"Pakistan will have to overcome the binding constraints of financial, scientific, technical, technological and human resources to achieve 'Vision 2030'," they said.
The prime objective of this effort would be to transform an economy characterised by low saving-to-investment ratio, low growth, low taxes, low productivity and low technology into an economy of high-cum-sustained growth, but without sacrificing the consideration of compassion, equity and justice, sources said, quoting some of the contents of the 'approach paper'.
The National Economic Council (NEC) on May 27 last year had approved the 'Vision 2030 statement' for a developed, industrialised, just and prosperous Pakistan through rapid and sustainable development in resources-constrained economy by developing knowledge inputs, directing the Planning Commission to prepare a long-term perspective document to achieve the target.
The sources said, Deputy Chairman Planning Commission Dr Akram Shaikh will make a presentation on 'Vision 2030' in the National Economic Council (NEC) meeting on Tuesday, February 28, which will be chaired by Prime Minister Shaukat Aziz.
The 'approach paper' emphasises four levels ie nature of the state, economy, society and global imperatives.
It illustrates the issues related to energy, water, infrastructure, knowledge, science, technology and changing demographics from the viewpoint of global demands for competition, productivity and diversification.
The Planning Commission has laid stress on reforms in civil services without which the vision could not be implemented, no matter how well it is formulated.
The paper further proposed that in the education sector there is need to put in place a system of delivery of quality education at all levels and a completely new system of quality of technical education as per international standards.
Regarding provision of justice, the paper proposes availability of secure environment with easy access to justice and the institutions for provision of security along with timely dispensation of justice.
The paper says that for availability of good and affordable health care there should be effective regulatory regime. The State should be able to provide justice, security, education, health, sanitation, drinking water and other essential services.
The paper suggests that a just and non-regressive taxation regime should be promoted along with increase in tax-to-GDP ratio.
The Planning Commission has recommended to NEC formation of 15-20 panels of 5-6 specialists and distinguished persons each from academia, industry, business, planners, social activists, politicians and literary figures for sharing their expertise in the process.
The proposed groups would have to be asked to work in the light of global perspectives, because only a global model would enable Pakistan's profile in 2030 to emerge with reasonable accuracy and consistency.
The Planning Commission says that extensive use should be made of the Delphi techniques to forecast trends and priorities and thus provide foresight.