Prime Minister Shehbaz Sharif today launched Uraan Pakistan, a homegrown five-year National Economic Transformation plan.

Addressing the launching ceremony in Islamabad, he said this plan is aimed at steering the country toward sustainable growth from the macroeconomic stability.

The Prime Minister stressed the need for reducing cost of the inputs like electricity and gas to ensure sustainable growth. He said local industry should be made more compatible to save foreign exchange and expand exports. He said export-led growth is the only option to make Pakistan a stronger economy.

Shehbaz Sharif said the government has set an investment target of 10 billion dollars annually and an enabling environment is being created to attract local investment as well. He said privatization and outsourcing are vital to save huge losses for which political dialogue is utmost necessary. He said private sector will be encouraged

Earlier, speaking on the occasion, Finance Minister Muhammad Aurangzeb said "Uraan Pakistan" is aimed at attaining a sustainable GDP growth rate of six percent by 2028, one million jobs annually, and ten billion dollars private investment per year.

The Finance Minister said this plan is accompanied by a comprehensive implementation mechanism to hit the export target of 60 billion dollars by fiscal year 2028. He further that Prime Minister Shehbaz Sharif established a delivery unit at the Prime Minister Office to coordinate the implementation of sectoral plan and roadmaps.

Among others, Punjab Chief Minister Maryam Nawaz, Governor Khyber Pakhtunkhwa Faisal Karim Kundi, Balochistan Governor Shaikh Jaffar Khan Mandokhail, Sindh Minister Syed Nasir Hussain Shah, and Azad Kashmir Prime Minister Chaudhry Anwar-ul-Haq were also present on the occasion.

"Uraan Pakistan" is built on pillars of 5Es, entailing exports, E-Pakistan, Environment, including food and water security, Energy and Infrastructure as well as Equity, Ethics and Empowerment.

This plan outlines the government's ambitious goals for next five years.

"Uraan Pakistan" aims to place Pakistan on path of sustainable high growth moving towards a stronger and more prosperous future. This is not just a slogan. It is a commitment to build a solid foundation to transform Pakistan into a trillion-dollar economy by 2035 and a three trillion-dollar economy by 2047.