The Medium Term Development Framework

The Medium Term Development Framework (referred to as MTDF from hither on) of 2005-2010 had the vision of making Pakistan a developed, industrialized, just and prosperous peasant by rapid and sustainable development by ensuring an parsimony use of resources with special focus on the enrichment and nurturing of human capital. This was to be achieved through a series of objectives including poverty exclusivelyeviation, achievement of the millenary Development Goals (MDGs), establishment of an efficient, balanced, competitive and technology driven economy, development of a democratic society, minimization of wastages and ensuring an equitable development of on the whole regions of the commonwealth. The MTDF did not restrict itself to the frugal well being of the pastoral but placed cost emphasis on the hearty development of its people. It rightly recognized that the value system of a society is the ultimate determinant of development and that all economic and development plans hinge on a perfectly go and integrated social structure. It moulds the economic and political measures to suit the culture, traditions and interior(a) character of the society which then determine the policy formulations in areas such as education, labour, trade, science and technology, taxation and financial management.

These policies in turn enable the right prioritization of objectives and the optimum allocation of resources equal with the distinct needs and requirements of the Pakistani society. The MTDF aims at attaining its developmental goals by virtue of its Pakistan Incorporated plan (Exhibit 1) t hat strives to focus mainly on three of the ! elements of growth: infrastructure, human resource development and technology. and so the plan breaks ground from traditional growth models in the reasonableness that it concentrates more on enhancing the competitiveness of the economy through knowledge and innovation inputs rather than the conventional approach of doing so and through higher investment. As...If you want to get a secure essay, commit it on our website: BestEssayCheap.com

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