Framework for Economic Growth, Pakistan - Planning Commission
Framework for Economic Growth, Pakistan - Planning Commission
Framework for Economic Growth, Pakistan - Planning Commission
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International conference on “<strong>Framework</strong> <strong>for</strong> <strong>Economic</strong> <strong>Growth</strong>, <strong>Pakistan</strong>”Introduction<strong>Planning</strong> <strong>Commission</strong> was charged withdeveloping growth strategy and managingthe Public Sector Development Program.The National <strong>Economic</strong> Council (NEC)headed by the Prime Minister has approvedthe <strong>Framework</strong> <strong>for</strong> <strong>Economic</strong> <strong>Growth</strong> (FEG)- a strategy that seeks accelerated andsustained growth and development based oneconomic re<strong>for</strong>ms and an emphasis onproductivity.Following the NEC approval of the NGS,the <strong>Planning</strong> <strong>Commission</strong>, in collaborationwith UNDP hosted an internationalconference on “<strong>Framework</strong> <strong>for</strong> <strong>Economic</strong><strong>Growth</strong>, <strong>Pakistan</strong>” on 13-14 July, 2011 inIslamabad. The Conference brought togetheraround 500 delegates includingparliamentarians, international and nationalexperts, federal and provincial policymakers, economists, development sectorleaders, academia, business community andofficials from UN agencies from across<strong>Pakistan</strong>. “<strong>Framework</strong> <strong>for</strong> <strong>Economic</strong><strong>Growth</strong>, <strong>Pakistan</strong>” is a new approach toaccelerating economic growth andsustaining it. It has been developed withworld renowned experts and all thestakeholders following extensive researchand consultation.The conference was inaugurated by Dr.Nadeem Ul Haque, Deputy Chairman<strong>Planning</strong> <strong>Commission</strong> and AssistantSecretary General of the UN, AjayChhibber. The FEG <strong>for</strong>mulated at <strong>Planning</strong><strong>Commission</strong> through widespread local andinternational consultation focuses onbuilding strong local ownership <strong>for</strong> a qualitydevelopment strategy that is in<strong>for</strong>med by thebest knowledge and analysis available.The consultations clearly identified the needto develop a coherent approach to growththat goes well beyond projects and targets inpublic service delivery, productivity,competitive markets, innovation andentrepreneurship. The strategy is based onsustained re<strong>for</strong>ms that build efficient andknowledgeable governance structures; andmarkets in desirable, attractive and wellconnected locations. It recognizes the severeresource constraint that the country facesand there<strong>for</strong>e focuses on ‘productivity’ -improving the efficiency with which assetsare used. Global indicators such as‘competitiveness’ and ‘cost of doingbusiness’ also highlight factors such as‘management’, ‘innovation’, ‘quality ofregulation and governance’ and ‘researchand development’ as the more immediate11
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