Eight Five Year Plans (1993-98)
- In late 1992, was submitted the report by industrialists, presidents of chambers of commerce & Senior Civil Servants
- However, in early 1994 had not been announced due to successive changing of govt 1993 & was forced on short term issues. Instead, economic policy for FY 1994 was being guided by an annual plan.
- From june 2004, the planning commission gave a new name to the five year plan with (MTDF) Medium Term Development Framework. 32 working groups then produced the MTDF (2005-2010)
(MTDF) Medium Term Development Framework
- is a policy measures programme, drafted by MoF, economic coordination committee & the planning commission of pak. Formulated to strengthen the national economy & infrastructure.
- In 2005, was drafted & launched by PM Shaukat Aziz
- -“to turn the country into major industrialized nation” to increase human development & achieve MDGs”.
- Emphasized macroeconomic connected development of science, IT, human resources, education, taxation & financial development
- The programme traced back to 2001, when economic coordination committee working under Aziz and it began to research the development of 10 year programme & adopted the concept of 3 year rolling plans. Hence, the recommendations were prepared taking in consideration of the sanction imposed on pak in 1988, until the economy began to recover in 2001.
- Thus, finally, on 1st June, 2014, the programme became part of official policy on 5th March, 2005.
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