AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Islamabad: Stephen Dercon, a Professor of Economic Policy from Oxford University, met with Planning Minister Ahsan Iqbal to discuss Pakistan’s newly unveiled National Economic Transformation Plan. The plan, announced on December 31 by the government, outlines a comprehensive strategy to tackle the nation’s economic challenges through the 5Es framework.
According to a statement by Press Information Department, Dercon congratulated Minister Iqbal and commended the team’s efforts in devising the strategy aimed at rejuvenating Pakistan’s economy, promoting sustainable development, and driving inclusive growth. The 5Es framework focuses on exports, e-Pakistan, environment and climate change, energy and infrastructure, equity and empowerment.
Minister Iqbal highlighted the importance of these critical areas and noted that Pakistan has faced numerous challenges that have weakened its institutions and hindered development. He expressed optimism about the URAAN Pakistan program’s potential to provide solutions for economic stabilization and growth.
Minister Iqbal also shared insights from his recent meeting with banking leaders in Karachi. He encouraged banks to create an export development window offering soft loans to small and medium enterprises (SMEs), aiming to boost exports by $40-60 billion over the next five years. He underscored the financial sector’s vital role in enhancing export growth, agricultural exports, and fostering development in sectors such as IT, services, mining, workforce export, the blue economy, and innovation.
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