Abstract
This paper exploresthe features of the Multi-Annual Indicative Program (MIP) of the European Union (EU), a unique program as it works on thematic areas for under-developed and developing countries within the frame ofmutual cooperation among partner countries.Theimplementation of MIPwas evaluated as it relates to program practices in Pakistan. Financial assistance was provided to enhance economic development, good governance,and greater accountability to the general public, to strengthendemocratic institutions, peace &securityand of course, address cross cutting issues involving human rights and environmental issues. It is assessed that the level of progress observed sluggish on almost every count, except economygrowth. In assessing the shortcomings of MIP’s implementation in Pakistan, results reveal that good governance, humanitarian development, and democratization as important as economic development, as part of a holistic plan. Pakistan has to find ways to enforce policies which have cross cutting implications, in order to achieve greater result in terms of both social and economic development.