five-year plan

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Five-Year Plan

A multiyear plan for economic development prepared by a government. For example, a five-year plan may state the methods and the amount of development that should be experienced by the industrial sector by the end of the plan. Five-year plans were introduced in the Soviet Union and were adopted by most other 20th-century communist states. For that reason, the term is associated with command economies.

five-year plan

see NATIONAL PLAN.
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The 12th Five Year Plan envisages balanced and equitable regional development, sustainable, inclusive, job creating and export led growth besides ensuring food, energy and water security.
How a small farmer with one acre landholding will get benefit from the upcoming five year plan, how much credit he will get and what will be the interest rate for the loan?
It was informed that consolidation period is expected to be over by next fiscal year and GDP growth will start picking up from the current envisaged at 4.2% to 7% during terminal year of the five year plan.
The Minister stressed that statistics and figures should be based on facts while formulating five year plan. The Minister noted that Pakistan's economy is lagging behind Bangladesh and called for reviewing the factors behind it to address the challenges.
The exports are also envisioned to be doubled to $48 billion under the 12th Five Year Plan and raise the foreign direct investment to $7.6 billion.
While commenting on the recommendations, Planning Minister Ahsan Iqbal maintained that the 12th Five Year Plan would set pace for an emerging and prosperous Pakistan through a knowledge based economy and a clear roadmap envisioned in Vision 2025.
The Ninth Five year Plan 1998-2003 (not fully formulated) but included the education planning taken from the education Policy 1992 to 2010.
The ninth five year plan in Oman is based on an oil price of $45-$60 per barrel and the forecast is above the assumed price, which is a good news, Ashok Hariharan, partner and head of tax, KPMG Lower Gulf, told the Times of Oman.
During the 8th five year plan, work was initiated at the first and second stage of Sur-Bidbid road at a cost of RO 432.5 million.
The five year plan is likely to accommodate the country's ongoing housing concerns, and may also include provisions for the creation of a special directorate for real estate in Oman.
China is now entering the final year of its 12th Five Year Plan. For over six decades, the Chinese central government has been endorsing these five-year plans as a means of establishing national priorities for society and the economy.
The objective of the policy was "reducing birth rate to the extent necessary to stabilize the population at a level consistent with requirement of national economy." The first five year plan stated that "the main appeal for family planning is based on considerations of health and welfare of the family.