ISLAMABAD
\nThe Ministry of Planning, Development & Special Initiatives (MoPDSI) and the Planning Commission of Pakistan (PCP) to ensure the economic stability in the country have constituted a high-level \u2018Policy Board\u2019, under the visionary leadership of Prof Ahsan Iqbal.
\nFormation of the Policy Board was aimed at enhancing transparency and to improve the economic planning process of the country with the active participation of private sector and corporate leaders.
\nLed by Prof Ahsan Iqbal, the Policy Board comprises a diverse group of esteemed members from various sectors, including former federal ministers, industry leaders, academic experts and international professionals.
\nThe board members including Shahid Ashraf Tarar, Ex-Caretaker Federal Minister; Musadaq Zulqarnain, Chairman of Interloop Limited; Dr Rana Iqrar, Vice Chancellor of the University of Agriculture, Faisalabad and Naveed Sherwani, an IT expert from the USA.
\nThe board has been tasked with several critical responsibilities like providing advisory on policy formulation and strategy development, offering guidance on policies and strategies aimed at promoting mid and long-term economic growth.
\nAdditionally, it would offer insights on national and international economic issues, reviewing macroeconomic trends and providing economic outlooks to inform policy decisions.
\nThe board would also evaluate national plans and economic reports to offer recommendations, assess socio-economic trends to support evidence-based policy advice, and advice on policies to enhance national innovation and competitiveness.
\nFurthermore, the board would integrate sustainable development goals into national economic strategies, facilitate dialogue with key stakeholders, and promote international cooperation. Besides, it would review the impact of major economic policies to evaluate their effectiveness.
\nChairing the first meeting of the Policy Board, Ahsan Iqbal emphasized the importance of this initiative in stabilizing Pakistan\u2019s economy.
\nHe highlighted that the participation of the private sector would significantly improve the Planning Commission\u2019s performance.
\nThe board members will play a crucial role in developing strategic frameworks and preparing short, medium and long-term plans.
\nAhsan Iqbal noted that the Policy Board would ensure the implementation of the 5Es Framework, the 13th Five-Year Plan, and Vision 2030. These frameworks prioritize key sectors such as exports, digital development, environmental sustainability, energy and equity.
\nThe experiences and recommendations of the Policy Board members would also assist in formulating the national budget, making the process more transparent and reliable.
\nThe minister reiterated the government\u2019s commitment to transforming Pakistan into a trillion-dollar economy by 2035 through the effective implementation of the 5Es framework.
\nHe called upon private organizations, civil society and experts to collaborate in driving the nation toward stability and growth.
\nMembers of the Policy Board expressed their appreciation for the inclusion of experts from the private and corporate sectors. They pledged their full support to the government\u2019s initiatives, recognizing the significant impact this collaboration could have on Pakistan\u2019s economic development.
\nThe establishment of the Policy Board marks a major milestone in Pakistan\u2019s economic planning process.With the combined efforts of the government and private sector experts, Pakistan is poised to achieve sustainable development and economic stability.
\nThe Planning Ministry\u2019s initiative under Professor Ahsan Iqbal\u2019s leadership is a testament to the government\u2019s dedication to fostering a prosperous future for the nation.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD The Ministry of Planning, Development & Special Initiatives (MoPDSI) and the Planning Commission of Pakistan (PCP) to ensure the economic stability in the country have constituted a high-level \u2018Policy Board\u2019, under the visionary leadership of Prof Ahsan Iqbal. Formation of the Policy Board was aimed at enhancing transparency and to improve the economic planning […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-429921","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n