Ministry of Planning and Development Launches 5Es Framework to Turnaround Pakistan
The Ministry of Planning and Development is proud to announce the launch of the 5Es Framework, a comprehensive strategy aimed at putting Pakistan on a sustained growth trajectory. The minister for Planning Ahsan Iqbal while talking to the media maintained that following the successful Turnaround Pakistan Conference held in June 2022 and subsequent consultations with public and private stakeholders, this framework comprises a range of initiatives designed to drive economic development and address critical challenges faced by the nation. Shedding light on each of the Es, the minister stated that the 5Es Framework is centered around five key pillars:
Talking about the first E which aims at increasing EXPORTS the minister said that recognizing the importance of export growth, this E in particular focuses on initiatives that will tackle the chronic boom-and-bust cycles and stabilize the economy. Emphasis will be placed on promoting exports, fostering enterprise development, and generating employment opportunities.
He said that the second E is about E-PAKISTAN which will ultimately help Pakistan “Building a Knowledge Economy” with a mission to harness the immense potential of IT and Telecom exports, this pillar aims to lay the foundation for a robust knowledge-based economy in Pakistan. Accelerating the digitization ecosystem and expanding the IT sector are key objectives to foster socio-economic growth.
He said that the third E was about ENVIRONMENT & CLIMATE CHANGE and primarily focused on Water & Food Security. He stated that acknowledging Pakistan’s vulnerability to climate change, this E prioritizes institutional, legal, and policy objectives for mitigating its impact. Addressing water and food security challenges is a key focus area, ensuring the sustainability and resilience of the nation.
The minister explained the forty E related to ENERGY & INFRASTRUCTURE and maintained that the government wanted secure, sustainable & affordable energy for all including the industry and other development sectors. He said that the Government of Pakistan was committed to diversifying the energy mix by investing in renewable energy sources such as wind, solar, and hydro power. The minister further maintained that this E also emphasizes energy efficiency and conservation measures to reduce consumption, cut costs, and promote environmental sustainability.
Talking about the 5th E which was about EQUITY & EMPOWERMENT, the minister said that its primary focus was to “Leave No One Behind”. He said that fostering inclusive economic growth was the essence of this E. He said that the fifth E related to Equity and Empowerment recommends a strategic blend of universal policies, affirmative actions, and targeted interventions to ensure accessible and high-quality health, education, and social protection services for all citizens. He said that the special emphasis through this E was to empower youth, women, persons with disabilities, and the least-developed regions of the country.
Ahsan Iqbal said that the Ministry of Planning and Development, in close collaboration with Federal Ministries, Provincial Governments, and other relevant stakeholders, will work to implement the 5Es Framework. He expressed that policies will be formulated, projects developed, and initiatives launched in line with this comprehensive strategy. He further emphasized that the Ministry will also undertake periodic monitoring to ensure effective implementation and progress tracking. The minister stressed that the launch of 5Es marks a significant milestone in Pakistan’s journey towards sustainable economic growth and development. The 5Es Framework sets the stage for transformative change, addressing key challenges and capitalizing on opportunities for the betterment of the nation and its citizens.
Editor: Raja Kamran