PM Shehbaz to Launch New $1 Trillion Economic Transformation Plan on Friday

Prime Minister Shehbaz Sharif has approved the Uraan Pakistan National Economic Transformation Plan, which will be officially launched this Friday. The ambitious plan aims to guide Pakistan towards long-term economic growth and development, setting a target of achieving a $1 trillion economy by 2035, up from the current $374 billion.

The plan focuses on several key goals to transform the country. It targets an annual economic growth rate of 9.8%, aims to increase literacy rates to 70%, and plans to reduce poverty by 13% within the next five years.

Additionally, exports are expected to reach $60 billion by 2029, with a significant emphasis on boosting IT exports by $5 billion every year. To support this, the government plans to establish 100 software technology parks across the country.

Addressing pressing national issues is also a priority under the Uraan Plan. It includes strategies to resolve challenges like circular debt, subsidy reforms, and greenhouse gas emissions. Furthermore, the plan emphasizes improving transport infrastructure. One major initiative is a multi-billion-dollar upgrade of the railway system, which will receive significant funding from China.

This transformative plan reflects the government’s vision for a sustainable and prosperous Pakistan. By focusing on economic growth, education, exports, and infrastructure, the Uraan Plan aims to uplift the nation and set a strong foundation for future generations.