Prime Minister Shehbaz Sharif launched the ‘Uraan Pakistan: Homegrown National Economic Plan’ on Tuesday, outlining the National Economic Transformation Plan for 2024-29.

“The crux is that in the last nine months, we negotiated huge challenges [and] difficulties and through untiring efforts of the federal and provincial governments and our partners in prosperity and progress, we have been able to achieve macroeconomic stability,” he said while addressing the launching ceremony in Islamabad.

“But this is just the beginning of a long journey which would entail sacrifice, blood and sweat to achieve economic growth and find our lost place among nations,” he added.

The five-year initiative aims to tackle major economic challenges through a focused framework known as the “Five Es”: Exports, E-Pakistan, Equity and Empowerment, Environment, Food and Water Security, and Energy and Infrastructure.

In April, PM Shehbaz emphasized the need for a comprehensive strategy to double the country’s exports, advocating for a collaborative approach. He instructed the Ministry of Trade to work alongside successful entrepreneurs and stakeholders to develop this export strategy.

The announcement ceremony took place in Islamabad and featured speeches from Finance Minister Muhammad Aurangzeb, Planning Minister Ahsan Iqbal, and Deputy Prime Minister Ishaq Dar.

PM Shehbaz emphasised the importance of collective effort and unity in “thought and action” to advance the newly unveiled economic reform package.

Earlier, Information Minister Attaullah Tarar stated that the reforms would significantly enhance the quality of life for citizens, stimulate economic growth, and strengthen the overall economy. He noted that the country has transitioned from the brink of default to a more stable position, highlighting positive trends across various economic indicators.