Newly-elected PM Shehbaz’s 5-year plan focusses on Pakistan’s economic revival

The newly-elected government of Pakistan Prime Minister Shehbaz Sharif has laid down a comprehensive roadmap to revive the country’s economic situation, a media report on Friday said.

This strategic blueprint will focus on critical areas like curbing inflation, alleviating poverty and creating jobs, according to a report by Dawn newspaper.

“In the first meeting, the prime minister sought estimates from different ministries and divisions and formed a committee to go back to the ministries to set five-year targets in different sectors, such as IT, agriculture, industries, energy, food and livestock, reforms in FBR (Federal Board of Revenue), ease of doing business, etc,” Minister of State for IT Shaza Fatima Khawaja said after the meeting.

After getting the required information from the ministries and divisions, the committee would prepare a consolidated document carrying five-year targets for all sectors, Khawaja said, adding that several meetings will soon be held to discuss five-year roadmap.

Earlier, speaking at the meeting, the prime minister said consultation should be held on the plan with all stakeholders of different sectors of economy.

“Without wasting any time, implementation of projects for the economic stability and progress of the country should be ensu¬red,” Shehbaz said, Dawn quoted an official statement issued by the Prime Minister’s Office (PMO).

The prime minister also said a schedule of implementation for the projects should be presented and steps should be taken on a priority basis to speed up progress in the sectors of agriculture, livestock, information technology, foreign investment and small and medium (SME) enterprises.

“In the next five years, the country’s economy would be stabilised to put the country on the path of progress,” he hoped.

Cabinet members Ahsan Iqbal, Muhammad Jehanzeb, Ahad Khan Cheema, Dr Musadik Malik, and various high-ranking officers attended the meeting.

72-year-old Shehbaz earlier this month took oath as the country’s PM for a second time since 2022 amidst staggering economic and security challenges.
The coalition government of PML-N and PPP came to power nearly a month after the February 8 elections.