Home »Business and Economy » Pakistan » Five-year plan eyes 5.8 percent growth
Federal Minister for Planning, Development & Reform Makhdoom Khusro Bakhtiar Monday said that 12th Five-Year Plan (2018-23) aims at achieving 5.8 percent Gross Domestic Product (GDP) growth rate. The minister expressed these views while chairing a meeting with reference to the 12th Five-Year Plan. "This growth has been projected on the basis of 3.6 percent growth in agriculture, 6.1 percent in industry and 6.8 percent in services sector on average during the plan period," he added.

Planning Secretary Zafar Hasan, Joint Chief Economist Rai Nasir Ali Khan, Chief Macroeconomics Muhammad Zafar and review committee members attended the meeting.

The minister said that in line with the government's vision, emphasis during the plan period will remain on social sectors, poverty alleviation, job creation and improvement of governance for ensuring transparency and overcoming corruption.

He said that it was informed that consolidation period is expected to be over by next fiscal year, adding that GDP growth will start picking up from the current 4.2 percent to 7 percent during terminal years of the Five Year Plan.

The meeting was apprised that draft of the plan is ready which will be launched after the approval from the competent forum.

The minister appreciated the macroeconomic framework prepared by Planning Commission of Pakistan. The framework is based on consultation process involving all stakeholders including civil society, media, private sector and above all the provinces.

Copyright Business Recorder, 2019


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