FINALLY, Prime Minister Shehbaz Sharif has announced the much politically hyped five years plan 92024-2029) “Uraan Pakistan” which is a home-grown national economic plan pledging to revive the country’s macro-economy. It consists of the “Five Es” Exports; E-Pakistan; Equity and Empowerment; Environment, Food and Water Security; and Energy and Infrastructure. It is a good omen that it is a holistic, comprehensive, timely and futuristic strategic road map primarily based on export-led growth through collaborative approach doubling the country’s exports with consultation of all the main stakeholders. Moreover, it is progressive, productive and participatory ensuring immense social development, economic stability and sustainability and further diversification of exports which is commendable.

During his keynote speech the PM Shehbaz rightly termed export-led growth as ultimate saviour of Pakistan and his recipe heavily depends on cheap inputs, greater investment, curtail imports encouraging competition, efficiency, and export-led growth. Furthermore, promotion and expansion of the digital and technology sectors, particularly the use and adoption of artificial intelligence should be a way forward to achieve these desired goals in the days to come. The creation of political harmony to advance privatization efforts, prevent losses, and reduce inefficiency in state-owned enterprises vividly reflects fundamental economic wisdom, emphasizing the need for politico-economic consensus to steer both the economy and politics in the right direction. Aiming to attract a target of US$10 billion FDIs per annum seems to be on the higher side because of many complex and complicated reasons and structural flaws. Ideally domestic........

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