News desk
Planning Minister Ahsan Iqbal on Friday outlined the government’s ambitious economic initiative, “Uraan Pakistan,” which aims to transform the country into a $3 trillion economy by 2047.
Speaking at a press conference in Islamabad, Iqbal emphasized that the five-year plan was designed to avoid the pitfalls of previous initiatives, such as Vision 2010 and Vision 2025, which faltered due to political instability and policy discontinuity.
The plan, which he called a “national commitment,” seeks to overcome socio-economic challenges, unlock Pakistan’s potential, and foster sustainable growth.
Ahsan stated that unlike earlier frameworks, Uraan Pakistan is insulated from political disruptions through a robust implementation mechanism and a collaborative approach involving all provinces, ministries, and sectors.
He highlighted that the initiative focuses on policy continuity, stakeholder inclusion, and measurable outcomes, ensuring that various stakeholders, including academia, industry, civil society, and international partners, are involved to guarantee inclusivity and coherence.
Ahsan also stressed that the economic plan would leverage Pakistan’s “youth dividend,” with 65% of the population under the age of 30.
He pointed out that this demographic advantage, if empowered through education, skill development, and digital initiatives, would drive the country’s economic transformation.
Drawing inspiration from the successes of countries like Malaysia, Turkey, and South Korea, he stressed that empowering the youth is key to unlocking Pakistan’s full potential.
The minister also provided details on the financing strategy for Uraan Pakistan, emphasizing the role of public-private partnerships (PPP) in reducing fiscal burdens and mobilizing resources for large-scale infrastructure projects. He mentioned that the government would explore innovative financing models, including international development funds and private sector investments, while also strengthening Pakistan’s tax system to improve revenue generation.
