‘PSDP’s pro­pos­als should align V-2025 and govt man­i­festo’

The Pak Banker - - NATIONAL -

Fed­eral Min­is­ter Plan­ning, De­vel­op­ment & Re­form Ah­san Iqbal has im­pressed upon the fed­eral min­istries and de­part­ments to come up with the pro­pos­als for next year's Pub­lic Sec­tor De­vel­op­ment Pro­gramme (PSDP), which are linked with Vi­sion-2025 and ful­fill­ment of man­i­festo of the govern­ment.

Govern­ment will en­ter­tain only those projects which are aligned with the fu­ture growth roadmap and will have a higher de­vel­op­ment im­pact. Present govern­ment is giv­ing top pri­or­ity to en­ergy and China-Pak­istan Eco­nomic Cor­ri­dor (CPEC) projects, leav­ing it with lim­ited fi­nan­cial re­sources to fi­nance other de­vel­op­ment projects that re­quires the min­istries to present high pri­or­ity projects. Fed­eral Min­is­ter Plan­ning & De­vel­op­ment made th­ese re­marks while chair­ing a prepara­tory meet­ing for PSDP 2016-17 at Plan­ning Com­mis­sion of Pak­istan.

The meet­ing was at­tended by Sec­re­taries, Ad­di­tional Sec­re­taries and other high of­fi­cials of fed­eral min­istries and de­part­ments. Ah­san Iqbal is­sued guide­lines to the min­istries to for­mu­late the pro­pos­als for next PSDP by keep­ing man­age­ment prac­tices.

Ah­san Iqbal said that pro­pos­als for next fi­nan­cial year PSDP should be pre­pared in line with Sus­tain­able De­vel­op­ment Goals (SDGs), which the govern­ment de­clared as Pak­istan De­vel­op­ment Goals for the sake of our own fu­ture.

He also called upon them to raise their ca­pac­ity build­ing to uti­lize the al­lo­cated funds as well as prepa­ra­tion of PC-1 be­cause of lack of ca­pac­ity on part of de­part­ments to for­mu­late tech­ni­cally and fi­nan­cially sound PC-1 of the projects is cre­at­ing bad im­pact. Min­is­ter noted that un­der-uti­liza­tion of al­lo­cated funds against some projects sig­nals to­ward se­ri­ous la­cu­nas in pub­lic sec­tor's ca­pac­ity to uti­lize the fund.

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