March 27, 2024 (MLN): As Pakistan’s success hinges upon strengthened foreign exchange reserves, the government has set a goal to transform the nation into a $100 billion export-oriented economy within the next 7 to 8 years, the planning Minister, Ahsan Iqbal stated during the first Steering Committee on 5Es framework today.
According to a press release issued on the said day, the Steering Committee has decided to hold a One-Day ‘consultative workshop' after Eid in which officials from all the ministries and relevant stakeholders will be invited for deliberations to implement the framework.
The 5Es framework is centered around five key pillars, which include Exports, E-Pakistan, Environment and climate change, energy and infrastructure and equity and empowerment.
It is noted that in June last year, the National Economic Council approved the framework.
Following the approval, the Planning Ministry has expedited its implementation and the formation of a Steering Committee and engagement with all ministries is a part of the exercise which has been started on the directions of Planning Minister Ahsan Iqbal, said a statement issued by the ministry.
In this one-day workshop, all the stakeholders and experts from various fields including academia, industry will be invited and their proposals will be taken before finalizing the action plan to implement the 5Es framework.
While chairing the meeting, the Minister directed all the ministries to come up with solid proposals with their respective Es in the workshop.
The plans should be holistic with inputs and outputs so that its implementation can be ensured, remarked the Minister.
Ahsan Iqbal emphasized that the future of Pakistan hinged on the growth of key sectors such as agriculture, industry and services, and the adoption of technological advancements.
Furthermore, he said that planning should be made keeping in view the modern infrastructure as digital technology was having great influence on different sectors in the era we were living in.
“Our top priority is to improve our governance system and build the economy on modern lines, said the minister, while highlighting the key issues of governance which must be addressed,” he added.
He later noted that digitization and the creation of infrastructure for a knowledge-based economy are indispensable.
The Planning Minister further said that self-sufficiency in the energy sector and affordable prices for industrial and domestic consumers can lead to increased productivity.
“Therefore, we have to create opportunities for equal development in our social sector,” he further noted.
Similarly, he underscored that there is a need to bring reforms in the health sector and concerted efforts with the help of provinces are required, he concluded.
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Posted on: 2024-03-27T15:11:36+05:00
