ISLAMABAD – Minister for Planning Development, and Reform Makhdum KhusroBakhtyar has said that the 12th Five Year Plan envisaged an average growthof GDP at 5.4 percent and the expected outlay of the Plan would be Rs11.750 trillion including Rs 1 trillion involving innovative financingthrough public-private partnership.He said the plan extensively covered growth, macro stability, expandagriculture production, galvanize agro-business potential, industry andexport competitiveness, human resource development, integrated energyplanning, infrastructure development, social safety nets, povertyreduction, achieving SDGs and administrative reforms along-with focus onless developed areas, climate change and environment.The Minister was chairing a briefing to Economic Advisory Council on draft12th Five Year Plan here on Friday.Advisor to PM on Commerce & Industry Abdul Razzak Dawood, members EconomicAdvisory Council, Secretary Planning Zafar Hasan, Secretary BISP Ali RazaBhutta, Chief Economist Ejaz Wasti, Members Planning Commission and seniorofficials of all sections of the ministry were present during the briefing.Makhdum Khusro said that it has been decided to conduct quarterly reviewsof the plan at the Ministry and bi-annual reviews will be made by the PrimeMinister for its effective implementation in achieving all the set targets.He stated that priority will be given to projects related to infrastructuredevelopment, transport, housing, communication, energy and water sector.The Minister said that development strategy also entails boosting thecountry’s exports as well as envisages a mechanism to monitor the progressof ongoing projects.He added that the Plan aims at improving productivity of all sectors of theeconomy. He said that the Government was committed to ensure timelycompletion of all ongoing projects without any cost escalation.
Makhdum Khusro appreciated the macroeconomic framework prepared by thePlanning Commission.Secretary Planning Zafar Hasan said that Plan document has been preparedthrough extensive consultative process involving dialogue withstakeholders, formal consultation with the members of different workinggroups formulated for different sectors.So far, more than thirty sessions have been held with stakeholders forpreparing the draft of the next Plan. He apprised that after taking theinputs and suggestions from the members of the Economic Advisory Council,the Plan will be placed before National Economic Council for considerationand approval.
