Welcome

Welcome to official website of PRES

Vision 2025 to focus on integrated energy model

The Minister for Planning and Development Prof. Ahsan Iqbal has said that an integrated energy model will be the first pillar of Vision 2025.

He stated this while addressing a workshop on ‘Vision 2025’ being formulated by the Nawaz government. Unlike the past when sub-sectors of water, electricity and gas were seperate at the planning stage, the vision for these areas would be formulated on an integrated basis, he said.

The next pillar is stabilisation of the economy on a sustainable basis and the plan will focus on tapping indigenous resources while moving away from reliance on exogenous resources like foreign aid and remittances. “The future of the country is in TIE – tax, investment and exports,” he added.

He associated future economic development with private sector-led growth, saying public investment alone could not boost growth due to increasing needs of investment in mega projects. This will be the third guiding theme.

The government will also encourage commodity-based production sectors to shift to value addition for making big fortunes instead of solely depending on exports of raw products. In the plan, the fourth pillar will be the promotion of commodity-based sectors. The government will introduce separate policies for industrial and agriculture sectors. The focus will be on identifying clusters and facilitating export products.

Modernisation of infrastructure will be the fifth pillar aimed at getting maximum benefits from the country’s geographical position.

Iqbal said the China trade corridor initiative would be part of this approach. Reforming the institutions and introducing e-governance will be another theme under which reforms will be introduced in the public sector.

The last pillar of the Vision 2025 will be building the social sector. Iqbal said so far the emphasis has been “on building hard wares by compromising the soft side of development”.

The government would make policies to promote education, increase health facilities, reduce poverty and harness the potential of youth for making a progressive Pakistan, he added.

“My fear is that the planning commission does not have professional capacity to deliver such plans and visions,” said Pervez Tahir. He said there was also a question mark on the commission itself to what extent it has the authority to do work after the 18th amendment in the constitution.

Tahir said long-term visions and plans are okay but the country is facing immediate threats of terrorism and the energy crisis.

Dr Ashfaq H Khan, eminent economist and principal of economic department in NUST, said the implementation is the real issue to realise the benefits of the proposed vision. Otherwise, it would become a document only. He said that the ministries and the concerned division should be taken on board while making the Vision 2025 as the implementation would be materialised by them.

He also said provinces also need to be taken on board as they have become the real players in country’s economy after the 18th amendment and several subjects have been devolved to the provinces.

Under the environment of decentralisation, the implementation of the 2025 vision will be an uphill task. The capacity of planning commission has eroded manifold over the years and with huge decay of manpower in the planning commission it seems a mission impossible to work out the vision and its implementation in letter and spirit.

He said Pakistan has already had the documents of Vision 2030 and Framework for Economic Growth, but the implementation is the challenge.

Ahsan Iqbal responded by admitting the fact that the capacity of the planning commission is questionable and to improve its efficiency he said his ministry has issued the advertisements seeking for the selection of the eight members in a transparent manner under merit-based mechanism.

He hoped they (ads) would be equipped with innovative ideas to put the country back on road to prosperity. Eminent businessman of the country Razaq Dawood said the government should not increase its reliance on foreign direct investment. Rather, it should look at other way around by allowing corporations to invest abroad and. “This would help put the economy on sound footing.”

Comments are closed.