Financial Risk Manager

Ways of Financial and Risk Management

Nine Point Plant - Shaukat Tarin
Wednesday, February 3, 2010

Cognizant of the limitations of the growth strategy followed in the past, which has invariably produced boom-bust cycles, and has invariably been followed at various intervals by a balance of payments crisis, the present government is embarking on a fundamental change of the development paradigm.

The new growth strategy is embodied in the government's "Nine-Point" plan, which seeks to foster sustainable and more equitable growth by means of structural improvements in the productive sectors of Pakistan's economy. The nine areas that have been identified for serious and sustained policy intervention include:

1) Macroeconomic stabilisation

2) Social Protection

3) Agriculture

4) Energy

5) Improving industrial competitiveness

6) Infrastructure development through innovative use of Public-Private Partnership (PPP) models

7) Increasing the depth of Capital Markets

8) Human Capital

9) Administrative and Governance reform

While we have embarked on our journey of fundamental reform in the economy in extremely challenging circumstances - with the largest deployment of our armed forces in active combat within Pakistan's borders since 2008; the largest populations of internally displaced people (IDPs) in the world; and the severest economic conditions of the global economy since the Great Depression of the 1930s - we have already met some initial successes.

Labels: Nine Point Plan, Pakistan Economy, Shaukat Tarin