This Economic Transformation Agenda synthesizes the Uraan Pakistan initiative with the Home-Grown Economic Plan, emphasizing fiscal sustainability and necessary macroeconomic reforms.

The government is focused on significantly increasing private investment and exports while stabilizing public finances to foster sustainable economic growth.

The plan also aims to implement structural reforms that will stimulate growth, enhance private investment, and boost exports, all while ensuring economic stability.

Projected economic growth is set at 6% per year by fiscal year 2028, with the goal of avoiding a balance of payments crisis once the IMF program concludes.

Public finance management under this agenda will focus on increasing tax collection to 13.5% of GDP, broadening the taxpayer base, and reforming state-owned enterprises.

The comprehensive Economic Transformation Agenda report, consisting of 150 pages, was developed by a committee led by Finance Minister Muhammad Aurangzeb, which was established in May 2024.

Key priorities outlined in the agenda include reducing bureaucratic red tape, implementing market-based reforms in the energy sector, and encouraging both foreign and domestic investments.

The Economic Transformation Agenda is designed to align with the objectives of the three-year IMF Extended Fund Facility program, with a staff-level agreement reached in July 2024.

As part of this strategy, Pakistan anticipates an increase in export earnings by US$20 billion annually by fiscal year 2028, aiming for a total of US$60 billion in exports and raising the export share in GDP from 10% to approximately 15%.

To promote exports, the economic strategy includes reducing import tariffs by up to a third over the next three years, aligning Pakistan's trade policies with those of its Asian competitors.

A key target of the agenda is to create 1 million additional jobs annually by fiscal year 2028, contributing to a total of 10 million jobs over five years as outlined in the 13th Five Year Plan approved by the National Economic Council.

The government of Pakistan has recently uploaded the Prime Minister’s Economic Transformation Agenda and Implementation Plan on the PMO website, following the launch of the Uraan Pakistan program.