Answer to Question #236386 in Economics for KAT

Question

Critically evaluate the Pakistan’s latest five-year plan? 

Answer 1

Pakistan's Eighth Five-Year National Economy Plans (or simply viewed as the Eighth Five-Year Plan) was a set of centralized and planned economic goals and objectives aimed at enhancing economic development and productivity. Pakistan between 1993 and 1998

The plan was drawn up and presented by the popularly elected Prime Minister Benazir Bhutto at the first session of parliament as part of a social capitalist policy aimed at improving economic development in Pakistan. Following the completion of the seventh five-year plan on June 30, 1993, the annual plan was launched and also integrated with the eighth plan and finally launched by Benazir Bhutto on May 31, 1994. The Planning and Planning Framework was initiated by Benazir Bhutto following the successful completion of the seventh plan, unveiled in 1988. At a meeting of the Economic Coordinating Committee (ECC) chaired by Benazir Bhutto, the five-year plan was prepared in consultation with interim governments and federal government bureaus, consisting of 28 technical committees composed of 2,500 technocrats from the combined public and private sector. The plan reflected the initiatives and policies of forming a government to adapt to a dynamic and equitable economic system.

The plan emphasizes public-private partnerships and prioritizes the empowerment and development of the social and energy sectors, drainage and physical civil infrastructure. The plan did not meet all of its targets, and in 1998 the plan was successfully terminated in favor of continuing the privatization program of the future popularly elected Prime Minister Nawaz Sharif.