The Medium Term Development Framework ( ur, ) (denoted as MTDF), is a policy measure programme of the

Government of Pakistan The Government of Pakistan ( ur, , translit=hakúmat-e pákistán) abbreviated as GoP, is a federal government established by the Constitution of Pakistan as a constituted governing authority of the Administrative units of Pakistan, four provin ...

drafted by the

Ministry of Finance A ministry of finance is a part of the government in most countries that is responsible for matters related to the finance. Lists of current ministries of finance Named "Ministry" * Ministry of Finance (Afghanistan) * Ministry of Finance and Eco ...

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 ...

and the Planning Commission of Pakistan, formulated to strengthen the national economy and civil infrastructure. Drafted and launched by former

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 ...

Shaukat Aziz Shaukat Aziz ( ur, ; born 6 March 1949) is a Pakistani former banker and financier who served as 17th prime minister of Pakistan from 28 August 2004 to 15 November 2007, as well as the finance minister of Pakistan from 6 November 1999 to 15 ...

in 2005, the programme was envisioned to turn the country into a major industrialized nation, to increase the speed of human development and to sustain a new economic system which aimed to reduce poverty and achieve

Millennium Development Goals The Millennium Development Goals (MDGs) were eight international development goals for the year 2015 that had been established following the Millennium Summit of the United Nations in 2000, following the adoption of the United Nations Millenniu ...

(MDGs). The programme replaced the existing, centralized economic system of Pakistan, known as Five-Year Plans which had been in effect since 1955. The programme emphasized principles of

macroeconomics Macroeconomics (from the Greek prefix ''makro-'' meaning "large" + ''economics'') is a branch of economics dealing with performance, structure, behavior, and decision-making of an economy as a whole. For example, using interest rates, taxes, and ...

connected with the development of scientific technology and human resources, while guiding the formulation of policies in areas such as education, labor, trade, science and technology, taxation and financial management. The first set of plans were approved by Shaukat Aziz in 2005-10 and incorporated a shift towards the competitiveness through higher private-sector investment and to improve

total factor productivity In economics, total-factor productivity (TFP), also called multi-factor productivity, is usually measured as the ratio of aggregate output (e.g., GDP) to aggregate inputs. Under some simplifying assumptions about the production technology, growt ...

. The programme can be traced back to early 2001, when the economic coordination committee working under Aziz began to research the development of a ten-year programme and adopted the concept of three-year rolling plans. The recommendations were prepared in the background of various economic sanctions imposed on Pakistan in 1998, until the economy began to recover in 2001. Finally, on June 1, 2004, the programme became part of official policy on March 5, 2005.

Notes

{{Economy of Pakistan topics Economic history of Pakistan Economic planning in Pakistan Government of Shaukat Aziz