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 (American English) is the process by which the activities of an organisation, particularly those regarding planning, decision-making, and framing strategies and policies, become concentrated within a particular ...

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 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. A prime minister is not the head of state, but r ...

Benazir Bhutto Benazir Bhutto (21 June 1953 – 27 December 2007) was a Pakistani politician who served as the 11th prime minister of Pakistan from 1988 to 1990, and again from 1993 to 1996. She was also the first woman elected to head a democratic governmen ...

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), () 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 security, ...

(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, a transitional government or provisional leadership, is a temporary government formed to manage a period of transition, often following state collapse, revoluti ...

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 sociology, sociological concept of the ''Öf ...

and

private sector The private sector is the part of the economy 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 private sector employs most of the workfo ...

. 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 (born 25 December 1949) is a Pakistani politician and businessman who served as the 12th Prime Minister of Pakistan, prime minister of Pakistan for three non-consecutive terms, first serving from 1990 to 1993, then ...

Government sources

{{Economy of Pakistan F F Economic planning in Pakistan Five-Year Plans of Pakistan

See also

Government sources