Islamabad: In a high-level meeting chaired by the Federal Minister for Planning, Development and Special Initiatives, Prof. Ahsan Iqbal, Pakistan’s government has initiated a significant push towards achieving a $60 billion export target over the next five years. This initiative is part of the “Uraan Pakistan” program, which aims to transform Pakistan into a $1 trillion economy by 2035.

Prof. Iqbal directed all relevant ministries to form dedicated working groups and develop cluster-specific business plans as part of the first bimonthly review of the export-led growth strategy. The meeting marked the launch of the “E”-Exports component of the five Es framework that guides the government’s economic roadmap.

The Minister emphasized the need to treat the $60 billion export target as a mission-critical national priority, urging a departure from conventional methods. He highlighted the necessity of adopting a “sprint” approach to compete in global markets.

Data-driven planning and value chain development were also highlighted as crucial elements. Prof. Iqbal instructed senior officials to undertake a comprehensive data analytics exercise to align domestic capacities with global demand, stressing the wastage of resources without precise data.

A focus on creating a complete export ecosystem was underscored, covering regulatory compliance, branding, and integration with global supply chains. The Minister stated that “Made in Pakistan” should represent quality, productivity, and sustainability.

The Planning Ministry has identified eight strategic clusters as key to future export growth. These include agriculture, industry, IT, and creative industries, among others. Each cluster has been assigned to respective ministries to devise detailed business plans.

The emphasis was also placed on meeting international environmental and quality standards, crucial for preferential trade regimes. Prof. Iqbal called for a national effort, stressing the need for the Ministry of Commerce to coordinate policy measures and engage provincial and private stakeholders.

The Minister concluded by advocating for a focus on high-impact projects and highlighted that fortnightly reviews would ensure strict implementation and accountability.