Islamabad: Federal Finance Minister Muhammad Aurangzeb has stated that the ‘Uraan Pakistan’ initiative will free Pakistan from reliance on the International Monetary Fund (IMF) within the next two to three years.
Speaking at the program’s launch, the finance minister said the economy has stabilized, and it is now time for the private sector to take the lead in driving growth. He emphasized that the initiative focuses on export-driven economic growth and is a vital component of the homegrown national economic plan for sustainable development.
Minister Aurangzeb highlighted the need for macroeconomic stability to transition into sustainable growth, calling the ‘Uraan Pakistan’ program indispensable for progress. Information Minister Atta Tarar added that the agenda represents a “Made in Pakistan” economic reform strategy, which has steered the country from the brink of default to stability and is now paving the way for growth.
Prime Minister Shehbaz Sharif is set to announce the five-year National Economic Transformation Plan (2024–2029) today. According to the Ministry of Planning, the comprehensive plan has been crafted with input from both public and private sectors, aiming to put Pakistan on a path of sustainable development.
As part of the initiative, the federal government plans to increase annual exports to $60 billion by 2029, boost the number of IT graduates significantly, and lay the foundation for transforming Pakistan into a $1 trillion economy by 2035. The program also includes measures to enhance literacy rates, reduce poverty, and prioritize IT exports.
Minister of State for Finance Ali Pervez Malik and PML-N Chief Whip Tariq Fazal Chaudhry also emphasized the need for political stability to achieve economic stability. Tariq Fazal stated that the country is poised for an economic “take-off” by 2025, envisioning a prosperous future aligned with the dreams of the nation’s founders.
The government described ‘Uraan Pakistan’ as a strategic roadmap for addressing the country’s economic challenges and driving growth, ensuring a brighter and self-reliant future for Pakistan.
