{"id":58717,"date":"2019-12-16T11:54:45","date_gmt":"2019-12-16T06:54:45","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=58717"},"modified":"2021-02-23T16:47:46","modified_gmt":"2021-02-23T11:47:46","slug":"govt-to-introduce-psdp-plus-programme","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/govt-to-introduce-psdp-plus-programme.html","title":{"rendered":"\u2018PSDP Plus\u2019 programme developed to stimulate economic growth"},"content":{"rendered":"<p>Islamabad: The federal government has developed a robust three-year \u2018Public Sector Development Programme (PSDP) Plus\u2019 plan in an effort to stimulate economic growth and create more job opportunities for the country\u2019s youth, a news source reported. The project involves getting private sector on board for the development of 53 mega projects with an approximate PKR 5.2 trillion investment.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/pm-orders-optimal-utilisation-psdp-funds.html\">PM orders optimal utilisation of PSDP funds<\/a><\/p>\n<p>As per the report, this programme will be executed separately from the standard PSDP framework currently in effect, and is scheduled for implementation between fiscal years 2020 and 2023. Prime Minister (PM) Imran Khan recently provided his approval to the project and directed the relevant government ministries and provincial administrations concerned to come up with similar developmental initiatives for the public&#8217;s benefit.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/psdp-funds-release-mechanism-revised.html\">PSDP funds release mechanism revised<\/a><\/p>\n<p>According to the State Bank of Pakistan estimates, the country needs to achieve an annual growth rate of more than 6.6 per cent to accommodate 1.3 million new job seekers. The PSDP plus plan has been envisaged to achieve the goal. It will enhance development spending with an aim to achieve a sustainable GDP growth rate of 6.7% at the end of the programme from the projected growth rate of 3.3% for this fiscal.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/major-infrastructure-projects-from-tribal-areas-included-psdp.html\">Major infrastructure projects from tribal areas included in PSDP<\/a><\/p>\n<p>The government seems to be following the Turkish model. Under their version of the plan, the Turkish authorities invested USD 138 billion other than the government funding during 2013-18. These funds were invested in certain critical areas and helped the country attain a sustained economic growth of over 6pc during these years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The federal government has developed a robust three-year \u2018Public Sector Development Programme (PSDP) Plus\u2019 plan in an effort to stimulate economic growth and create more job opportunities for the country\u2019s youth, a news source reported. The project involves getting private sector on board for the development of 53 mega projects with an approximate PKR 5.2 trillion investment. Read:\u00a0PM orders optimal utilisation of PSDP funds As per the report, this programme will be executed separately from the standard PSDP framework currently in effect, and is scheduled for implementation between fiscal years 2020 and 2023. Prime Minister (PM) Imran Khan recently provided his approval to the project and directed the relevant government ministries and provincial administrations concerned to come up with similar developmental initiatives for the public&#8217;s benefit. Read:\u00a0PSDP funds release mechanism revised According to the State Bank of Pakistan estimates, the country needs to achieve an annual growth rate of more than 6.6 per cent to accommodate 1.3 million new job seekers. The PSDP plus plan has been envisaged to achieve the goal. It will enhance development spending with an aim to achieve a sustainable GDP growth rate of 6.7% at the end of the programme from the projected growth&hellip;<\/p>\n","protected":false},"author":57,"featured_media":34938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[14449],"persona":[],"class_list":{"0":"post-58717","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-govt-to-introduce-psdp-plus-programme","9":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u2018PSDP Plus\u2019 programme developed to stimulate economic growth - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The federal government has developed a robust three-year \u2018Public Sector Development Programme (PSDP) Plus\u2019 plan in an effort to stimulate\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/govt-to-introduce-psdp-plus-programme.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018PSDP Plus\u2019 programme developed to stimulate economic growth - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The federal government has developed a robust three-year \u2018Public Sector Development Programme (PSDP) Plus\u2019 plan in an effort to stimulate\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/govt-to-introduce-psdp-plus-programme.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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