Review Meeting on the Implementation and Strategy of the 5Es Framework Held under the Chairmanship of Federal Minister for Planning, Development, and Special Initiatives Ahsan Iqbal

Islamabad5th August 2024 : A review meeting on the implementation and strategy of the 5Es Framework was held under the chairmanship of Federal Minister for Planning, Development, and Special Initiatives Ahsan Iqbal. The meeting was attended by members of the Ministry of Planning, the Project Director, Department Chiefs and senior officials, who discussed the strategy of the 5Es Framework in the country.

Addressing the meeting, Federal Minister Ahsan Iqbal stated that the multifaceted strategy under the 5Es Framework was developed in 2022 during the Turnaround Conference with the consultation of over a thousand experts. Experts from all walks of life participated and contributed their professional experiences to formulate a plan for economic development. He emphasized that the 5Es Framework encompasses short-term to long-term strategic plans. He highlighted the importance of peace and stability, policy continuity, and reforms to place Pakistan among the top ten to fifteen economies globally.

He further stated that export-driven growth would help reduce trade and current account deficits, and it is necessary to increase productivity rates in every sector to stabilize the economy. Climate change poses a serious challenge to water and food security in Pakistan, and the lack of effective planning for the growing population and resource utilization is hindering development. He emphasized the need to increase the participation of women in development sectors to at least 50%. With 60% of Pakistan’s population comprising youth, it is the government’s responsibility to provide them with a bright future.

The minister pointed out that regional and social disparities have impeded Pakistan’s economic growth. Peace, political stability, and policy continuity are essential for economic development. He noted that increasing economic pressures have put a strain on the middle class, and rising poverty and inequality pose a severe threat to society.