A 5-year plan is ready for the development of Pakistani economy

A 5-year plan was prepared under the supervision of a British economist for the development of Pakistani economy.

According to government sources, the economic improvement plan is likely to be released on August 14, the project will be inaugurated by Prime Minister Shehbaz Sharif. Sources say that a 5-year plan will be presented in the proposed economic agenda and road map.

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The proposed economic plan has been named the Stephen Durkin plan, a target of 6 percent annual economic growth by 2028 is proposed, and the plan is to take the export target to 60 billion dollars by 2028 through reforms.

Sources say that promotion of private investment and increase in exports have been prioritized under the proposed plan. It is estimated that one million employment opportunities will be created annually with the successful implementation of the reforms.

According to sources, the proposed plan also includes proposals to reduce energy and business costs. Sources say that the transfer of technology from China to Pakistan has been proposed, and export promotion through joint ventures with China has been recommended.

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Sources say that the proposal to increase tax to GDP by 13.5 percent and investment and exports by 15 percent is also included in the plan. Political stability is essential for the implementation of the proposed plan.