Pakistan: Framework for Economic Growth

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GROW Pakistan

QUALITY OF LIFE...
...human development

...CREATIVE CITIES
urban development…

QUALITY GOVERNANCE...
…institutional strengthening ...community engagement

ENERGETIC YOUTH... ...VIBRANT MARKETS
...innovation

PAKISTAN: FRAMEWORK FOR ECONOMIC GROWTH
May 2011

PLANNING COMMISSION GOVERNMENT OF PAKISTAN

My message to you all is of hope, courage and confidence. Let us mobilise all our resources in a systematic and organised way and tackle the grave issues that confront us with grim determination and discipline worthy of a great nation. – Muhammad Ali Jinnah

The Planning Commission is pleased to present the Framework for Economic Growth as approved by the National Economic Council in its meeting held on 28 May 2011 under the Chairmanship of the Prime Minister of Pakistan.

Commendations
The Growth Strategy is critical to Pakistan's future – in the medium term, sustained steady growth represents the only hope of addressing poverty and of boosting the livelihoods of all citizens. The strategy is correct that space must be made and maintained for private sector development and that reducing the role and improving the efficiency of government is fundamentally important. This requires deep reform rather than funding, a broad public debate and complete commitment by government. I engaged with the Pakistan Growth Strategy at several stages, commenting on papers and meeting the Deputy Chairman and his colleagues. --- Prof. L Alan Winters, Chief Economist, DFID This growth framework concentrates on three key aspects. First, it encourages competitive and inclusive markets. Second, it addresses some long-term structural issues by recommending policies and reforms that will encourage productivity and innovation, promote better urban management, increase connectivity and youth engagement. Third, it outlines a vital role for the government, where it performs regulatory functions to ensure a level playing field for all economic agents, provides the basic infrastructure like water and power and national public goods—such as defence, justice, and security—that are the basic functions of a government. I have been fortunate to be a part of the strategy formulation and look forward to supporting Planning Commission in operationalising this strategy by dialogue especially with the Provincial governments, private sector and civil society. --- Dr. Hafiz A. Pasha, Former Finance Minister and Deputy Chairman, Planning Commission This is a great concept paper. I hope it gets the authorisation to workout the detailed plans with the help of all the stakeholders for a sustainable and equitable economic growth. --- Mr. Shaukat Tarin, Former Finance Minister Pakistan has no choice but to move in this new direction because the traditional growth model with its emphasis on public investment and government involvement in economic activity has not yielded the high growth rates the country needs to absorb the expanding young labour force. Furthermore, the government faces domestic and foreign financing constraints and it simply cannot afford any longer to undertake large-scale capital expenditures. If adopted, the New Growth Framework has the potential to transform the Pakistan economy into one that can compete effectively with the other high-growth developing economies of the world. --- Dr. Mohsin S. Khan, Former Director, IMF

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Pakistan: Framework for Economic Growth

What has struck me most in the process of developing this growth strategy is just how much effort has been put into seeking and developing a buy-in for it from multiple and diverse stakeholders and communities. The intense and honest effort that has been invested in trying to create a national conversation around the growth strategy is remarkable, not just for Pakistan but anywhere in the world. Strategies sink and swim, not only by their intellectual content but also by the political and societal support that they command. I applaud the...
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