PR No. 142 PRESS RELEASE Islamabad, May 15, 2024

The Ministry of Planning, Development, and Special Initiatives organized the Pakistan Development Summit, which brought together leading experts from various fields to deliberate on the effective implementation of a comprehensive framework for economic growth and development. Federal Minister for Planning, Development, and Reforms, Ahsan Iqbal, emphasized that Pakistan is rich in all forms of wealth, but development is impossible without peace and political stability. He hailed projects like CPEC as gifts for the nation and underscored the need for a comprehensive national economic charter to ensure sustained progress. The Minister stressed the importance of efficient resource utilization, proper planning, and policy continuity, and emphasized that sustained policies, coupled with a decade-long democratic stability, are key to successful outcomes. The Minister highlighted the 5Es framework, which includes Exports, E-Pakistan, Environment and Climate Change, Energy, and Equity and Empowerment, as a significant milestone in Pakistan's journey towards sustainable economic growth and development. He emphasized that Pakistan needs to work together as a nation and strive to surpass neighboring economies on its journey towards economic prosperity. The 5Es framework aims to promote exports, build a knowledge economy, address environmental challenges and climate change, ensure affordable and sustainable energy solutions, and foster inclusive economic growth and universal access to health, education, and social protection services. Secretary Planning, Awais Manzur Sumra, acknowledged Pakistan's economic challenges but reassured ongoing efforts towards comprehensive policy implementation. He noted the nation's resilience in facing economic hurdles, including climate change, with a robust framework comprising short, medium, and long-term initiatives across various sectors such as exports, energy, and investment. With the collective efforts of the government, industry experts, and citizens, Pakistan can overcome its economic challenges and become a trillion-dollar economy by 2035.