The five-year plan is aimed at developing a people-centric growth strategy and addressing fundamental and structural imbalances in Punjab. With average annual gross domestic product (GDP) growth of 4.9% over the last five years, Punjab has 54.2% share in the national economy. It also requires average growth of 14% per annum in agricultural credit over a period of five years. The provincial government aims to achieve annual growth of 7% by 2023 through these strategies. The Punjab Growth Strategy is based on the assumption that Punjab’s share in National Finance Commission (NFC) transfers will at least remain unchanged.

Source: The Express Tribune March 12, 2019 03:45 UTC