pakistan will not face any more difficulties.
The major goal of this plan is to recover Pakistan’s economic position, increase industrial growth, and immediately increase investment opportunities.
پاکستان کے وزیر اعظم شہباز شریف نے پانچ سالہ اقتصادی منصوبے یوران پاکستان کو پانچ ٹرینڈنگ سیکٹرز فائیو ای ایس پر مبنی ٹارگٹ فریم ورک کا نام دیا ہے، جس میں پہلا ہدف ایکسپورٹ، دوسرا ای پاکستان، تیسرا ماحولیات کو بااختیار بنانا، چوتھا ہدف ہے۔ خوراک اور پانی کی حفاظت ہے، اور پانچواں توانائی اور بنیادی ڈھانچہ ہے۔ ہر شعبے کو مخصوص اہداف کے ساتھ نمٹا جائے گا، جیسے برآمدات بڑھانے کے لیے اضافی حکمت عملی، ڈیجیٹل تبدیلی، اور اے آئی ٹیکنالوجیز کو پورے ملک میں فروغ دیا جائے گا، سماجی و اقتصادی عدم مساوات کو مکمل طور پر کم کیا جائے گا اور مساوات پر مبنی نظام قائم کیا جائے گا، ماحولیاتی استحکام۔ اور توانائی کے بحران کا حل نکالا جائے گا۔
Focusing 5Es Economic Issues With Five-Year Target
Pakistan’s Prime Minister Shahbaz Sharif has named the five-year economic plan Uraan Pakistan as a target framework based on five trending sectors 5Es, in which the first target is export, the second is e-Pakistan, the third is environment empowerment, the fourth is food and water security, and the fifth one is energy and infrastructure.
Each sector will be tackled with specific goals, such as extra strategies to increase exports, digital transformation, and AI technologies will be promoted across the country, socio-economic inequality will be completely reduced and an equality-based system will be established, environmental sustainability and a solution to the energy crisis will be found.
Also Read: Punjab’s Agricultural Equipments
In April, PM Shahbaz emphasized the need to create an export strategy and asked the Ministry of Trade to prepare an export plan in collaboration with successful entrepreneurs and stakeholders. He believes that this clarificatory approach will double exports to the maximum extent and the economy of Pakistan will also be boosted.
Attendees In The Islamabad Meeting: Leaders And Stakeholders
The official meeting was held in Islamabad and was attended by leaders and stakeholders. The purpose of this meeting was to announce the Uraan Pakistan Economic Scheme. All the ministers shared their speeches and defined the goals and importance of this program. Among the leaders and ministers who joined this meeting were:
- Prime Minister Shahbaz Sharif.
- Finance Minister Muhammad Aurangzeb.
- Planning Minister Ahsan Iqbal.
- Deputy Minister Ishaq Dar.
PM Vision To Regain Our Lost Position Again
Prime Minister Shahbaz Sharif said during his speech that “Only the reason for which we are standing here today is the result of the efforts and challenges made in the last nine months”.
He explained that in the previous nine months, the federal and professional governments and their partners have together overcome many difficulties and achieved a lot in the macroeconomy.
Further, the PM said that this is just the beginning, a lot of sacrifices and sweat will be required on this path,so that we will regain our lost position and achieve growth among nations.
PM Shahbaz Sharif also said that to achieve growth, it is necessary for everyone to work together and move forward with “unity of thought and action” and take our country towards progress.
His message was that “only through efforts and commitment can the country be taken out of economic challenges and taken forward”.
IMF Bailout: Lessons And Economic Changes for Pakistan
The Prime Minister of Pakistan also stated in his address that when the government came to power, the country was facing a lot of economic challenges and the economic conditions of the country were completely down.
He said that because of this, Pakistan had to take another bailout program with the IMF. The PM also said We were forced to take help from the IMF again for some reason. He blamed the previous government and corruption for the losses of state-owned enterprises, and circular debt, which is a big financial burden.
If these issues are not addressed on time, the country will have to face similar economic crises. That is why the IMF bailout program was taken to save the country from the economic crisis.
Encouraging Strategies for Export-Led Growth
He also outlined the ways to achieve economic growth and addressed that to improve the economy, input resources and raw materials must be made cheaper so that investment can be made and restrictions on imports must be removed.
This will give a lot of margin efficiency and export link road. PM Shehbaz described export-led growth as the most important for Pakistan. He said that if Pakistan wants a solution to its economic bubble, it needs to earn dollars and this can only be possible through exports.
He also said that supported growth will have to be the centerline of the new reform
package and the stability and growth of the country’s economy will be stabled.
PM Shahbaaz Sharif Promotes Digital Innovation And AI Adoption
Prime Minister Shahbaz Sharif also emphasized the need to promote the digital and technology sectors. He said that expanding the AI sector is very important for the Pakistani economy and with the use of artificial intelligence the AI and digital technology sectors can be promoted.
The PM said that by using AI, we can modernize our industries, productivity can also increase and we can secure our place in the global competition. He also said that this transformation will provide Pakistan with new opportunities and open the doors of development for the country.
Reviving Successful National Privatization:
PM said that political harmony is necessary to balance Pakistan’s economy so that privatization efforts can be taken for reviving national privatization and the losses being incurred in state-owned enterprises can be also privatized.
He also defined that removing these inequalitiess in the state and companies pof Pakistan is a very important step. The PM mentioned the privatization of Pakistan International Airlines PIA, in which he faced a lot of difficulties.
Goal For Achieving $10 Billion Investments Yearly
Further, he said that the government’s goal is to get an investment of $10 billion every year, but he also said that this task is not easy. He emphasized that foreign investment is possible only when local investors are first supported, so some important measures are being given that will extend local investment so that the foreign investors also get the opportunity to invest in Pakistan and they will be trustworthy to invest in Pakistan.
Ishaq Dar On Pakistan’s Economy Roadmap From 24 To 47 Position
On the occasion of the opening of the “Uraan Pakistan” project, Foreign Minister Ishaq Dar also expressed his opinion and said that if Pakistan has to move on the path of development, then petty politics will have to be abandoned.
Ishaq Dar said that at that time Pakistan had to suffer a lot and the country had dropped a lot in its ranking. He said that earlier the country’s ranking was at 24th position and now it has come to 47th. But he also said that Pakistan can still join the club of G-20 countries if we continue on our path and focus on achieving our goals.
He said that to successfully implement this economic growth map, everyone has to work together.
Finance Minister Aurangzeb Structurize Economic Approach For 2028
Now let us mention the updates received from Finance Minister Muharram Muhammad Aurangzeb. He mentioned the macroeconomic deterioration that has occurred in the last 12 to 14 months.Pakistan is an import-based economy and whenever the growth is more than 4%, payment problems start, after which we have to go to the IMF.
Under the leadership of PM Shahbaz Sharif, this solution was needed for long-term prosperity, so he formed the Home-Grown Reform Economy Committee, which was reviewing the National Economic Benchmark and its economic manifesto of the political party. Aurangzeb explained the three main pillars of the economic land.
- The first is the private estimation of investment through which jobs, higher income and competitive economy will get a boost.
- Exports should be increased as export productivity is a major factor in growth.
- Public finances should be optimized through which stability and sustainable growth can be achieved.
Aurangzeb also said that a separate tax policy unit is being created which will report to the Ministry of Finance deeply and independently and explained the deliverables, in which the target of GDP growth has been set at 6%, creating 1million jobs every year by 2028, an additional private investment of $10 million and an export target of $60 million by 2028 were presented.
Conclusion
In the above post, we have shared with you all the updates received from the Prime Minister of Pakistan, Shahbaz Sharif, about the project Uraan Pakistan. This project will boost the economy of our country and will prove to be very useful for many aspects for Pakistan.
Shahbaz Sharif has launched the Uraan Pakistan Initiative for Pakistan’s economic stability and growth. This is a fiscal plan in which exports, digital transportation, and sustainable growth have been given high priority, which will help Pakistan’s economy achieve a well-balanced balance.
Don’t miss any part of the content piece because we have provided all the details related to this project in our article above.
