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Annual Plan 2011-12

Growth Strategy of the Annual Plan 2011-12 has been derived from the Pakistan: Economic Growth Framework recently formulated by the Planning Commission. The Framework envisions effective participation of the private sector in the development process. Government would gradually withdraw its role as a direct participant in the economy and be the facilitator and regulator. Free forces of market are to be allowed to determine effective allocation and utilization of resources.

Annual Plan 2010-11

Pakistan's economy has not only regained macroeconomic stability but has also shown clear signs of revival of economic growth during 2009-10. Despite electricity shortages, difficult security situation, much lower than expected foreign resource inflows, the economy grew by 4.1% against 1.2% achieved in the previous year 2008-09. Large scale manufacturing and exports have shown respectable growth while workers remittances and foreign exchange reserves improved substantively. Acceleration in inflation has also been checked.

 Annual Plan 2009-10

The strategic thrust of the Annual Plan 2009-10 has been derived from Nine Points Economic Agenda of the government. Major elements of the strategy are to 1) Ensure economic recovery consistent with stabilization 2) Maintain momentum of agriculture growth together with support policies for revival of industries 3) Address critical infrastructure gaps in water, power and transport for enhancing competitiveness 4) Achieve Millennium Development Goals and reduce poverty through a comprehensive social protection system with an exit strategy 5) Facilitate balanced development in the country by reducing regional disparities; and 6) Rehabilitation and reconstruction of conflict affected areas.
 Annual Plan 2008-09

GDP growth has been envisaged at 5.5% to be contributed by growth rates of agriculture (3.5%, manufacturing (6.1%) and services (6.1%). To attain the projected growth target, total required investment is projected at Rs 2638.8 billion, about 17% higher than last year's level. As a ratio to GDP, total investment is expected to stay around last year's level (21.5% of GDP). For financing the required investment, national savings as a ratio to GDP is projected to increase to 14.3% in 2008-09. The inflation rate (CPI) for next year has been projected at 11.0%. However, the inflation scenario would remain sensitive to international price movements.

 Annual Plan 2007-08

The economy of Pakistan has grown on an average of 7.5 percent over the last< four years 2003-07, whereas during the current year 2006-07 a growth rate of 7 percent has been achieved. The size of GDP increased three times from Rs 2,938 billion in 1998-99 to Rs 8,716 billion in 2006 -07, while per capita income increased more than two times from $ 438 to $ 926, investment by five times from Rs 409 billion to Rs 2,004 billion and national savings 4.6 times from Rs 344 billion to Rs 1,572 billion in the same period. On the basis of rapid and sustained growth achieved in the recent past, Pakistan has joined the fastest growing economies of the Asian region. Impressive growth of Pakistan’s economy is attributed to the continuity and consistency of policies initiated by the present regime within the overall framework of deregulation, privatization and liberalization.
 Annual Plan 2006-07

The major thrust of the Plan is to not only sustain high growth but further fast track the paradigm shift to knowledge economy. The Plan also reinforces the process of appropriate planning in the long-term perspective (Vision 2030) enunciated in MTDF 2005-10 document. While focussing on security for Food, Water & Energy and facilitating the investment climate, the Plan emphasizes the Government’s philosophy of “growth and development with dignity and equity”. The marked increase in the PSDP over the last 4-5 years with macro economic stability has resulted in significant reduction in poverty both in rural and urban areas. This trend is planned to be continued in the subsequent years.

 Annual Plan 2005-06

The economy of Pakistan has entered a stage of sustained revival after it had taken the turnaround a couple of years ago. This revival is duly reflected in higher than targeted growth rate in the real GDP, containment of budgetary deficit and significant improvement in the external sector especially in the merchandize exports and remittances and accumulation of foreign exchange reserves with coverage of about 11 months of imports. By implementing wide-ranging structural reforms during the last five years, the government of Pakistan has been able to achieve the mutually competing objectives of macroeconomic stability and stimulated economic growth. Due to effective macroeconomic management, bumper cotton and wheat crops and impressive performance of services and manufacturing sectors, the GDP growth rate has been estimated at 8.4 percent for the year 2004-05, the second highest since 1985.

   
 
 
A single year is too short a period to accomplish anything. A five year plan on the contrary has the advantage of reasonable time frame for manoeuvering and achievement of solid results.
 
A five year plan is a general statement of objectives and targets relating to the economy as a whole and its various component sectors. It is not an authorising document in the sense that it does not authorise expenditure to the relevant operating agencies. It provides a broad framework for formulation of the plan.
MTDF (2005-10)
The future of Pakistan is linked with its present and its past. The country has inherited a rich civilization and a centuries old history, marked by outstanding achievements reflected in cultural enrichment, intellectual maturity and spread of knowledge. The dawn of Islam in the geographical area now constituting Pakistan served as a catalyst for the people living here to develop their innate qualities of intelligence, diligence and competence. Given the natural endowment of a well-developed mind and habits of industry of the people, the present orientation towards enlightenment and technological advancement augurs well for the future of Pakistan in economic, social and cultural spheres.
 Eighth Five Year Plan 1993-98
The framework of the Eighth Five Year Plan was prepared in consultation with the federal agencies and the provincial governments. The findings and recommendations of 28 Technical Committees comprising over 2500 experts from pubic and private sectors setup in connection with the preparation of the Eighth Plan have been taken into consideration in formulating the plan. It reflects the initiatives and incorporates the policies of the government geared to a dynamic and equitable economic system 

 
 Seventh Five Year Plan 1988-93
The Seventh Plan has been prepared in the light of the experience gained from the implementation of the Sixth Plan and within the socioeconomic framework available now for the second Perspective Plan (1988-2003). The major thrust of the Seventh Plan is on the twin objectives of achieving efficient growth of output on the one hand and improving the quality of life on the other. This has to be achieved within an overall economic framework which encourages the private sector and maximizes employment generation. The quality of life during the Seventh Plan will be further improved by providing infrastructure in the rural areas, public services, like education and health to ail sections of the society, and employment opportunities and special provisions for the weakest groups of the population.

 
 Sixth Five Year Plan 1983-88
Pakistan's Sixth Five Year Plan has to be viewed in the perspective of a sustained development effort extending over a period of more than on-third of the century. There is an essential underlying continuity between various plans and non-plan periods, suggestive of a unified drive. Yet each plan is unique in its character, derived from a critical evaluation of the past, concern regarding neglected aspects of development and an identification of the possibilities opening up in the future.

 
 Fifth Five Year Plan 1978-83-Volume-I
The high rate of growth in agriculture, postulated for the Fifth Plan, is based on the assumption that a modification in strategy combined with a substantial increase in supply of services and inputs would generate a momentum sufficient to overcome the constraints which have inhibited the growth in recent years. The optimism for the future, reflected in the Plan, is based on a careful assessment of weaknesses in the past performance and concrete measures to remedy them.

 
 Fifth Five Year Plan 1977-83-Volume-2
Notwithstanding significant structural changes in the economy of Pakistan over the past two decades of planned development, agriculture still remains the largest sector of the economy in terms of output, employment, contribution to exports. Growth in this sector, therefore, would continue to play a crucial role in any plan of economic development.  Far reaching changes both of political and economic nature occurred during the period 1970-77.

 
 No Plan Period 1971-76
The country has gone through two decades of development. In the process its economy has altered significantly. The size of the national product has grown substantially, its structure has become more diversified and developed, and the practices and techniques of production have been modernized. For an economy deficient in crucial natural resources, the transformation has come a long way. It has meant sacrifices for large sections of the people.  

 
 Third Five Year Plan 1965-70
The strategy of the Third Plan flows from the lessons learnt from planned development during the past 15 years and the targets set for the next 20 years under the Perspective Plan. As discussed in Chapter 1, the past 15 years have witnessed a rapid rate of economic development and building up of infra-structure, but there are certain imbalances, especially in agriculture, education and social services, which have to be removed.

 
 Second Five Year Plan 1960-65
The economic and social objectives of Pakistan are long-range goals. These objectives were stated in the First Five-Year. Plan and are restated in the Second. The nation aspires to a standard of living for all its people as high as can be achieved with the resources available to it; equitable distribution of wealth; education of all in accordance with their talents ; victory over disease ; adequate facilities for transport and communications so that the nation may be effectively unified economically and socially ; and evolution of the national culture in literature, art and science. 

 
 First Five Year Plan 1955-60
The economic and social objectives of Government's policy are well known. They are to develop the resources of the country as rapidly as possible so as to promote the welfare of the people, provide adequate living standards, and social services, secure social justice and equality of opportunity and aim at the widest and most equitable distribution of income and property.

 
 
   
   
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