Islamabad: Minister for Economic Affairs Hammad Azhar recently revealed that the government had sufficient funds available from its development partners to develop major infrastructural pursuits in the country, a news source reported.
The minister shared this information while briefing Prime Minister (PM) Imran Khan’s economic team on Wednesday in Islamabad. Advisor to the PM on Finance and Revenue Dr Abdul Hafeez Shaikh was also present at the occasion.
Other attendees included the planning minister, advisor on commerce, the FBR chairman, deputy chairman of the Planning Commission, and secretaries of the finance, planning, and food security & research divisions.
Minister for Planning, Development & Reform Khusro Bakhtiar briefed the participants about the progress on the mega-development-projects initiated under the Public Sector Development Programme (PSDP) during this fiscal year. He presented the complete road map (including monitored utilisation of the physical, technological and financial resources as per plans) to execute the major projects.
It was also discussed that the government would simplify the procedures pertaining to the release and utilisation of development funds.
In order to improve the socioeconomic status of the rural areas, the PM’s intention to oversee the progress of the agricultural projects himself was also revealed in the meeting. It was also divulged that an Agriculture Emergency Programme would be executed in collaboration with all the provincial governments.
The economic team also discussed measures to facilitate the executive’s Ease of Doing Business initiative to boost investor’s confidence and encourage business activities. It was also agreed upon that to enhance foreign investor’s interest, Special Economic Zones and Export Processing Zones would be made operational in coordination with provincial bodies.
The Ehsaas Programme to up-lift poor society segment was also brought under discussion. The chair encouraged that all the ministries concerned should execute development projects pro-actively and fast track the reform projects to improve service delivery.