The World Bank

The World Bank In Pakistan

Pakistan has important strategic endowments and development potential. The increasing proportion of Pakistan’s youth provides the country with a potential demographic dividend and a challenge to provide adequate services and employment.

Pakistan’s strong post-pandemic recovery came to a halt in FY23 with large accumulated economic imbalances that resulted from the delayed withdrawal of accommodative policy, and a series of domestic and external economic shocks. Pressures on domestic prices, external and fiscal balances, the exchange rate, and foreign exchange reserves mounted amid surging world commodity prices, global monetary tightening, recent catastrophic flooding, and domestic political uncertainty. Confidence and economic activity collapsed due to import controls, periodic exchange rate fixing, creditworthiness downgrades, and ballooning interest payments. Poverty is estimated to have increased due to deteriorating wages and job quality, along with high inflation that eroded purchasing power, particularly for the poor.

Pakistan’s economy is estimated to have contracted in FY23, after two consecutive years of stellar growth. Overall, real gross domestic product (GDP) is estimated to have declined by 0.6 percent in FY23 after growing by 6.1 percent in FY22 and 5.8 percent in FY21. Floods caused heavy damage to crops and livestock, while difficulties securing critical inputs, including fertilizers, further slowed agriculture output growth. With 44 percent of poor workers relying on agriculture, weak agricultural performance had significant poverty impacts. Supply chain disruptions due to import restrictions and flood impacts, high fuel and borrowing costs, political uncertainty, and weak demand affected industry and service sector activity, and dampened private investment. Private consumption also shrank with weakened labor markets and surging inflation. This likely reduced the labor incomes of millions of workers, especially those who moved to lower-productivity informal jobs.

Economic growth is expected to remain sluggish and downside risks to the outlook will remain exceptionally high. The approval of the International Monetary Fund (IMF) Stand-By Arrangement (SBA) in July 2023 unlocked new external financing and averted a balance of payments crisis. Even with the SBA, reserves are expected to remain low, necessitating continued import controls and constraining economic recovery. Real GDP growth is projected to reach only 1.7 percent in FY24 and 2.3 percent in FY25. The agriculture sector is expected to recover on the back of higher production of important crops, including cotton and rice. Marginal easing of import restrictions is expected to support some recovery in the industrial sector, particularly large-scale manufacturing. Flow-on impacts from the strengthening agriculture and industrial sectors will support a revival in associated services sectors including wholesale and retail trade, and transport and storage. However, high inflation due to increasing domestic energy prices and continued depreciation is likely to keep economic activity subdued. Recovery in private investment and exports will be marginal in the absence of broader reforms. With the resumption of growth, poverty expected to decline to 37.2 percent in FY24.

The economic outlook and short-term macroeconomic stability are predicated on the robust implementation of the SBA, continued fiscal restraint and external financing inflows. Financial sector instability and policy slippages due to social tensions pose significant risks. Continued high inflation, localized insecurity, and weak growth increase vulnerability to falling into poverty and worsen the situation of the existing poor. More than 10 million people are currently just above the poverty line, and at risk of becoming classified as poor if the situation deteriorates. Without further reforms, risks will remain exceptionally high, economic activity will remain constrained by import controls and weak confidence, while low investment and exports will undermine medium-term growth potential.

A more robust recovery will require an ambitious medium-term reform agenda focused on fiscal consolidation and enhancing competitiveness , supported by strong political ownership and commitment. The reforms would include measures to increase revenues by broadening the tax base, including from closing exemptions and tapping increased revenue from agriculture, retail, and property. It would also entail measures to rationalize fiscal expenditures, such as by reducing wasteful and regressive subsidy spending, and to restore private sector confidence through business regulatory reform and reforms to state-owned enterprises, and to address inefficiencies and high costs in the energy sector.

Last Updated: Oct 04, 2023

The  Country Partnership Strategy  (CPS) for Pakistan for FY2015-20 is structured to help the country tackle the most difficult—but potentially transformational—areas to reach the twin goals of poverty reduction and shared prosperity.

The Pakistan team continues to engage with stakeholders on the next Country Partnership Framework (CPF). The CPF will draw from several analytical works, including Pakistan Systematic Country Diagnostic: Leveling the Playing Field , and the recently published Country Climate Development Report and Country Economic Memorandum .

The four results areas of the current CPS are:

Transforming the energy sector:  WBG interventions are supporting improved performance of the energy sector by supporting reforms and investments in the power sector to reduce load shedding, expand low-cost generation supply, improve transmission, improve governance and cut losses.

Supporting private sector development:  A mix of budget support, investments and analytical work supports improvements in Pakistan’s investment climate, in overall competitiveness, agricultural markets and productivity, and skills development. 

Reaching out to the underserved, neglected, and poor:  Investments support financial inclusion, micro, small and medium enterprises (MSMEs), women and youth (including through enrollment outcomes), fragile provinces/regions and poorer districts, social protection, and resilience and adaptation to the impact of climate change.

Accelerating improvements in service delivery:  At the federal and provincial levels the Bank supports increasing revenues to fund services and setting more ambitious stretch targets for areas that are not producing change fast enough (especially education and health). At a provincial level, this involves support to better service delivery in cities.

Cross cutting themes for the program include women’s economic empowerment, climate change and resilience, and regional economic connectivity.

The WBG has its third-largest portfolio of $14.8 billion in Pakistan ($10.8bn IDA, $3.8bn IBRD, $0.2mn in Trust funds and co-financings). The portfolio is supporting reforms and investments to strengthen institutions, particularly in fiscal management and human development. Partnerships are being strengthened at provincial levels, focusing on multi-sectoral initiatives in areas such as children's nutrition, education and skills, irrigated agriculture, tourism, disaster risk management, and urban development. Clean energy, and social/financial inclusion, both remain major priorities.

ENHANCING DISASTER RESILIENCE

Being one of the most vulnerable countries to climate change Pakistan is recurrently affected by catastrophes, including the unprecedented 2022 floods which affected an estimated 33 million people and resulted in US$14.9 billion in damages and US$15.2 billion in economic losses . Pakistan’s economy continues to suffer chronic strain from prevailing and likely future threats of hazards. Since the 2005 Pakistan earthquake, which led to nearly 73,000 deaths and caused damages to over 570,000 houses, the Bank has been supporting the Government of Pakistan in shifting to an anticipatory risk management approach. Initially, the Bank provided technical assistance to the government to highlight physical and fiscal risks from hazards, including risk assessments of federal and provincial capitals. In parallel, the Bank also used grant resources to build the capacity of Provincial Disaster Management Authority of Balochistan.

Following the floods of 2014, at the request of Government of Pakistan, the World Bank prepared the US$125 million IDA-funded Disaster and Climate Resilience Improvement Project (DCRIP) to support the restoration of flood protection infrastructure and strengthen government capacity to manage disasters and climate variability in Punjab. The project was successfully concluded in November 2021,achieving its intended development objectives and surpassing the targets for several key results indicators. DCRIP directly benefitted more than 8 million people, half of which are women. The project also repurposed US$7 million to support the Government of Punjab in the pandemic emergency response through procurement of personal protection and healthcare equipment.

In 2016, the Bank also prepared and delivered the US$100 million IDA-funded  Sindh Resilience Project  (SRP) to mitigate flood and drought risks in selected areas, and strengthen Government of Sindh's capacity to manage natural disasters. About 5.75 million people across the province have benefitted from project interventions till date. The drought mitigation component of the project, comprising construction of small groundwater recharge dams, has already started generating strong development impacts for the target communities. In 2021, the Bank approved an additional financing of US$200 million to scale up the small groundwater recharge dams component and set up an emergency rescue service for Sindh.

The Bank has also prepared and delivered the US$188 million IDA-funded Pakistan Hydromet and Climate Services Project which aims to strengthen Pakistan’s public-sector delivery of reliable and timely hydro-meteorological services and enhance community resilience to shocks. The Contingent Emergency Response Component (CERC) was activated under this project to disburse US$150 million in response to the 2022 floods to provide cash assistance to 1.3 million flood affected families.

Furthermore, as part of comprehensive emergency response and rehabilitation support for 2022 floods, the Bank delivered two emergency projects for the province of Sindh, which was disproportionately affected by the catastrophe. The US$500 million IDA-funded Sindh Flood Emergency Rehabilitation Project aims to rehabilitate damaged infrastructure and provide short-term livelihood opportunities through cash-for-work in selected areas of Sindh affected by the 2022 floods. The project will also strengthen the capacity of the Government of Sindh to respond to the impacts of climate change and natural hazards through expansion of the Sindh Emergency Rescue Service (Rescue 1122) and enhancing the preparedness of relevant line departments. The Project is expected to benefit 2 million people through rehabilitated infrastructure while short term livelihood support will be provided to 100,000 households.

Similarly, the IDA-funded US$500 million Sindh Flood Emergency Housing Reconstruction Project aims to deliver beneficiary-driven, multi-hazard resilient reconstruction of core housing units damaged or destroyed in the floods of 2022 in selected districts of Sindh. The Project will support the provision of an estimated 350,000 housing subsidy cash grants and strengthen the capacity of the Government of Sindh by providing technical assistance for the overall housing reconstruction program.

The flood emergency response projects have made satisfactory progress till date. US$ 160 million has been utilized for infrastructure rehabilitation, benefitting more than 3 million people, and about US$100 million has been committed for tranche-based cash grants for housing support to 160,000 beneficiaries.  Efforts are ongoing to ensure the inclusion of eligible beneficiaries and putting emphasis on infrastructure resilience in design standards, which represent important steps towards enhancing overall resilience and building back better.

The Bank has also launched the Country Climate and Development Report (CCDR) for Pakistan. The Pakistan CCDR provides analyses and policy recommendations on harmonizing efforts to achieve further economic growth and lower poverty rates, on the one hand, with the pursuit of a climate-resilient, low-carbon, and equitable development path, on the other. In light of the devastating 2022 heatwaves and floods and the country’s vulnerability profile, the CCDR strongly emphasizes the need to build long-term resilience. Further, it explores pathways for Pakistan to achieve deep decarbonization by 2050, and eventually reach net-zero emissions by 2070 without undermining its development ambitions.

Pakistan has made progress in mainstreaming the Sustainable Development Goals (SDGs) in national policies and strategies, however, there is a slow progress in improving health outcomes. According to the maternal mortality survey in 2019, the country’s maternal mortality ratio  was 186 deaths per 100,000 live births down from 276/100,000 live births in 2006-07. Large gaps exist across provinces with Sindh and Balochistan having twice the number of maternal deaths as compared to the national average. The country also has one of the highest infant and under-5 mortalities in the region (62 and 74 deaths per 1,000 live births, respectively). Twenty-two percent of the children born have low birth weight with variations across provinces.

On average, access to quality reproductive, maternal, newborn, child, and adolescent health with nutrition services in Pakistan is inadequate, with regional disparities. About 49 percent of pregnant women do not receive the recommended four or more anti-natal care (ANC) visits essential for a safe and healthy pregnancy outcome. With 33.8 percent of births outside of health facilities, the risk of maternal and infant mortality and morbidity is high. 42 percent of women of reproductive age in Pakistan have anemia due to poor nutrition. At 3.6 births per woman, Pakistan’s fertility rate is still relatively high, and except for Punjab, adolescent fertility has increased, and modern contraceptive prevalence rate (mCPR) has been low in the last decade at 25 percent. High fertility rate and teenage pregnancies contribute to poor maternal and child health outcomes which pose risks of death and illness.  Poor health affects all facets of women’s lives including delayed development milestones, education, learning skills and gainfully participating in the labor force.

Stunting rates for children under age 5 have dropped from 45% to 40.2% from 2013 to 2018. However, it is still high and large disparities exist among provinces. This prevalence varies from 36.4% in Punjab to 46.6% in Balochistan. The average annual rate of reduction since the last 2018 National Nutrition Survey has been estimated at only 0.5 percent, which is frighteningly slow to reach the national targets. Although the situation is worse in rural and poor households, more than 20 percent of under-5 children in the wealthiest income quintile are also stunted, meaning poverty is not the only driver of stunting.

Immunization coverage for children aged 12-23 months, increased considerably over the past 8-9 years from 54% in 2013 to 77% in 2022. In Punjab 89.6% of children are fully immunized while in Khyber Pakhtunkhwa, Sindh and Balochistan 61%, 69.2%, and 37.7% are respectively fully vaccinated.

The World Bank has been supporting the health sector in Pakistan through national and provincial projects. The National Immunization Support Project (closed in June 2022) had supported immunization of children across the country and the Pandemic Response Effectiveness Project (closed in June 2023) prepared to respond COVID-19 pandemic in Pakistan and strengthen national systems for public health preparedness. The National Health Support Program , approved in Fiscal Year 2023, supports the strengthening of equitable delivery and quality of essential health services at the primary level and the Sindh Integrated Health and Population Project , approved in Fiscal Year 2023, supports to improve quality health services in selected areas and restore and rehabilitate healthcare services impacted by floods. Provincial Human Capital Investment projects are being implemented in Balochistan, Punjab and Khyber Pakhtunkhwa and they aim to improve utilization of quality health targeted and social services to the poor and vulnerable population. The World Bank recently signed (September 2023) a Punjab Family Planning Program, with the aim to improve modern contraceptive prevalence rate (mCPR) in the province.

Sources: Pakistan Demographic & Health Surveys 2006-07 , 2012-13 & 2017-18 , Maternal Mortality Survey 2019 , National Nutrition Survey 2018 , Third-Party Verification Immunization Coverage Survey 2022

Actions to Strengthen Performance for Inclusive and Response Education (ASPIRE) is a 5-year US$200 million program that became effective in August 2020. The program is aimed at enhanced targeting of COVID-19 education response, generating improved learning opportunities for out-of-school children (OOSC) and at-risk students, and enabling stronger federal-provincial coordination and management. To date, the Ministry of Federal Education and Professional Training (MoFEPT) and the provincial education departments have achieved four Disbursement-Linked Results (DLR): adoption of National School Health and Safety Protocols, approval of National Education Response and Resilience Plan, provision of distance learning kits to 50,000 students across the country, and provision of hygiene and cleaning kits to 20,000 public schools nationwide. The activities planned in in FY23 mostly focused on construction and rehabilitation, communication campaigns, teachers training, multi-modal programs, and specific intervention related to Out of School Children (OOSC). The ASPIRE program has also been successful at leveraging the Inter-Provincial Education Ministerial Conference (IPEMC) and the Technical Steering Committee (TSC) platforms for improved coordination between the Federal and Provincial Education Departments.

Pandemic Response Effectiveness in Pakistan project (PREP) , initiated in April 2020, was closed in June 2023. Different donor organizations extended their support in the form of grants and loans to overcome the pandemic situation all over the world, especially to support the education sector. PREP was a US$187 million project of which US$17 million is the education component. The education component introduced distance-learning activities and the development and implementation of plans to ensure the continuity of learning including remote learning options, at all levels of education. These included TV /radio broadcasts, virtual networks of teachers, and other means of distance delivery of academic content at primary, secondary and higher secondary levels. The key activities that are being procured under PREP included: i) Teleschool initiative through Allama Iqbal Open University (AIOU), ii) Content procurement for Teleschool, iii) Strengthening of E-Taleem portal including Virtual Teacher Training (VTT) and Learning Management System (LMS) modules, iv) Development of VTT Training Modules/Courses v) Smart classrooms vi) Procurement and distribution of hand-held devices vii) Communication campaign viii) School on wheels, and ix) the monitoring and evaluation activities.

Data and Research in Education (DARE) is a US$10 million Bank Executed Trust Fund (BETF) provided by the Foreign, Commonwealth & Development Office alongside the ASPIRE program. The project supports Pakistan education sector’s response and recovery by providing technical assistance to the Federal Government, in order to strengthen the education data infrastructure and coordination mechanisms between the federal and provincial governments, enhance evidence-based decision making and improve targeting of programs to reduce inequality and gender-gap. The main components under DARE include strengthening the provincial-Federal education data management processes, enhancing sector coordination on student learning outcomes and improvement of sector monitoring, evaluation and decision making by supporting policy research and impact evaluations.

COVID 19 Response, Recovery, and Resilience in Education Project (RRREP)   - a Global Partnership for Education funded grant of US$19.85 million was successfully closed in November 2022. The project ensured learning continuity through a) broadcasting the digital content on National TV and Radio which reached around 2.7 million children across 58 lagging districts in Pakistan; b) contributed to the evolving EdTech ecosystem at the Federal level by enhancing the Ministry’s digital content library (6000 lessons for grades K-12) and mapping them to the National and Provincial Student Learning Outcomes; and c)  providing adequate infrastructure for the delivery of digital content. Moreover, to ensure safe school reopening post COVID-19, around 1.8 million children in over 12,000 primary schools received sanitizing and hygiene kits, as well as learning materials to lower barriers for re-enrollment and attendance. The Bank has also supported the government’s communication campaign on safe school practices as well as re-enrolment campaigns to encourage families to send their children back to schools once schools re-opened. The project also supported National strategic policy dialogue on strategies to mainstream Out of School Children (OOSC).

Under the 5-year Higher Education Development in Pakistan (HEDP) the World Bank supports research excellence in strategic sectors of the economy, improved teaching and learning and strengthened governance in the higher education sector. The project has been successful in bringing some key reforms in the sector, including: introduction of an Undergraduate Education Policy which established the criteria for Associate Degree and transition of all Bachelor’s Degree programs from two-years to four-years; research capacity development by providing competitive research, innovation, and commercialization grants, such as the Rapid Research Grants, for research on critical COVID-19 related topics and Innovative Seed Fund to support startups and entrepreneurs; expansion of digital connectivity and remote learning systems to ensure continuity of education during COVID-19 and capacity building trainings of faculty, especially females under the newly established National Academy for Higher Education. HEDP closes on June 30, 2024.

The World Bank supported Punjab with an reform program through the  Punjab Education Sector Project-III program (US$300 million), which closed  in June 2022. The Bank also supports interventions in the education sector in Punjab through the Human Capital Investment project (US$200 million, with US$30 million supporting strengthening and scale-up of early childhood education in 11 districts in South Punjab). The project supports the development of a 2-year early childhood education (ECE) curriculum and strengthening of ECE services in Punjab. Currently a minimum of 11,000 ECE classrooms meet new quality standards, which include the presence of a trained teacher and caregiver as well as a kit with instructional material. In addition, content for teaching and learning materials is being updated to ensure alignment with evolving curricula and standards.

The 5 year Sindh Early Learning Enhancement through Classroom Transformation (SELECT) project of $155 million, financed in part by the Global Partnership for Education grant ($55 million) supports the Sindh Education Sector Plan & Roadmap (SESPR) 2019–2024, focusing on 12 of 29 districts in Sindh, with the lowest performance on educational outcomes. Prioritized areas under SELECT include foundational literacy; teaching quality; classroom and provincial assessments improving access to elementary schools and enhancing the school learning environment, including in 250 flood-affected schools; proactive dropout mitigation (especially for girls) and transition from primary to secondary schooling through the development of a student attendance monitoring and redress system; and improved school and district-level governance which contribute to the achievement of its targets.

Balochistan

The Balochistan Human Capital Investment Project (BHCIP), which became effective in 2021, is implemented together with the health sector. The education component (US$17.75 million) focuses on the improved utilization of quality education services in selected refugee hosting districts. BHCIP funds the rehabilitation of schools and upgrading of primary schools to middle and high schools, merit-based hiring of additional teachers and strengthening of the education sector stewardship. To date, BHCIP has initiated the procurement of supplies for schools, including basic furniture, ECE classroom materials, science, and IT laboratory equipment. The project also aims to improve student assessment and teacher training across the province by supporting the Balochistan Assessment and Examination Commission and Provincial Institute of Teacher Education. Use of data for decision making and schools’ capacity to contribute to generating reliable data is another important element of the project that strengthens governance at school and district levels.

Khyber Pakhtunkhwa

In March 2021, the Government of Pakistan approved the US$200 million Khyber Pakhtunkhwa Human Capital Investment Project (KPHCIP) – a five-year project that aims to improve the availability, utilization, and quality of primary healthcare services and elementary education services in 4 districts of Khyber Pakhtunkhwa. The districts were selected because they have some of the highest refugee populations in the province. This financing includes a grant of US$62.5 million from the IDA18 regional sub-window for refugees and host communities (IDA-18 RSW). The education component (US$115 million) of the project will focus on improving the availability, utilization and quality of education services in selected districts for all children, especially refugees and girls. US$15M from the education component are being reallocated for flood rehabilitation and reconstruction in the original districts as well as 9 additional flood-affected refugee-hosting districts. A project restructuring is underway to accommodate flood response activities.

OPERATING IN CONFLICT AREAS

In the aftermath of the militancy crisis in 2009 in Pakistan, the Multi-Donor Trust Find (MDTF) for Khyber Pakhtunkhwa (KP), Federally Administered Tribal Areas (FATA), and Balochistan was established in August 2010 to support the reconstruction, rehabilitation, reforms, and other interventions needed to build peace and create the conditions for sustainable development. Round I of MDTF projects was implemented from August 2010 to March 2017 and focused on helping the provinces come out of the crisis and take strides towards conflict prevention and peacebuilding. Subsequently, Round II commenced in April 2017 and continues the drive towards reconciliation, peacebuilding and enhancing state- citizen trust by focusing on three pillars: (i) Growth and Jobs Creation; (ii) Improved Service Delivery; and (iii) Policy Reforms and Improved Governance.

The MDTF has approximately $283 million in net resources.

As of September 30, 2023, approximately US$252.1 million (99% of allocated funds) has been disbursed for government-executed activities, and approximately US$24.5 million (97% of allocated funds) for World Bank-executed activities.

The MDTF will close after over a decade long engagement on December 31, 2023. The work of the MDTF was particularly important after the passage of the Thirty-First Amendment to the Constitution by the National Assembly on May 24, 2018, which has merged the seven agencies of FATA with the province of Khyber Pakhtunkhwa.

The MDTF helped address an array of challenges faced in its target areas including the COVID-19 emergency. This included procurement of 55 ventilators, 19,000 N-95 masks, 1,500 canes for sanitizers, 25,000 gloves, 10,000 face shields, 1 million surgical masks, 60,000 viral transport medium kits, and five automated RNA extraction machines. Moreover, the ERKP project supported small and medium enterprises (SMEs) impacted by COVID-19 through provision of matching grants (MGs).  

The MDTF continues to achieve results towards under its three results areas of (i) Enhanced productivity and job creation (through entrepreneurship and skilled labor); (ii) Improved livelihoods and access to basic services; and (iii) Enhanced transparency and accountability in public service delivery, and effective resource management.

improvement in road network-level ride quality

Pakistan: Commitments by Fiscal Year (in millions of dollars)*

Doing our part to curb plastic waste in pakistan, around the bank group.

Find out what the Bank Group's branches are doing in Pakistan.

Image

STAY CONNECTED

Additional resources, country office contacts.

This site uses cookies to optimize functionality and give you the best possible experience. If you continue to navigate this website beyond this page, cookies will be placed on your browser. To learn more about cookies, click here .

economic development planning in pakistan

  • Pakistan Home
  • Constitution
  • Judicial system
  • Public–private partnerships
  • Key projects
  • Supporting the public sector
  • The business environment
  • Government politics
  • Local government
  • National development plan
  • Governance institutions

National Development Plan of Pakistan

The Planning Commission launched the first long-range development plan, Vision 2030: Pakistan in the 21st Century, in August 2007, following an extensive stakeholder consultation process. This expresses the aspiration of the people for a ‘developed, industrialised, just and prosperous Pakistan through rapid and sustainable development in a resource-constrained economy by deploying knowledge inputs’. Concurrent medium-term plans set out strategies and priorities towards achievement of Vision 2030. The Planning Commission was in 2013 working on the Development Strategy 2013-18.

Among the most important objectives emphasised in successive plans are:

  • Using available resources in the most efficient and effective manner (‘more with less’)
  • Supporting the private sector
  • Modern transport networks
  • Universal primary and 70 per cent secondary school enrolment, with a marked improvement in quality of education
  • Gender equality and ensuring girls’ and women’s access to education, health and employment opportunities
  • Increasing investment in science and technology and improving quality in higher education to create a knowledge economy
  • Redirecting resources to accelerate growth in the provinces of Balochistan and Khyber Pukhtoonkhwa; the Federally Administered Tribal Areas; and Azad Kashmir and Northern Areas Governance The Development Strategy 2013-18 gives priority to institutional and governance reforms that promote transparency and accountability in public life; involvement of citizens at all stages of planning, implementation and monitoring of development programmes; and social enterprises that are committed to human development, poverty alleviation and youth empowerment.

The Development Strategy 2013–18 gives priority to institutional and governance reforms that promote transparency and accountability in public life; involvement of citizens at all stages of planning, implementation and monitoring of development programmes; and social enterprises that are committed to human development, poverty alleviation and youth empowerment.

  • All member countries
  • Our network:
  • Commonwealth of Nations
  • Commonwealth Education Online
  • Commonwealth Health Online

© 2024 Nexus Partnerships Limited

  • Choose Country
  • Ismaili Community
  • Ismaili Imamat

Related Websites

  • Architecture
  • In the Media
  • Photo Gallery
  • Video Gallery
  • Social Media
  • Around the World
  • Jubilee Programmes
  • Our Stories
  • Our Culture

Economic Planning

economic development planning in pakistan

Mawlana Hazar Imam has envisioned a commitment to community growth and knowledge sharing. In accordance, an event was organized as the Aga Khan Economic Planning Board, Ismaili Council for Hunza and Gilgit collaborated to host entrepreneurs from the Ismaili Council for Ishkoman Puniyal. This unique initiative, designed to foster a deeper understanding of border trade opportunities, came to life against the picturesque backdrop of the Sost Dry Port.

economic development planning in pakistan

“Last year, I received only four boxes of honey bees, which allowed me to produce and sell honey worth Rs. 40,000. This income helped me clear my debts and manage daily expenses,” shared Shabi Noor Khan, a resident of Gulaghmuli Valley in Gilgit-Baltistan's Ghizer District and a beneficiary of Socio-Economic Development Programme (SEDP).

economic development planning in pakistan

The Jamat is aware that The Council for Pakistan has been issuing periodic economic advisories after assessing the prevailing economic situation of the country. While taking the recent developments into consideration, it is clear that the country is passing through a difficult phase where it is facing low foreign reserves, weakened Pakistani Rupee, low economic growth, high monthly inflation rates, and very high interest rates for bank borrowings.

economic development planning in pakistan

It's that time of year again - the start of the agricultural season! As the warm, Spring sun begins to shine down on the fields, farmers all across Gilgit Baltistan and Chitral are gearing up for another season of planting, growing and harvesting. Small-scale farming is a critical source of livelihood for rural communities. Due to limited access to information, resources and technology, many farmers struggle to improve their farming practices and achieve sustainable yields. In recent years, the Aga Khan Economic Planning Board for Pakistan has recognized this challenge and taken a proactive approach to support small-scale farmers to improve their agricultural practices and increase their farming income.

economic development planning in pakistan

While reopening of businesses following a drop in Covid-19 cases is encouraging, Pakistan’s economic recovery remains slow due to internal and external factors. The following challenges are likely to persist in the near-term:

economic development planning in pakistan

World-renowned for the succulent cherries of Pakistan, this delicious fruit from Hunza almost missed its yearly market debut. Cherry-picking in Hunza was not the same during the COVID-19 pandemic. Oftentimes, traders would book cherry trees and ensure the picking, packaging and transportation of this delicious fruit to market, compensating tree ‘owners’ accordingly. The shutdowns and lockdowns, due to COVID-19, left the cherry growers in a state of dismay, with no intermediaries to link them to market. The Aga Khan Economic Planning Board (AKEPB) stepped in to initiate a programme to impart proper techniques of cherry-picking, packaging and linking the growers directly to the market. By filling the market linkage gap, AKEPB saved the cherry growers’ annual income and the wastage of the fruit.

economic development planning in pakistan

SEDP 02 - Sharifullah

Sharifullah, a resident of Immit, in Ishkoman Valley, Gilgit-Baltistan believes prosperity lies in saving for future generations. While working as a farmer, Sharifullah barely earned enough to feed his family. “Even if I can save 10 or 20 rupees a day, I will save it. I want my children and their children to have a bright future,” says Sharifullah.

It is important that senior citizens take the necessary steps to ensure they have a good quality of life financially, even after retirement.

The percentage of elderly people in Pakistan is expected to double to 12 percent by 2050, increasing the number of senior citizens to 40 million. This demographic transition impacts citizens of all ages. Therefore, it is important that senior citizens take the necessary steps to ensure they have a good quality of life financially, even after retirement. 

economic development planning in pakistan

The Aga Khan Economic Planning Board for Pakistan, in collaboration with Accelerate Prosperity Pakistan (APP), an initiative of the Aga Khan Development Network, held an entrepreneurship development seminar for the Southern, Gilgit-Baltistan and Chitral regions at the Karachi School of Business and Leadership (KSBL) auditorium. 

economic development planning in pakistan

Finding the right job is a challenge for job seekers. To assist people in Pakistan in this important endeavour, the Aga Khan Economic Planning Board for Pakistan (AKEPBP) has initiated an online portal called Mansab.

economic development planning in pakistan

The Aga Khan Education Board for Pakistan in collaboration with The Aga Khan Economic Planning Board for Pakistan recently held the “Ra'id Leadership Conference”, a Diamond Jubilee Initiative of the National Council for Pakistan. The conference brought together outstanding young members of the Jamat, providing them with exceptional resources to develop their leadership skills while providing an opportunity for this next generation of leaders to forge connections with their peers from around the country.

Mountaineer-siblings Samina and Mirza Ali Baig present a memento to Princess Zahra and Prince Rahim at an institutional dinner hosted by the Ismaili Council for Pakistan. Rahil Imtiaz Ali

Islamabad, 27 May 2016  — As their working visit to Pakistan drew to a close, Princess Zahra and Prince Rahim expressed optimism and a sense of opportunity about the tasks that lay ahead of AKDN in improving quality of life for the people of the country. The two were guests of honour at a Jamati institutional dinner on Wednesday before they departed Pakistan yesterday.

Show secondary sidebar menu: 

Home

  • His Highness the Aga Khan
  • Imamat Timeline
  • What's New
  • Imamat News
  • Institutional News
  • Community News
  • Photo Galleries
  • Films and Videos

Ismaili Centres

  • Ismaili Centre Home
  • Ismaili Center Houston
  • Ismaili Centre Dubai
  • Ismaili Centre Dushanbe
  • Ismaili Centre Lisbon
  • Ismaili Centre London
  • Ismaili Centre Toronto
  • Ismaili Centre Vancouver

Institutions and Programmes

  • Conciliation and Arbitration Board
  • Global Encounters
  • Time and Knowledge Nazrana
  • Aga Khan Development Network
  • Institute of Ismaili Studies
  • Aga Khan Museum
  • Global Centre for Pluralism
  • Aga Khan University
  • University of Central Asia
  • Aga Khan Hospitals
  • Aga Khan Academies
  • Aga Khan Schools
  • Aga Khan Program for Islamic Architecture
  • PRIVACY POLICY
  • Terms & Conditions

©2024 Islamic Publications Limited. This is the official website of the Ismaili Muslim Community

  • nawaiwaqt group
  • Roznama Nawaiwaqt
  • Waqt News TV
  • Sunday Magazine
  • Family Magazine
  • Nidai Millat
  • Mahnama Phool
  • Today's Paper
  • Newspaper Picks
  • Top Stories
  • Lifestyle & Entertainment
  • International
  • Editor's Picks
  • News In Pictures
  • Write for Us

play_store

Industrial sector emerges as cornerstone of Pakistan's economic recovery journey

Industrial sector emerges as cornerstone of Pakistan's economic recovery journey

Pakistan's industrial sector is now emerging as a key component of the country's economic recovery efforts, which is a significant development. Though it continues to face obstacles, new data shows an industrial landscape that is durable and revived, providing optimism for long-term economic growth.

The Large-Scale Manufacturing (LSM) cycle frequently reflects the cyclical fluctuations in the major trading partners of the nation. Nevertheless, it is more erratic than the cyclical GDP component of Pakistan's main export markets due to its concentration on certain industries rather than the overall GDP. Despite this volatility, recent data suggests that things are headed in the right direction on the global and domestic fronts.

On the domestic front, the industrial sector is rising above enduring obstacles and showing indications of revival. In November 2023, the LSM increased by 3.63% month-on-month and by 1.59% on an annual basis. These numbers highlight the industry's adaptability and receptivity to calculated actions.

Senior management course officers visit WASA head office

To address this issue, the government is putting extensive policies into place in every area. The aim is to establish a favourable economic atmosphere that draws investments and promotes long-term, steady economic expansion. In addition to meeting the urgent demands for recovery, this strategic strategy is well-positioned to create the foundation for sustained resilience and success in a range of industries.

Talking to WealthPK, Madiha Faisal, a director at the Ministry of Industries and Production (MOI&P), said: "Recent developments in Pakistan's industrial sector demonstrate a praiseworthy attempt to overcome obstacles and seize chances for economic revival. Concentrating on focused initiatives, particularly in SMEs, is a calculated step that is in line with international best practices." 

"But it's crucial to make sure that these actions are carried out in a way that benefits every industry. In addition to short-term recovery, sustainable growth necessitates a long-term strategy that promotes innovation, technology adoption, and capacity-building. A strong and resilient industrial environment can be paved over by strategic initiatives, as indicated by the cyclical patterns in the LSM data," said Madiha. 

UVAS 20th annual sports day to be held on 28th

She continued that the potential level reached by the cyclical LSM pattern for November highlights the revival of domestic industrial sector operations even more. "Nonetheless, the primary obstacle at hand is to enhance both the prospective output and the cyclical condition. This calls for encouraging investments that result in the economy's and the industrial sector's capacity extension."

Muzaffar Mehmood, Director of Marketing at MOI&P, said that globally, the state of economies in Pakistan's principal export markets was beginning to improve. "In these markets, the Composite Leading Indicator (CLI) has not only grown positively but also attained its potential. This suggests a positive external environment, which is essential for bolstering Pakistan's industrial performance and raising the possibility of higher demand for its products in international markets."

Mehmood said: "To effectively tackle the issue of boosting potential output, it is imperative to both secure and allocate capital strategically. It needs a sophisticated strategy to strike a balance between long-term capacity expansion and immediate recuperation. To improve the sector's overall competitiveness, the government should incorporate provisions for talent development, technical improvements, and sustainable practices in its comprehensive policies. The industrial landscape of Pakistan is at a critical point in time, and a well-executed plan will not only promote growth immediately but also position the country favourably in the international economic arena," he noted.

Hawkins, Maryam stress modern technology to boost agriculture sector

Pak to furnish electricity tariff details, cross subsidy reduction ...

Pak to furnish electricity tariff details, cross subsidy reduction plan for next fy to imf, psx continues with bullish trend, gains 1,094 points, imports of soyabean, palm oil decreased by 49.95pc, 34.14pc, huge jump in gst to lift cars prices to over rs4 million: paaram, motorbikes, three-wheelers sale decreases 12pc during jul-jan, chinese yuan strengthens to 7.10 against dollar, sc dismisses plea against elections, use of human, mineral resources will stabilise pakistan: pm, imran calls election process mother of all rigging, imran, bushra’s indictment in £190m reference deferred, rigging charges: senators call for legal action against cec, ihc issues warrants of islamabad dc over defiance, uk lawmakers pass motion calling for 'immediate humanitarian cease-fire' in gaza after historic disorder in hc, rawalpindi gets a new commissioner, cm naqvi calls for enhancing economic ties with kuwait, kiku - an old wine in a new bottle, aamer khattak appointed commissioner rawalpindi, a traumatized nation, the youth bulge, research for peace and development, national aviation policy 2023, smart manufacturing in pakistan.

https://www.nation.com.pk/epaper_image/medium/2024-02-22/Lahore/epaper_img_1708573580.jpg

Children of the gold- decriminalizing the ...

Children of the gold- decriminalizing the convicted rich, ali amin gandapur: a perilous gamble for pti ..., ali amin gandapur: a perilous gamble for pti in kpk, karachi: now and then, baarah numbur, muslim ummah must gather against zionist ..., muslim ummah must gather against zionist plan of eretz ..., pmln-ppp alliance, pleading for anarchy, on online silence, cyber enemy, peace gridlock, no ceasefire yet, inflation in hub chowki, a so-called library, social media, patriotic resurgence, epaper - nawaiwaqt.

ePaper - Nawaiwaqt

Newsletter Subscription

Advertisement.

Footer Logo

NIPCO House, 4 - Shaharah e Fatima Jinnah,

Lahore, Pakistan

Tel: +92 42 36367580    |     Fax : +92 42 36367005

  • Advertise With Us
  • Privacy Policy

Nawaiwaqt Group | Copyright © 2024

Publishrr Logo

  • Counties Studies Index
  • Pakistan Index
  • Pakistan History
  • Pakistan Geography
  • Pakistan Society
  • Pakistan Climate
  • Pakistan Economy
  • Pakistan Government
  • Pakistan National Security
  • Country Ranks
  • Country Maps
  • Country Flags
  • DEFINITIONS

Open menu

Planning and Zoning Workshops for Local Officials Announced

 The "Introduction to Planning and Zoning for Local Officials" workshop is now open for registration across various Iowa locations. Offered by Iowa State University Extension and Outreach, the workshop is tailored for local officials engaged in city and county governance, planning, zoning, and community development. It focuses on delivering foundational knowledge in land use planning and development management, vital for effective local governance.

Scheduled Workshop Dates and Locations Across Iowa:

  • April 2nd – Fairfield Arts and Convention Center, Fairfield
  • April 4th –  O’Reilly Center, Creston
  • April 11th – Carroll County Extension Office, Carroll
  • April 16th – Best Western Holiday Lodge, Clear Lake
  • April 18th – Holiday Inn Council Bluffs, Council Bluffs
  • April 22nd – DoubleTree Hilton Cedar Rapids Convention Complex, Cedar Rapids
  • April 25th – Hotel Winneshiek, Decorah
  • April 30th - Hilton Garden Inn Des Moines/Urbandale, Johnston

Luke Seaberg, a seasoned field specialist and the workshop's lead instructor, highlights its interactive and case-based learning approach. “We use timely examples from local communities, focusing on scenarios you are most likely to encounter here in Iowa,” Seaberg notes.

The curriculum is crafted to cover crucial issues such as comprehensive planning, variances, special uses, nonconforming uses, spot zoning, hearing procedures, and ethical dilemmas. “It's about providing local decision-makers with the tools and knowledge they need to make well-informed decisions about land use in their communities,” Seaberg adds.

Priced at $65 per participant for a three-hour session, the workshop is an accessible and valuable investment for enhancing governance skills. It includes a group discount for communities sending three or more participants, a light dinner, and a spiral-bound resource packet.

“We are excited to work with local officials from across Iowa and to help them sharpen their skills and increase their knowledge of planning and zoning, an integral element in fostering and sustaining community and economic development,” remarks Seaberg.

In addition to the scheduled workshops, the Community and Economic Development unit of ISU Extension and Outreach provides place-based planning and zoning training for cities, counties, and townships throughout Iowa as needed and as schedules allow.

For more details and registration, please visit  http://www.extension.iastate.edu/communities/events .  For more information and accommodation requests, contact Luke Seaburg at  [email protected] .

Photo credit: FrancescoScatena/stock.adobe.com

U.S. flag

An official website of the United States government

Here’s how you know

Official websites use .gov A .gov website belongs to an official government organization in the United States.

Secure .gov websites use HTTPS A lock ( Lock A locked padlock ) or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.

U.S. Department of Commerce Invests $1.2 Million to Support Tribal Disaster Planning in Southwest Washington State

  • Share this page

WASHINGTON – Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.2 million grant to the Shoalwater Bay Indian Tribe, Tokeland, Washington, to prepare local infrastructure for natural disasters.

This grant will support the development of a Master Community Relocation Plan to move Tribal facilities away from potential natural disaster conditions and ensure the Tribe’s economic stability.

“President Biden’s Investing In America agenda is about providing all communities with the opportunities and resources they need to thrive in today’s economy, including tribal communities in Washington state and across the nation,” said Secretary of Commerce Gina Raimondo . “This EDA investment will help ensure the Shoalwater Bay Indian Tribe has the resources they need to make tribal facilities more resilient to natural disasters and improve their economic security.

“The Economic Development Administration plays an important role in supporting locally developed strategies to help communities mitigate the impacts of natural disasters,” said Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo . “EDA is pleased to help prepare the Shoalwater Bay Indian Tribe for continued economic growth following natural disasters.”

“The Shoalwater Bay Indian Tribe is on the frontlines of some of the most serious effects of climate change. These federal dollars will play an important role in making sure the Tribe’s local infrastructure is resilient in the face of natural disasters as their relocation efforts continue—which is critical to community preparedness and economic growth,” said Senator Patty Murray . “I was proud to secure a nearly $25 million RAISE Grant for the Shoalwater Bay Tribe’s upland relocation project over the summer—this EDA grant supports those efforts and shows yet again President Biden’s steadfast commitment to supporting Tribal communities.”

“Located on the coast of the Pacific Ocean, sea-level rise is causing the Shoalwater Bay Tribe’s low-lying land to disappear. This investment in the Tribe’s Master Relocation Plan brings the Shoalwater Bay community one-step closer to moving their vital community facilities out of harm’s way and up to higher ground,” said Senator Maria Cantwell .

“As the Shoalwater Bay Tribe faces devastating erosion and flooding caused by sea level rise, it’s essential they have the support necessary to relocate vital community infrastructure,” said Representative Marie Gluesenkamp Perez (WA-03) . “I visited the Tribe this past summer to discuss their ongoing climate resiliency efforts, and this federal funding is another important step in the right direction toward protecting folks’ livelihoods and economic stability.”

This project is funded by the Disaster Relief Supplemental Appropriations Act, 2023, which provided EDA with $483 million in additional Economic Adjustment Assistance (EAA) Program funds for disaster relief and recovery for areas that received a major disaster declaration under the Robert T. Stafford Act as a result of Hurricanes Ian and Fiona, wildfires, flooding, and other natural disasters occurring in calendar years 2021 and 2022. Please visit EDA’s Disaster Supplemental webpage for more information.

About the U.S. Economic Development Administration ( www.eda.gov ) The mission of the U.S. Economic Development Administration (EDA) is to lead the federal economic development agenda by promoting competitiveness and preparing the nation’s regions for growth and success in the worldwide economy. An agency within the U.S. Department of Commerce, EDA invests in communities and supports regional collaboration in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth.

  • Disaster Recovery
  • EDA Program List
  • Find Open Funding
  • Resources & Tools
  • Accessibility
  • Commerce.gov
  • EDA Archives
  • Information Quality
  • Operating Policies
  • Privacy Policy

Chicago Tribune

Mayor Brandon Johnson pushes plan to borrow $1.25 billion for housing, development and climate goals

T o stave off a “significant shrinkage” in the city’s available pool of money, Mayor Brandon Johnson’s administration Wednesday rolled out a new $1.25 billion borrowing plan to help fund a slate of progressive housing and economic development initiatives, funded in part by winding down reliance on special taxing districts, or TIFs.

Johnson’s plan would require City Council approval, but, if passed, would provide $250 million per year for projects helmed by the city’s housing and planning departments every year through 2028, Johnson said.

The city would pay off $2.4 billion in accumulated debt through 2061 by using property tax revenues that would become available thanks to expiring tax increment financing districts. The proposal was first pitched in a memo last summer from two outgoing city department commissioners appointed by Mayor Lori Lightfoot.

By law, TIF districts have a 23-year life span. They capture any increase in property taxes resulting from fresh development and lock that new money away in a special fund that can be spent by the city on economic development projects within that district’s geographic boundaries. Chicago’s TIFs generated nearly $1.3 billion in 2022, according to The Civic Federation, a business-backed watchdog group.

Johnson’s plans for soon-to-be expired districts would shift city spending priorities away from TIFs’ historic use — infrastructure work to support private development like roads, bridges, sidewalks and site remediation — toward investment in housing and direct support for businesses. Johnson framed the proposal as a delivery on his promise to invest equitably across the city.

“One of the reasons I ran for mayor is because too many of our neighborhoods — including my own — bear the scars of disinvestment and neglect. Too many communities on the South and West sides in particular have not benefited from the prosperity of our tremendous city,” he told reporters Wednesday.

Aside from authorization to borrow the money, many of the programs Johnson proposes to fund are brand-new and likely also would require City Council approval.

The success of the program would also require some haggling with aldermen about which expiring TIFs to let go and which to potentially extend. It may be a difficult choice for some: TIF funds can be a valuable resource to bankroll voter-friendly infrastructure work or improvements to Chicago Public Schools and Park District buildings and facilities.

When Johnson introduced the proposal at the City Council on Wednesday, the measure was immediately sent to the Rules Committee, a parliamentary maneuver that adds an extra hurdle to it being voted on by the full council. Johnson dismissed the move, telling reporters, “Well, democracy allowed for that to happen. It just means we’ll have to take one more vote for it.”

Of the city’s 121 designated TIFs, 43 are expected to expire over the next three years. Among them are wealthier districts such as the Central West TIF just west of the Loop, the River West TIF that covers parts of West Town and along the Chicago River and the Chicago/Kingsbury TIF. Each of those three districts generated $34 million in property tax increment in 2022.

When TIFs expire, that increment of cash is freed up so that taxing bodies such as the city, CPS, the Park District and Cook County can begin collecting property taxes on it.

Johnson’s plan calls for leveraging Chicago’s share of that newly freed-up value to borrow $1.25 billion and pay for existing, new and modified programs at the city’s housing and planning departments:

  • $360-$390 million to build and preserve affordable rental homes, decarbonize multiunit apartment buildings and pay for a revolving loan for green social housing.
  • $210-$240 million to help people buy or repair homes, rebuild and preserve existing homes, and retrofit and decarbonize single-family homes.
  • $20-$30 million to preserve single-room occupancy units, or SROs, as shelter for those experiencing homelessness, and to create new permanent supportive housing for those experiencing homelessness.
  • $400-$500 million on community development grants.
  • $82.5-$115 million for small and emerging business loans and grants.
  • $57.7-$90 million on workforce training grants and “infill” development on government-owned vacant lots.

The shift would require the city to raise its property tax levy to capture that new value, which city officials said will not raise tax bills for individuals.

“Instead, as TIF districts expire and there is a related increase to the overall tax base, there will be a correlated increase to the amount of property taxes received by the City,” the city said in its public report on the proposal.

Local taxing bodies regularly raise their levies to capture new development from expiring TIFs. If they didn’t raise their levies to capture that new value, their property tax rates would drop.

In all, the city expects it will capture $150 million in new annual revenue over the next 10 years and $290 million over the next 15 years, which it can use to pay down other debts or fund other programs.

The borrowing would be issued as general obligation bonds, or sales tax securitization bonds issued through Chicago’s not-for-profit Sales Tax Securitization Corporation. City officials have yet to determine how much would be borrowed via either vehicle. STSC bonds typically fetch more favorable interest rates. The city’s report assumes annual debt service — the cost to pay back the borrowing — would rise gradually starting in 2027 and level out at $81 million a year, tapering down by 2061.

The city hopes $1.25 billion in programming will further bolster the city’s property tax base by stabilizing housing options and securing commercial development.

There’s a bonus for other districts too, city officials said: Rather than that money being trapped in a TIF for Chicago’s use alone, letting those districts expire also allows CPS, the Park District and Cook County to capture new revenues. At the time of expiration, any funds left over in that TIF’s account will be distributed back to taxing bodies, too, providing a one-time infusion of funds.

The new borrowing plans are necessary, Johnson’s administration said, as COVID-19 pandemic relief dwindles and existing funding pools fall short of city needs. Payments into the city’s Neighborhood Opportunity Fund and as part of the Affordable Requirements Ordinance are inconsistent and depend on new development. Borrowing Lightfoot undertook leveraging federal pandemic relief was slated to run out in 2023.

Johnson’s bond initiative won praise from some developers, who said that after the double whammy of COVID-19 and high interest rates, the city could use another major development program that bolsters existing efforts such as LaSalle Street Reimagined, an initiative started under Lightfoot to remake aging downtown office space into apartments, and Invest South/West, a Lightfoot endeavor to spark economic activity in outlying neighborhoods.

“They’re all tools in the toolkit that a smart administration will employ,” said Quintin Primo, executive chairman of Capri Investment Group and part of a venture that bought the James R. Thompson Center and plans to remake it into a new downtown home for Google. Raising funds through a bond program is “not necessarily unique or novel, but it’s very, very effective. And even more importantly, it’s timely. It’s extremely timely.”

©2024 Chicago Tribune. Visit chicagotribune.com. Distributed by Tribune Content Agency, LLC.

Mayor Brandon Johnson leaves a news conference after a City Council meeting on, Feb. 21, 2024, at Chicago City Hall.

IMAGES

  1. Govt produces ten-point economic strategy for boosting growth

    economic development planning in pakistan

  2. Planning Process for Economic Development in Pakistan

    economic development planning in pakistan

  3. Planning Process for Economic Development in Pakistan

    economic development planning in pakistan

  4. Planning Process for Economic Development in Pakistan

    economic development planning in pakistan

  5. Framework for Economic Growth, Pakistan

    economic development planning in pakistan

  6. Planning Process for Economic Development in Pakistan

    economic development planning in pakistan

VIDEO

  1. Economic Development & Planning Committee October 3, 2023

  2. Economic Default in Pakistan? Solutions in tough situation & Economic Crisis I PIDE Debate #Economy

  3. Education system Crises and Inflation rate in Pakistan 2023

  4. Economics of Pakistan Lec 3 STRATEGY/ REQUISITES FOR ECONOMIC PLANNING Urdu/ Hindi

  5. Planning & Economic Development Committee Meeting 01/17/24

  6. April 2, 2024 Economic Development, Planning Education, Employment, Arts and Agriculture

COMMENTS

  1. Pakistan Overview: Development news, research, data

    Pakistan's economy is estimated to have contracted in FY23, after two consecutive years of stellar growth. Overall, real gross domestic product (GDP) is estimated to have declined by 0.6 percent in FY23 after growing by 6.1 percent in FY22 and 5.8 percent in FY21.

  2. PDF Pakistan Development Update

    The World Bank Pakistan Development Update (PDU) provides an update on the Pakistani economy, its economic outlook, the development challenges the country faces, and the structural reforms that should be considered. This edition of the PDU was prepared by Macroeconomics, Public Sector, Trade, and Investment Global Practice ...

  3. Pakistan: Country Partnership Strategy (2021-2025)

    ADB's assistance over the next 5 years prioritizes support for three interlinked pillars: (i) improving economic management to restore stability and growth, (ii) building resilience through human capital development and social protection to enhance productivity and people's well-being, and (iii) boosting competitiveness and private sector develo...

  4. PDF One Nation

    A renewed commitment to the founding vision is needed, both to address the current challenges and set out realistic and ambitious targets for the future—including ensuring that Pakistan succeeds in achieving the proposed Sustainable Development Goals (SDGs) of zero poverty and hunger, universal access to health services, education, m...

  5. PDF The Role of Planning and Development in the Economy of Pakistan

    1|P a g e The Institute of Strategic Studies Islamabad (ISSI) organized a Roundtable on March 11, 2020 titled, "The Role of Planning and Development in the Economy of Pakistan". Honourable Mr. Asad Umar, Minister for Planning, Development and Special Initiatives, was the Chief Guest at the occasion.

  6. PDF Second/First/Annual session of (year)

    Development, and leaving no one behind by adopting the UNDP-supported Goals frameworks as part of its national development planning, 'Vision 2025'. 3. The development trajectory of Pakistan is incremental, experiencing a decline inthe incidence of 'cost of b asic needs' poverty from 24.3 per cent (2015-2016) to 21.9 per cent (2018-2019).

  7. Ministry of Planning,Development & Special Initiatives

    The Central Development Working Party (CDWP) was convened on Tuesday, February 6, 2024, under the chairmanship of Deputy Chairman Planning Commission, Dr. Muhammad Jahanzeb Khan. The CDWP discussed vital projects related to the energy, transport and communication, and water resource sectors. The forum recommended the revised PC-1 titled ...

  8. Pakistan: Economy

    The current and projected economic growth in Pakistan, compared with other developing countries in South Asia. ... country planning documents; WORK WITH US Careers, business opportunities ... and equity investments to promote social and economic development. Headquarters. 6 ADB Avenue, Mandaluyong City 1550, Metro Manila, Philippines +63 2 8632 ...

  9. National Development Plan in Pakistan

    The Planning Commission launched the first long-range development plan, Vision 2030: Pakistan in the 21st Century, in August 2007, following an extensive stakeholder consultation process. This expresses the aspiration of the people for a 'developed, industrialised, just and prosperous Pakistan through rapid and sustainable development in a ...

  10. Five-Year Plans of Pakistan

    v t e The Five-Year Plans for the National Economy of Pakistan ( Urdu: اقتصادی منصوبہ جاتِ پنج سالہ ، پاکستان) (otherwise publicly known as Five-Year Economic Plans for the National Economy ), were the series of nationwide centralised economic plans and targets as part of the economic development initiatives, in the Pakistan. [1]

  11. Development Strategy for Pakistan

    Economic planning is of such recent origin in Pakistan that, up to now, it has necessarily been ad hoc in character. The problems of the present and immediate future have always appeared so pressing to the planners that, aside from hopeful compound-interest projections to the next generation and occasional evasive…

  12. Politics of Development in Pakistan: From the Post-Independence

    This article critically analyses Pakistan's development project since its independence in 1947 up till Vision 2025 of 2014. ... Ministry of Planning Development & Reform, Pakistan (2017). China Pakistan Economic Corridor (CPEC). ... Khan A. A., & Sargana T.-U.-H. (2017). CPEC and sustainable economic growth for Pakistan. Pakistan Vision, 18(2 ...

  13. PDF A brief history of Pakistan's economic development

    The 1950s was the first decade of planning.12 After launching the Colombo Plan in 1951, Pakistan instituted a series of Five-Year Plans during the period 1955-1998 and a Ten-Year Perspective Plan alongside a rolling Three-Year Development Plan.13 Pakistan continued its

  14. Ministry of Economic Affairs, Economic Affairs Division

    Ministry of Economic Affairs, Economic Affairs Division. 0092-51-9219445 | [email protected]; 123-456-789; Mon-Fri 9:00am to 5:00pm ... Pakistan Development Forum. Pakistan Development Forum 2010; Pakistan Development Forum 2006; Pak Italian Debt Swap Agreement (PIDSA)

  15. PDF MANUAL FOR DEVELOPMENT PROJECTS

    MANUAL FOR DEVELOPMENT PROJECTS (Revised 2019) IDENTIFICATION, PREPARATION, APPRAISAL, APPROVAL, IMPLEMENTATION, MONITORING AND EVALUATION MINISTRY OF PLANNING, DEVELOPMENT AND REFORM GOVERNMENT OF PAKISTAN ISLAMABAD vi i Table of Contents Abbreviations and Acronyms Drafting Committee Forward Chapter-1 1-7

  16. Economic Planning

    Video Topics Aga Khan Economic Planning Board Economic Development Aga Khan Fund for Economic Development Economic Planning Transforming Lives - A Tale of Sweet Success 17 September 2023 "Last year, I received only four boxes of honey bees, which allowed me to produce and sell honey worth Rs. 40,000.

  17. Industrial sector emerges as cornerstone of Pakistan's economic

    INP. 9:44 AM | February 16, 2024. Business. Pakistan's industrial sector is now emerging as a key component of the country's economic recovery efforts, which is a significant development. Though it continues to face obstacles, new data shows an industrial landscape that is durable and revived, providing optimism for long-term economic growth.

  18. Planning Process for Economic Development in Pakistan

    1. Planning Process for Economic Growth in Pakistan Dr. Vaqar Ahmed Sustainable Development Policy Center 1 2. Objectives of Economic Planning 1. To increase per capita and national income 2. Higher level of employment 3. Price stability 4. Reduction of inequalities in income distribution 5. To remove BOP difficulties 6.

  19. CPEC

    CPEC Projects Long Term Plan Progress Update Events Media News and Updates: Meeting to review the status of various projects under the CPEC framework, following the successful 3rd Belt and Road Forum 2023 held in Beijing. News and Updates: Rebuttal to News Story about CPEC on September, 25, 2023

  20. Pakistan Development Planning

    Pakistan's economic development planning began in 1948. By 1950 a six-year plan had been drafted to guide government investment in developing the infrastructure. But the initial effort was unsystematic, partly because of inadequate staffing. More formal planning--incorporating overall targets, assessing resource availability, and assigning ...

  21. Modi's Audacious Plan for India

    The leader harnesses nationalism and faith to spur modernization and economic growth. By. Walter Russell Mead. Feb. 19, 2024 6:00 pm ET. The Kashi Vishwanath Corridor along the Ganges River in ...

  22. Planning and Zoning Workshops for Local Officials Announced

    The "Introduction to Planning and Zoning for Local Officials" workshop is now open for registration across various Iowa locations. Offered by Iowa State University Extension and Outreach, the workshop is tailored for local officials engaged in city and county governance, planning, zoning, and community development.

  23. U.S. Department of Commerce Invests $1.2 Million to Support Tribal

    WASHINGTON - Today, U.S. Secretary of Commerce Gina Raimondo announced the Department's Economic Development Administration (EDA) is awarding a $1.2 million grant to the Shoalwater Bay Indian Tribe, Tokeland, Washington, to prepare local infrastructure for natural disasters.

  24. Seguin looks to cash in on economic 'gold mine' along SH 130

    The City of Seguin wants to be proactive in its effort to tap into new economic opportunities tied to State Highway 130. Since 2019, traffic along State Highway 130 stretching from east of Seguin ...

  25. Governor Mills Announces Nearly $6.5 Million in Maine Jobs & Recovery

    Governor Janet Mills today announced nearly $6.5 million in grant awards through her Maine Jobs & Recovery Plan to support upgrades to the electrical grid for Maine businesses, allowing them to invest in new infrastructure, expand operations and facilities, and grow their workforce. The program, an initiative of the Department of Economic and Community Development (DECD), the Governor's Energy ...

  26. Mayor Brandon Johnson pushes plan to borrow $1.25 billion for ...

    Johnson's plan would require City Council approval, but, if passed, would provide $250 million per year for projects helmed by the city's housing and planning departments every year through ...