The National Economic Council (NEC) is set to meet today (Monday) to review and approve the overall development plan and a GDP growth target of 3.6% for the next fiscal year.
Key Development Outlays
- Federal Development Outlay: Rs 1,221 billion
- Provincial Development Plans: Rs 1.463 trillion
- Punjab: Rs 700 billion
- Sindh: Rs 763.7 billion
Meeting Details
Prime Minister Shehbaz Sharif will preside over the meeting, which will include provincial Chief Ministers and NEC members. The agenda includes reviewing the annual plan for the outgoing fiscal year (2023-24) and approving the development plan for fiscal year 2024-25.
Considerations and Approvals
- 13th 5-Year Plan (2024-29)
- Public Investment Review for FY 2023-24
- Approval of Public Investment for FY 2024-25
- Progress Reports:
- Executive Committee of National Economic Council (ECNEC)
- Central Development Working Party
Proposed Growth Targets
- Overall Growth: 3.6%
- Agriculture Sector: 2%
- Industrial Sector: 4.4%
- Services Sector: 4.1%
Federal Public Sector Development Programme (PSDP) Breakdown
- Infrastructure Projects: Rs 877 billion
- Energy Sector: Rs 378 billion
- Transport and Communication: Rs 173 billion
- Water: Rs 284 billion
- Physical Planning and Housing: Rs 42 billion
- Social Sector: Rs 83 billion
- Health: Rs 17 billion
- Education (including HEC): Rs 32 billion
- Other: Rs 34 billion
- Special Areas (AJ&K and GB): Rs 51 billion
- Merged Districts: Rs 57 billion
- Science and IT: Rs 104 billion
- Governance: Rs 29 billion
- Production Sectors: Rs 21 billion
- Food and Agriculture: Rs 14 billion
- Industries: Rs 7 billion
Provincial Development Plans
- Punjab: Rs 700 billion
- Local Component: Rs 577.4 billion
- Foreign Aid Component: Rs 122.6 billion
- Sindh: Rs 763.7 billion
- Local Component: Rs 430 billion
- Foreign Aid Component: Rs 333.7 billion
The NEC meeting will finalize these proposals, setting a comprehensive development and growth framework for the next fiscal year.
