PM Launches Uraan Pakistan For Boosting Industrial & Economic Growth!
The “Uraan Pakistan” project, which was started in 2025 by Pakistani Prime Minister Shahbaz Sharif, is a fantastic plan to boost the industrial expansion of the nation’s economy. Pakistan’s economic stability will be enhanced by this program, which has a 2024–2029 timeframe. The country will also have a fantastic opportunity to rebuild its lost economic standing.
The prime minister’s primary goal is to promote economic changes like IMF bailouts, privatisation, export-led development, and advancements in digital and artificial intelligence. Ishaq Dar, the finance minister, also shared his thoughts on reorganising Pakistan’s economic path. Minister Aurangzeb recommended that Prime Minister Shahbaz Sharif lead Pakistan in resolving its economic problems.
To learn more about and participate in this program, which will turn out to be an economic-led growth, keep checking our blog.
PM Pakistan Launches “Uraan Pakistan” Program
Prime Minister Shahbaz Sharif unveiled the National Economic Transformation initiative, dubbed “Uraan Pakistan,” on December 31, 2024. Pakistan will concentrate on bolstering its economy. The Uraan Pakistan Project was introduced at the meeting in Islamabad.
According to Prime Minister Shahbaz Sharif, the goal of this strategy is to stabilise and sustain the nation’s economic growth so that Pakistan won’t have any more problems in the future.
This plan’s main objectives are to improve industrial growth, boost investment prospects right away, and restore Pakistan’s economic standing.
پاکستان کے وزیر اعظم شہباز شریف نے پانچ سالہ اقتصادی منصوبے یوران پاکستان کو پانچ ٹرینڈنگ سیکٹرز فائیو ای ایس پر مبنی ٹارگٹ فریم ورک کا نام دیا ہے، جس میں پہلا ہدف ایکسپورٹ، دوسرا ای پاکستان، تیسرا ماحولیات کو بااختیار بنانا، چوتھا ہدف ہے۔ خوراک اور پانی کی حفاظت ہے، اور پانچواں توانائی اور بنیادی ڈھانچہ ہے۔ ہر شعبے کو مخصوص اہداف کے ساتھ نمٹا جائے گا، جیسے برآمدات بڑھانے کے لیے اضافی حکمت عملی، ڈیجیٹل تبدیلی، اور اے آئی ٹیکنالوجیز کو پورے ملک میں فروغ دیا جائے گا، سماجی و اقتصادی عدم مساوات کو مکمل طور پر کم کیا جائے گا اور مساوات پر مبنی نظام قائم کیا جائے گا، ماحولیاتی استحکام۔ اور توانائی کے بحران کا حل نکالا جائے گا۔
A 5-Year Economic Plan: Addressing 5 Core Issues for Sustainable Development
Shahbaz Sharif, the prime minister of Pakistan, has designated the Uraan Pakistan five-year economic plan as a target framework based on five trending sectors, or the five E’s: export, e-Pakistan, environment empowerment, food and water security, and energy and infrastructure.
Every sector will be addressed with distinct objectives, including expanding export strategies, promoting digital transformation and artificial intelligence technologies nationwide, reducing socioeconomic inequality and establishing an equality-based system, ensuring environmental sustainability, and finding a solution to the energy crisis.
Also Read: Punjab Launches 7th Agricultural Census
PM Shahbaz stressed the importance of developing an export strategy in April and requested that the Ministry of Trade work with stakeholders and successful businesspeople to produce an export plan. According to him, Pakistan’s economy will benefit from this clarifying strategy, which will maximise exports.
Islamabad Meeting Attendees: Notable Leaders and Stakeholders Discuss Key Issues
The leaders and interested parties attended the official meeting, which took place in Islamabad. The announcement of the Uraan Pakistan Economic Scheme was the main objective of this gathering. Each minister gave a speech outlining the purpose and significance of the program. The following ministers and leaders attended this meeting:
- Prime Minister Shahbaz Sharif.
- Finance Minister Muhammad Aurangzeb.
- Planning Minister Ahsan Iqbal.
- Deputy Minister Ishaq Dar.
PM’s Vision: Restoring Our Nation’s Lost Glory and Strengthening Our Position
“Only the reason for which we are standing here today is the result of the efforts and challenges made in the last nine months,” Prime Minister Shahbaz Sharif stated in his statement.
“The federal and professional governments and their partners have worked together to overcome many challenges and accomplish a lot in the macroeconomy over the past nine months,” he explained.
PM Shahbaz Sharif added that everyone must cooperate in order to move forward with “unity of thought and action” and advance our nation in order to attain growth.
PM Shahbaz Sharif added that everyone must cooperate to move forward with “unity of thought and action” and advance our nation to attain growth.
He made the point that “the country can only be lifted out of economic challenges and taken forward through efforts and commitment.”
IMF Bailout for Pakistan: Key Economic Lessons and Future Impacts
In his speech, Pakistan’s prime minister also said that the nation was experiencing severe economic difficulties and that the country’s economic situation was at an all-time low when the administration took office.
He claimed that as a result, Pakistan was forced to participate in yet another IMF bailout program. The PM said that, for whatever reason, we had to seek assistance from the IMF once more. He attributed the losses of state-owned businesses and the significant financial burden of circular debt to the previous administration and corruption.
The nation will have to deal with similar economic catastrophes if these problems are not resolved in a timely manner. The IMF bailout program was implemented in order to rescue the nation from the economic catastrophe.
Effective Strategies for Achieving Export-Led Growth:
He also discussed the methods for achieving economic growth and the need to remove import barriers and lower the cost of raw materials and input resources in order to attract investment.
A lot of margin efficiency and export connection road will result from this. For Pakistan, export-led growth is the most crucial, according to PM Shehbaz. According to him, exports are the only way for Pakistan to generate money, which is necessary if it hopes to escape its economic bubble.
Additionally, he stated that the new reform package’s core component must be supported growth in order to stabilise the nation’s economic growth and stability.
PM Shahbaz Sharif Champions Digital Innovation and AI Adoption for National Progress
Additionally, Prime Minister Shahbaz Sharif underlined the need of advancing the technology and digital industries. He asserted that the growth of the artificial intelligence (AI) sector is crucial for the Pakistani economy and that the digital technology and AI sectors may be advanced via the application of AI.
According to the PM, we can modernise our industries, boost productivity, and maintain our position in the global economy by utilising AI. Additionally, he stated that Pakistan will have new prospects and potential for growth as a result of this change.
Reviving National Privatization Success: Strategies for Future Growth
According to the prime minister, Pakistan’s economy needs political balance in order to support privatisation initiatives aimed at restarting national privatisation and recouping losses in state-owned businesses.
He added that eliminating these disparities in Pakistani businesses and the government is a crucial first step. The PM talked about the challenges he faced during the privatisation of Pakistan International Airlines (PIA).
How to Achieve $10 Billion in Annual Investments
He added that the government wants to receive $10 billion in investment year, but that this is a difficult undertaking. He underlined that foreign investment can only occur if local investors are first supported. Therefore, significant measures are being implemented to increase local investment so that foreign investors will have the chance to invest in Pakistan and will be confident enough to do so.
Ishaq Dar’s Vision for Pakistan’s Economy: Boosting Global Ranking from 24th to 47th Position
Foreign Minister Ishaq Dar also voiced his opinion during the launch of the “Uraan Pakistan” project, stating that petty politics must be put aside if Pakistan is to go forward on the path of progress.
According to Ishaq Dar, Pakistan had to endure a great deal at that time and had fallen significantly in the rankings. According to him, the nation is currently ranked 47th, down from 24th place before. However, he added that if we stay on course and concentrate on reaching our objectives, Pakistan can yet become a member of the G-20.
He said that to successfully implement this economic growth map, everyone has to work together.
Finance Minister Aurangzeb Unveils Strategic Economic Plan for 2028
Let’s now discuss the updates that Finance Minister Muharram Muhammad Aurangzeb provided. The macroeconomic decline over the past 12 to 14 months was one of the things he cited.Pakistan’s economy depends on imports, and when growth exceeds 4%, payment issues arise, necessitating a visit to the IMF.
PM Shahbaz Sharif established the Home-Grown Reform Economy Committee to examine the National Economic Benchmark and the political party’s economic platform since he believed that this solution was essential for sustained prosperity. The three primary pillars of the economic land were described by Aurangzeb.
- The first is the private estimate of investment that will improve employment, incomes, and a competitive economy.
- Since export productivity is a key driver of growth, exports ought to be boosted.
- To ensure stability and sustainable growth, public finances should be optimised.
Aurangzeb added that a distinct tax policy unit is being established, which will provide comprehensive and independent reports to the Ministry of Finance. The unit’s deliverables include a 6% GDP growth target, the creation of one million jobs annually by 2028, an additional $10 million in private investment, and a $60 million export target by the same year.
Final Words:
We have included all of the updates that Pakistani Prime Minister Shahbaz Sharif has given us regarding the Uraan Pakistan project in the post above. Our nation’s economy will grow as a result of this project, which will benefit Pakistan in many ways.
The Uraan Pakistan Initiative was started by Shahbaz Sharif to promote economic stability and expansion in Pakistan. With a strong emphasis on exports, digital transportation, and sustainable growth, this fiscal plan will assist Pakistan’s economy in striking a healthy balance.
Since we have covered every detail about this project in our post above, don’t miss any of the content.