Islamabad: The Pakistani government has announced an ambitious target to boost the country's gross domestic product (GDP) growth rate to 5.7 percent over the next three years as part of a newly introduced macroeconomic framework, as revealed by the Ministry of Finance.

According to Namibia Press Agency, the three-year Macroeconomic and Fiscal Framework aims to accelerate economic growth while focusing on expanding exports and remittances. The plan outlines an increase in the national economy's size to 162,513 billion rupees, approximately 585 billion U.S. dollars.

The framework anticipates significant enhancements in exports, remittances, and tax revenue. Pakistan's exports are projected to grow from 44.83 billion dollars to 55 billion dollars during this period, comprising 42.69 billion dollars in goods and 12.24 billion dollars in services, particularly in information technology.

Remittances from overseas Pakistanis are forecasted to reach a record 44.82 billion dollars, serving as a crucial source of external financing and bolstering the country's economic stability. Officials indicated that the plan highlights the government's commitment to achieving sustainable growth through improved trade performance, enhanced productivity, and stronger fiscal management.