PM Shehbaz Launches Uraan Pakistan: A Bold Five-Year National Economic Transformation Plan

Prime Minister Shehbaz Sharif has officially launched Uraan Pakistan, a comprehensive five-year National Economic Transformation plan aimed at revitalizing Pakistan’s economy.

The announcement was made during a ceremony in Islamabad on Tuesday evening, December 31, 2024.

During the launch, PM Shehbaz emphasized the need for political harmony and collaboration among various stakeholders to realize these goals. He noted that the plan is not merely a slogan but a commitment to transforming Pakistan into a trillion-dollar economy by 2035 and a three trillion-dollar economy by 2047.

Finance Minister Muhammad Aurangzeb highlighted that Uraan Pakistan will create an enabling environment for local investment and stressed the importance of privatization and outsourcing to mitigate losses from state-owned enterprises.

The government aims to stabilize the economy further after recent challenges, moving from the brink of default towards sustainable growth.

The Uraan Pakistan initiative is designed to address critical economic challenges and is built on a framework known as the Five Es:

• Exports: Focused on enhancing the export sector to drive economic growth and increase foreign exchange earnings.
• E-Pakistan: Aiming to accelerate digital transformation for improved operational efficiency and competitiveness.
• Equity and Empowerment: Promoting social equity and empowering marginalized communities.
• Environment, Food, and Water Security: Ensuring sustainable environmental practices and resource management.
• Energy and Infrastructure: Developing energy resources and infrastructure to support economic activities.

Key Objectives

The plan sets ambitious targets, including:

• Achieving a 6% GDP growth rate by 2028.
• Generating one million jobs annually.
• Attracting $10 billion in private investment each year.
• Increasing exports to reach $60 billion by the fiscal year 202