Economic Development

Our party’s economic vision for Pakistan combines strategic initiatives and targeted goals to propel the nation towards sustainable growth, job creation, and improved living standards.

Reversal of Nationalization Process

TJP envisions a Pakistan where the private and public sectors work together to power the country’s economic prosperity. To achieve this, we will embark a strategic program aimed at reversing the 1970s nationalization process. This program will use privatization and Public-Private Partnerships (PPPs) while promoting complete transparency throughout the process. To maximize the potential of state-owned enterprises (SOEs), we will select practical SOEs for privatization while maintaining a fair and competitive process. This will attract private investment, introduce new capital, and implement contemporary management practices, resulting in enhanced efficiency and revenue. We can unleash the enormous potential of Pakistan’s private sector by implementing privatization and PPPs strategically in infrastructure development and energy projects.. This will boost economic growth, draw in foreign investment, and revive SOEs at the same time. Unwavering transparency will also guarantee that this program helps all Pakistanis, establishing the groundwork for a more prosperous and sustainable future.

Ensure Ease of Doing Business

In order to promote an atmosphere that is favorable for business growth, TJP is committed to offering start-ups and small enterprises legal protections. We will make it easier to start and maintain a business and will do a thorough evaluation of existing regulations and permits. Unnecessary bureaucratic barriers will be removed, and application procedures will be simplified and streamlined. This will save businesses time and resources, allowing them to concentrate on growth and innovation. Access to finance is critical for business development. We will collaborate with financial institutions to improve access to loans and credit, particularly for small and medium-sized enterprises (SMEs) and will explore alternate financial possibilities, such as venture capital. TJP is committed to make economic empowerment and economic justice a reality for all.

TJP understands the critical role that a thriving private sector plays in generating economic growth. We are committed to fostering an atmosphere that encourages entrepreneurship and makes it easier for businesses of all sizes to succeed. We will implement fair competition rules and regulations, ensuring that all firms have an equal opportunity to compete and flourish. Building a strong support network for businesses is a top priority for TJP. We are going to set up business accelerators and incubators that offer resources, networking opportunities, and mentorship to entrepreneurs. In order to promote innovation and technical advancements in businesses, we will also encourage cooperation between industry, higher education, and research facilities.

Promotion of Export-Oriented Industries

Pakistan’s economy relies heavily on exports, particularly textiles, agriculture, and IT services. TJP will focus on promoting these sectors by providing targeted incentives, facilitating access to finance and technology, and investing in skill development and infrastructure. By boosting export-oriented industries, Pakistan can increase foreign exchange earnings and reduce trade deficits, enhancing its bargaining power in economic diplomacy.

  • Attracting Foreign Direct Investment (FDI): FDI plays a crucial role in economic development, bringing in capital, technology, and expertise. TJP will implement policies to attract FDI, including offering tax incentives, providing investment guarantees, and establishing special economic zones with favorable regulatory frameworks. TJP will also prioritize sectors with high growth potential, such as renewable energy, manufacturing, and information technology.
  • Trade Diplomacy: Diplomatic efforts will be directed towards expanding market access for Pakistani goods and services. TJP will actively negotiate trade agreements with key trading partners to reduce tariffs and non-tariff barriers, facilitate trade facilitation measures, and promote investment protection and intellectual property rights. Special emphasis will be placed on diversifying export markets to reduce dependence on a few countries.
  • Diaspora Engagement: Pakistan has a large diaspora community scattered around the world, which can serve as a valuable resource for economic diplomacy. TJP will strengthen ties with the Pakistani diaspora by providing incentives for investment and entrepreneurship, facilitating remittances, and leveraging their networks and expertise to promote trade and investment opportunities.
  • Regional Economic Integration: Pakistan’s strategic location offers opportunities for regional economic integration and cooperation. TJP will prioritize strengthening economic ties with neighboring countries through initiatives such as the China-Pakistan Economic Corridor (CPEC), the Economic Cooperation Organization (ECO), and the South Asian Association for Regional Cooperation (SAARC). By enhancing connectivity, trade, and investment flows within the region, Pakistan can unlock new economic opportunities and foster regional stability and prosperity.

Sustainable Industrial Growth

  • TJP will develop and implement policies to promote sustainable industrialization.
  • Invest in research and development to enhance productivity and global competitiveness.
  • Target is to achieve an annual industrial growth rate of at least 6% over the next five years.

Infrastructure Development

  • Launch a comprehensive infrastructure program, including economic corridors and energy projects. Strengthen collaboration with China to expedite CPEC projects, focusing on infrastructure, energy, and industrial zones.
  • Invest in smart cities and urban planning for efficient and interconnected communities.
  • Invest in diversified energy sources, including renewables, and upgrade existing power infrastructure. Implement energy efficiency programs and promote public-private partnerships in the energy sector.
  • Upgrade and expand road and rail networks, invest in modernizing ports and airports, and promote public transportation systems. Implement smart transportation solutions and prioritize connectivity with regional trade partners.

Technology and Innovation

  • TJP will establish technology parks and innovation hubs to foster research and development.
  • Promote a digital economy through investments in broadband infrastructure. TJP’s
  • Target is to increase the contribution of the technology sector to the GDP by 20% over the next five years. Launch a national entrepreneurship program to provide financial support and mentorship.
  • Simplify regulatory processes for small businesses to encourage growth.

In Pakistan’s economic success, TJP supports the idea of an all-around approach to economic growth. Our approach is based on three pillars: inclusion, innovation, and sustainability. The examples TJP knows from both at home and abroad show how these pillars work in practice. TJP promise to start policies that will lead to long-term economic growth and make sure that its benefits reach everyone in the country till the ground level.

Inclusive Growth and Job Creation: TJP economic policy’s main goal is to create jobs through economic growth so that everyone in Pakistan can have good jobs. TJP will work to make an environment where businesses can grow and attract investments from a range of fields, such as technology, industry, and green energy. By making rules and regulations easier to understand and by giving startups and small businesses benefits, TJP hopes to encourage new ideas and business growth, create millions of jobs, and make growth more inclusive.

Investing in Infrastructure for Development: To put it simply, infrastructure is an important part of economic growth. To support this growth, TJP plans to put money into improving and expanding infrastructure. It includes both physical infrastructure, like roads, bridges, and public transportation, and digital infrastructure, like making sure people can easily connect to the internet and use digital services from home or anywhere else. The money will boost the economy, make it easier for people to connect, and overall improve the quality of life for our locals.

Fostering Economic Justice and Equity: True economic development is more than just growth in numbers; it also means everyone gets a fair share of the wealth. TJP came up with a plan for progressive taxes so that the rich pay their fair share. TJP also wanted to protect the poor through social safety nets and make policies to reduce income inequality. Our main goal is to create an economy that works for everyone, not just a small group of wealthy people.

Promoting Sustainable Development: TJP’s main goal is sustainability, which is important for economic growth. Green growth, which means long-term investing in renewable energy and the environment across all fields, is what our plans will aim for. Getting this done will not only protect the earth for future generations, but it will also make our country the world leader in green economies.

All of these goals are part of our strategy for economic growth, which hopes to reach through innovation, sustainability, and openness to everyone. To reach this goal, the party will work on education, job creation, building up infrastructure, supporting farmland, economic justice, and long-term survival. TJP’s ultimate goal is to make Pakistan a great place where everyone has the chance to move towards a future of wealth and equality, TJP is working towards measures that can make a difference in the lives of our people right away.

Tourism Development

Tourism development strategy holds the potential to have a profound impact on the economy and, can lead to a substantial contribution to Pakistan’s GDP, job creation, and entrepreneurial opportunities. A flourishing tourism sector is expected to inject significant funds into the economy through increased spending on accommodations, transportation, local cuisine, and cultural experiences. Beyond the immediate economic benefits, the strategy aims to create a wealth of job opportunities across various sectors, reducing unemployment and uplifting local communities. TJP plan to improve the tourism sector in Pakistan as follows:

  • Invest in upgrading and expanding tourist infrastructure, including roads, airports, and accommodations. Ensuring well-maintained and accessible facilities enhances the overall tourist experience.
  • Improve connectivity to remote areas by developing transportation networks. Enhanced accessibility promotes tourism in traditionally underserved regions, stimulating economic activities.
  • Invest in the preservation and promotion of cultural and heritage sites. This includes restoration projects, interpretation centers, and educational programs to showcase Pakistan’s rich history and diverse cultural heritage.
  • Organize cultural festivals and events to attract both domestic and international tourists. Such events not only showcase the country’s cultural vibrancy but also contribute to the local economy.

Minerals and Mining Sector Reforms for Economic Development

Tehrik Jawanan Pakistan (TJP) recognizes the critical importance of the minerals and mining sector as a cornerstone of economic development. The party proposes a series of reforms aimed at promoting indigenization, enabling local industries, and encouraging value addition. These reforms are designed to shift the focus from the export of raw materials to the development of a robust, locally-driven industry that can contribute to sustainable economic growth and employment.

Promotion of Indigenization in the Mining Sector

TJP’s policy framework starts with the promotion of indigenization. This involves developing policies that prioritize local companies and workforce in mining contracts and operations. The party proposes the creation of a legal framework that mandates a certain percentage of local content in all mining projects. This could include requirements for local hiring and the use of domestically produced machinery and services, thereby fostering an inclusive economic environment that benefits local communities.

Support and Development of Local Industries

To enable local industries to thrive, TJP plans to establish industrial zones specifically tailored to processing and manufacturing industries related to mining. These zones would offer tax incentives, infrastructure support, and access to technology. By doing so, TJP aims to encourage the establishment of businesses that can add value to raw materials locally, reducing the dependency on foreign processing and enhancing the country’s industrial base.

Enhancement of Value Addition

Value addition is a key component of TJP’s mining sector reform. The party advocates for the establishment of processing plants and facilities that convert raw minerals into finished or semi-finished products. This approach not only increases the market value of these products but also opens up new markets both domestically and internationally. Incentives for research and development in mining technology and processing techniques would be part of this initiative, ensuring that Pakistan stays competitive in the global market. While the focus remains on reducing raw material exports, TJP also proposes strategies to enhance the export of value-added products. This involves not only improving the quality of products but also negotiating trade agreements that open up new markets for these higher-value exports.

Strengthening Regulatory Frameworks and Establishing Public-Private Partnerships

Effective regulation is essential for the sustainable development of the mining sector. TJP proposes the strengthening of regulatory frameworks to ensure that mining activities are environmentally sustainable and socially responsible. This includes stricter enforcement of environmental protection laws, fair compensation practices for land use, and safety standards that protect workers. Recognizing the capital-intensive nature of the mining industry, TJP encourages the formation of public-private partnerships (PPPs) to share resources and risks. These partnerships can leverage both public oversight and private sector efficiency, driving growth and innovation in the mining sector. Such collaborations would be governed by transparent agreements to ensure that both economic benefits and environmental protections are upheld.

Strategic Allocation of Budgets to Union Councils

Decentralized Budgeting Process: TJP proposes a decentralized budgeting process where a fixed percentage of the national budget is directly allocated to Union Councils. This allocation will be based on transparent criteria, including population size, developmental needs, and economic potential. By ensuring a guaranteed flow of funds, local governments will be better equipped to plan and execute development projects independently.

Technology-Enabled Governance: To streamline governance and enhance service delivery at the Union Council level, TJP will promote the use of technology. Digital platforms for budget management, project monitoring, and public feedback will be developed. These platforms will ensure that governance processes are accessible, efficient, and responsive to the needs of the community.

Fiscal Autonomy: To promote fiscal autonomy, TJP will empower Union Councils to generate their own revenue through local taxes and user fees, supplemented by the central allocation. Training and resources will be provided to local bodies to efficiently manage and increase their revenue streams, ensuring they have the financial independence necessary for sustainable development.

Transparent and Accountable Mechanisms: To ensure transparency and accountability in the use of funds, TJP will implement strict monitoring and auditing systems. Local governments will be required to publish regular financial reports and undergo annual audits. Community oversight panels will also be established, allowing citizens to play an active role in monitoring and evaluating local government performance.

Participatory Planning: TJP encourages participatory planning processes where community members are actively involved in identifying and prioritizing local development projects. This approach not only makes budget allocation more responsive and targeted but also enhances citizen trust and engagement in local governance.

Technology-Enabled Governance: To streamline governance and enhance service delivery at the Union Council level, TJP will promote the use of technology. Digital platforms for budget management, project monitoring, and public feedback will be developed. These platforms will ensure that governance processes are accessible, efficient, and responsive to the needs of the community.

Incentives for Innovation and Efficiency: TJP will introduce incentives for Union Councils that demonstrate innovation, efficiency, and effectiveness in governance. These incentives could be in the form of additional budget allocations, awards, and public recognition, motivating local governments to continually improve their performance.

Documentation of Economy through Digitalization and Reduction in Currency Denomination

Tehrik Jawanan Pakistan (TJP) recognizes the urgent need for modernizing Pakistan’s economic framework to enhance transparency, efficiency, and inclusivity. In our manifesto, we outline a dual approach focused on the documentation of the economy through digitalization and strategic reduction in currency denomination. These measures are aimed at reducing the size of the informal economy, increasing tax compliance, and encouraging legitimate financial transactions.

Digitalization of Financial Transactions

Implementing a National Digital Payment System: TJP proposes the development and implementation of a comprehensive national digital payment system. This platform will facilitate all types of financial transactions electronically, reducing dependency on cash and making transactions more traceable and secure. The system will be accessible to all citizens, ensuring that even those in remote areas can participate in the formal economy.

Mandatory Digital Payments for Businesses: To further encourage the use of digital transactions, TJP will mandate that all business transactions above a specified threshold be conducted digitally. This policy will apply to all sectors and will be enforced through strict penalties for non-compliance. Additionally, incentives such as tax rebates will be offered to businesses that adhere to digital payment protocols.

Encouragement of Mobile Banking and Financial Apps: Understanding the widespread use of mobile phones across the country, TJP plans to promote mobile banking and financial apps. We will collaborate with telecom companies and financial institutions to enhance the accessibility and functionality of mobile banking services, making it easier for the public to engage in digital transactions.

Reduction in Currency Denomination

Phasing Out High Denomination Notes: TJP intends to gradually phase out high denomination currency notes to discourage cash hoarding and curb black money circulation. This process will be conducted in stages to minimize disruption in the market and give citizens ample time to transition to digital methods or to exchange their high denomination notes.

Public Awareness Campaigns: To ensure public acceptance and smooth transition, TJP will launch extensive awareness campaigns. These campaigns will educate the public on the benefits of reduced currency denominations and digital transactions, including increased security, convenience, and economic stability.

Incentives for Digital Transition

Tax Incentives: To accelerate the adoption of digital financial practices, TJP will offer tax incentives to individuals and businesses that conduct a higher proportion of their transactions digitally. These incentives will be structured to gradually increase the cost of conducting large cash transactions, thereby nudging the economy towards full digitalization.

Subsidies for Technology Acquisition: Understanding the cost barriers associated with digital technology, TJP will provide subsidies and financial support for small and medium enterprises (SMEs) to acquire necessary digital infrastructure. This support will include subsidies on the purchase of digital hardware and software, as well as training for employees.

Strengthening Cyber security Measures

Enhanced Cyber security Framework: With the increase in digital transactions, TJP is committed to strengthening the national cyber security framework. We will invest in advanced security technologies and infrastructures to protect against cyber threats. Regular audits and updates will ensure that security measures remain robust and effective.

Through these strategies, Tehrik Jawanan Pakistan aims to transform the economic landscape by documenting and digitalizing financial activities and reducing currency denomination. These reforms are designed not only to enhance economic efficiency and transparency but also to foster a more inclusive financial environment conducive to sustainable development.

Implementation of FBR and Tax Reforms with Islamization of the Economic System Through Zakat and Ushr

Tehrik Jawanan Pakistan (TJP) proposes comprehensive reforms to the Federal Board of Revenue (FBR) and the overall tax system, aligning them with Islamic economic principles, specifically through the integration of Zakat and Ushr. These reforms aim to enhance the fairness, transparency, and effectiveness of the tax collection system while ensuring it supports Islamic social welfare principles.

Restructuring the Federal Board of Revenue (FBR)

Institutional Reforms: TJP plans to initiate institutional reforms within the FBR to increase efficiency and reduce corruption. This includes the introduction of advanced data analytics and AI tools to improve tax collection processes and ensure accurate tax assessments. Enhanced training programs will be established to upgrade the skills of FBR personnel, focusing on ethical practices and service orientation.

Enhancing Transparency: Implementing a transparent auditing system where both taxpayers and tax collectors are held accountable is key. The FBR will be required to publish regular reports detailing tax collection and distribution, specifically highlighting how these funds are utilized in public welfare projects in line with Islamic principles.

Streamlining Tax Collection: Simplifying the tax filing process by introducing user-friendly digital platforms will make it easier for individuals and businesses to comply with tax regulations. These platforms will facilitate seamless filing, payment, and tracking of tax submissions.

Incorporation of Zakat and Ushr

Integration into National Tax System: Zakat and Ushr will be formally integrated into the national tax system. Zakat (a form of almsgiving treated in Islam as a religious obligation or tax, usually about 2.5% of one’s savings) and Ushr (a form of Islamic tax on agricultural land) will be collected systematically by the state to support the poor and needy, in accordance with Islamic teachings.

Calculation and Collection Mechanisms: Special units within the FBR will be developed to calculate, collect, and distribute Zakat and Ushr effectively. These units will work closely with local Islamic scholars to ensure that the calculation methods align with Shariah principles. A nationwide database will be created to identify Zakat-eligible individuals and entities accurately.

Use of Zakat and Ushr Funds: Funds collected from Zakat and Ushr will be transparently and strictly used for their intended purposes, such as helping the poor, debt relief, and other social welfare projects. Mechanisms will be put in place to monitor and audit the distribution of these funds to prevent misuse and ensure they reach the rightful recipients.

Public Education and Awareness

Educating the Masses: An extensive public education campaign will be launched to inform citizens about the changes in the tax system and the importance of Zakat and Ushr. This campaign will aim to increase understanding of how these practices strengthen social solidarity and economic justice in society.

Engagement with Religious Leaders: TJP will engage with religious leaders and scholars to promote the acceptance and successful implementation of Zakat and Ushr as integral parts of the tax system. These leaders will play a crucial role in validating the reforms and encouraging compliance among the population.

Legislative Support

International Collaboration: Learning from countries with successful models of Islamic tax systems, such as Saudi Arabia and Malaysia, will be vital. TJP plans to collaborate with international Islamic finance experts to adopt best practices that can be customized to fit Pakistan’s unique context.
Through these detailed steps, Tehrik Jawanan Pakistan aims to reform the tax system not just economically but also spiritually, aligning it more closely with the values of fairness, transparency, and social welfare dictated by Islam.

Legal Framework: To ensure the sustainability and legality of these reforms, TJP will work towards amending existing laws or introducing new legislation that supports the integration of Zakat and Ushr into the tax system. This legal backing will prevent future modifications that could undermine these Islamic principles.