ISLAMABAD: Federal Minister for Planning, Development and Reform Makhdum Khusro Bakhtyar on Tuesday said that the economic experts should work hard for formulating a comprehensive strategy under next five-year plan envisaging all aspects for attaining sustained economic growth.
While chairing a meeting on 12th Five Year Plan, Khusro Bakhtyar underscored the need that five year plan should be realistic and contribute to real economic growth.
The minister said that statistics and figures should be based on facts while formulating five year plan. He further stated that they should focus on how to increase their income and achieve all the targets while working on the Plan.
The minister noted that Pakistan’s economy is lagging behind Bangladesh and called for reviewing the factors behind it to address the challenges, reads the statement.
No country can progress unless its foundation is based on rule of law, he said and added that the current government is committed to focus on human resource development, good governance, poverty reduction, restructuring of state institutions, enhancement of tax to GDP ratio, agriculture development, social sector and energy generation.
Khusro Bakhtyar emphasized that these elements should be factored in next five year plan. He noted that previous governments’ priorities were different whereas the incumbent government is particularly focusing on socio-economic development for the uplift of the people.