NEC approves SDGs framework, provisional targets
Published : 11 April 2018
The National Economic Council (NEC) Wednesday approved Sustainable Development Goals (SDGs) national framework and provisional sustainable development goals and targets. A meeting of the NEC presided over by Prime Minister Shahid Khaqan Abbasi advised the provincial governments, federal ministries and organizations concerned to align their policies and plans and allocate required resources in line with national framework. The NEC also directed provincial governments to set up institutional mechanism at district level for achieving Sustainable Development Goals.
The meeting also approved enhancement of sanctioning powers of development for Azad Jammu & Kashmir, Gilgit-Baltistan and Federally Administered Tribal Areas (FATA). Accordingly, sanctioning limit for Development Working Party (DWP) of the three regions has been increased to Rs 400 million, while the development committees (DC) would be authorized to sanction the development expenditure up to Rs 1 billion.
The meeting after a detailed briefing on implementation of 11th Five-Year Plan approved socioeconomic objectives of the 12th Five-Year Plan (2018-2023) and allowed the Planning Commission to prepare draft plan in consultation with the provincial governments and other stakeholders.
The meeting was given a briefing on socioeconomic objectives for 12th Five Year Plan along with provincial priorities which would be aligned with national level objectives. The NEC also reviewed Public Sector Development Program (PSDP) 2017-18 and Sustainable Development Goals (SDGs) National Framework.
Earlier, the NEC was briefed on achievements made during the 11th Five Year Plan (2013-2018) in various sectors of the economy. The meeting was informed that 7,653MW have been added in the system till December 2017 while the total installed capacity of 20,000 MW was available in 2012-13. Additional 3,163MW will be added by June 2018 while indigenous oil production increased to the level of 100,698 bbls per day against 76,000 bbls per day in 2012-13.
The NEC was also informed that during the 11th Plan, average annual growth increased to 5.3 percent in 2016-17, higher in the decade, from 3 percent in 2012-13, while industrial growth increased from 2.7 percent to 5.8 percent in 2015-16. Growth rate of the manufacturing sector rose from 1.6 percent to 5 percent and the large-scale manufacturing grew from 0.6 percent to 4.7 percent. The inflation decelerated to 5.2 percent during the period under review from average of 12 percent. The meeting was informed that early harvest projects of CPEC project were on track with 42 projects being implemented through PSDP 2017-18.
The NEC was further told that Rs 1,415 billion were invested in the energy sector during 2013-18 as compared to Rs 706 billion in 2008-13. The investment in road sector rose from Rs 218 billion to Rs 850 billion, Higher Education Commission (HEC) to Rs 118 billion compared to Rs 86 billion during 2008-13.
The meeting was informed that the total national development outlay was increased from Rs 1.042 trillion to Rs 2.247 trillion. Federal PSDP allocation increased from Rs 425 billion to over Rs 1 trillion and public investment to GDP ratio increased from 3.5 percent to 4.3 percent. The NEC was told that early harvest projects of China-Pakistan Economic Corridor (CPEC) are on track and 42 are implemented through Public Sector Development Program (PSDP) 2017-18.