Prime Minister Shehbaz Sharif on Tuesday reaffirmed the government’s commitment to transform Pakistan under its five-year National Economic Transformation Plan 2025, saying that economic stability is a means not an end.
“Despite huge challenges, placing our economy on a firm footing has been a central plank of what we have achieved in Pakistan in the last year,” the premier said while addressing the World Governments Summit 2025 in Dubai.
He pointed out that headline inflation has dropped to 2.4% in January this year — the lowest in nine years while the interest rate was capped at 12%, a major stimulus for private sector credit.
“Pakistan stands at a defining moment of economic transformation…Our five Es under National Economic Transformation Plan, Uraan Pakistan, is driving this change focusing on exports, e-Pakistan, environment and climate change, energy and infrastructure and equity and empowerment,” he said.
The premier noted that energy security and sustainability were not just an economic necessity but also a national priority. “Pakistan is committed to achieving a 60% clean energy mix by 2030 and transitioning 30% of all vehicles to electric mobility,” he said.
“We are rapidly scaling up solar, wind, hydropower and nuclear energy. Our southern regions hold 50,000 MW of untapped wind energy potential. Our northern hydropower projects will add 13,000 MW of clean energy capacity.
“Solar energy adoption is being accelerated through policy reforms, tax exemptions, investment, incentives, net-metering and waiving custom duties on solar panels and other equipment,” he added.
