The Eighth Five-Year Plans for National Economy of Pakistan (or simply regarded as Eighth Five-Year Plans) was a set of a

centralized Centralisation or centralization (see spelling differences) is the process by which the activities of an organisation, particularly those regarding planning and decision-making, framing strategy and policies become concentrated within a particu ...

and planned economic goals and targets designed to strengthen the economic development and performance of Pakistan between 1993 and 1998. The plan was drafted and presented by then people-elected

Prime minister A prime minister, premier or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. Under those systems, a prime minister is not ...

Benazir Bhutto Benazir Bhutto ( ur, بینظیر بُھٹو; sd, بينظير ڀُٽو; Urdu ; 21 June 1953 – 27 December 2007) was a Pakistani politician who served as the 11th and 13th prime minister of Pakistan from 1988 to 1990 and again from 1993 t ...

at the first session of

parliament In modern politics, and history, a parliament is a legislative body of government. Generally, a modern parliament has three functions: Representation (politics), representing the Election#Suffrage, electorate, making laws, and overseeing ...

, as part of social capitalist policies for the improvement of economics development in Pakistan. After the termination of the seventh five-year plans on 30 June 1993, an annual plan was commenced and also integrated with the eighth plan and was finally launched by Benazir Bhutto on 31 May 1994. The framework of the plans and planning was started by Benazir Bhutto after successfully terminating the seventh plan, promulgated in 1988. At an

Economic Coordination Committee The Economic Coordination Committee ( reporting name:ECC), ( ur, ) is a principle federal institution and a consultative forum used by the people-elected Prime Minister of Pakistan as its chairman, for concerning matters of state's economic secu ...

(ECC) meeting chaired by Benazir Bhutto, the five-year plan was prepared with the consultation of

provisional governments A provisional government, also called an interim government, an emergency government, or a transitional government, is an emergency governmental authority set up to manage a political transition generally in the cases of a newly formed state or f ...

and federal bureaus of the government, comprising 28 technical committees that consisted of 2,500 technocrats from joint

public In public relations and communication science, publics are groups of individual people, and the public (a.k.a. the general public) is the totality of such groupings. This is a different concept to the sociological concept of the ''Öffentlichkei ...

and

private sector The private sector is the part of the economy, sometimes referred to as the citizen sector, which is owned by private groups, usually as a means of establishment for profit or non profit, rather than being owned by the government. Employment The ...

. The plan reflected the initiatives and policy formation of the government in a view to geared up to a dynamic and equitable economic system. The plan underscored a public-private partnership and gave priority to the empowerment and development of social and power sector, drainage and physical civil infrastructure. The plan did not fulfill all of the objectives of the planned targets, and in 1998, the plan was successfully terminated in a favor of continuing privatization programme of the upcoming people-elected prime minister,

Nawaz Sharif Mian Muhammad Nawaz Sharif (Urdu, Punjabi language, Punjabi: ; born 25 December 1949) is a Pakistani businessman and politician who has served as the Prime Minister of Pakistan for three non-consecutive terms. He is the longest-serving prime ...

Government sources

{{Economy of Pakistan F F Economic planning in Pakistan

See also

Government sources