Govt Delays Launch of $1 Trillion Economic Transformation Plan

Prime Minister Shehbaz Sharif will not launch the New Uraan Pakistan National Economic Transformation Plan 2024-2029 today. “We regret to inform you that the launching ceremony of Uran Pakistan – A Homegrown National Economic Transformation Plan (NETEP), originally scheduled for December 13, 2024, has been postponed due to certain unavoidable reasons,” the Ministry of Planning, Development & Special Initiatives said in a statement. The ministry said the new date for the event would be announced soon. According to the economic plan, the current government aims to guide Pakistan toward sustainable and high economic growth. The plan’s primary goal is to grow Pakistan’s economy from its current size of $374 billion to $1 trillion by 2035. To achieve this, the plan sets ambitious targets including boosting annual economic growth to 9.8 percent, increasing literacy rates by 10 percent to reach 70 percent, and reducing poverty by 13 percent. The New Uraan Pakistan plan also includes initiatives to address other national-level challenges. It seeks to reduce subsidies, eliminate circular debt, and prioritize the environment by cutting greenhouse gas emissions by 50 percent.