Islamabad: In an effort to boost economic growth and transform Pakistan into a $1 trillion economy by 2035, the Federal Minister for Planning, Development and Special Initiatives, Prof. Ahsan Iqbal, has directed all relevant ministries to prepare business plans to achieve a $60 billion export target over the next five years. This directive was issued during a high-level meeting under the “Uraan Pakistan” program.

Prof. Iqbal emphasized the need for a new approach to export-led growth, describing it as a “100-meter sprint” that requires Pakistan to outpace global competitors. He called for the formation of dedicated working groups within each ministry to develop cluster-wise business plans, set measurable export targets, and provide comprehensive execution frameworks.

Key to achieving these goals, according to Prof. Iqbal, is the importance of data-driven planning and value chain development. The Planning Ministry has been tasked with conducting a detailed data analytics exercise to align domestic strengths with global market demands. “Made in Pakistan” should become synonymous with quality and sustainability, the Minister stated.

To facilitate this initiative, eight strategic clusters have been identified as pillars for future export growth, including agriculture, industry, services, IT, mining, manpower exports, the blue economy, and creative industries. Each cluster will be overseen by a respective ministry responsible for preparing detailed business plans.

Prof. Iqbal also highlighted the necessity of adhering to international quality standards and certifications for preferential trade regimes. He urged the Ministry of Commerce to break down the $60 billion target across sectors and engage with provincial and private stakeholders for coordinated efforts.

Describing the export challenge as an economic emergency, Prof. Iqbal called for a national effort akin to the dedication shown by Pakistan’s Air Forces. He concluded by advocating for the 80/20 principle, focusing on projects with the highest potential impact, and announced that fortnightly reviews will be conducted to ensure accountability and progress under the Uraan Pakistan framework.