Govt Committed To Ensure Conducive Environment For Private Sector: Prime Minister
Muhammad Irfan Published May 10, 2021 | 11:31 PM
Prime Minister Imran Khan Monday stressed upon active participation of the private sector in the country's development process and said the government was fully committed to provide conducive environment to it
ISLAMABAD, (UrduPoint / Pakistan Point News - 10th May, 2021 ) :Prime Minister Imran Khan Monday stressed upon active participation of the private sector in the country's development process and said the government was fully committed to provide conducive environment to it.
Keeping in view public requirements, the private sector's participation was need of time, he added.
The prime minister chaired a meeting in which he was given a briefing over ongoing, completed and nearing completed different public-private partnership projects carried under the Public Sector Development Programme (PSDP), PM Office Media Wing said in a press release.
Imran Khan said the board of Investment was being fully activated to provide facilities to the foreign and local investors.
The prime minister was apprised that that work on about 50 different public-private partnership model development projects worth Rs 2,000 billion under the Public Sector Development Programme (PSDP) was underway in different phases.
A total of 35 others were in the process of approval, it was further added.
The meeting was attended by Minister for Planning Asad Umar, Minister for Finance Shaukat Tarin, relevant secretaries and senior officials. Punjab Chief Minister Sardar Usman Buzdar, provincial minister Hashim Jawan Bakht and other provincial officers attended the meeting via videolink.
The meeting was informed that 14 other projects worth 978 billion rupees would get approval in the next three months. Whereas 18 projects costing 1016 billion rupees would be awarded in the year 2021-22.
It was further apprised that two important projects including Sialkot-Kharian Motorway and Sukkar-Hyderabad Motorway with a cost of Rs 233 billion had been approved by the Public-Private Partnership Authority.
Tender for Sialkot-Kharian Motorway had been floated whereas for Sukkar-Hyderabad project, the tender would be released in June.
The prime minister was apprised that six more projects worth 710 billion rupees would be approved by August in this year.
These projects in the public-private partnership models included communication, health, science and technology, social sector and other related sectors.
Under the PSDP plus strategy, conducive environment and other necessary assistance were being provided to ensure participation of the private sector.
Under the PSDP plus, 180 different venues had been identified with estimated worth of Rs 5.5 trillion, it was further added.
The prime minister directed Punjab and Khyber Pakhtunkhwa provincial governments to submit progress details of Federal and provincial development projects, including the future development projects and their distribution on the basis of different areas.
Related Topics
Recent Stories
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 27 April 2024
Today Gold Rate in Pakistan 27 April 2024
HEC reviews curricula for environmental sciences degree programme
ICC Asia looking forward to an action-packed Asia Cricket Week
Yuvraj Singh named ICC Men’s T20 World Cup 2024 Ambassador
Greece hands Olympic flame to 2024 Paris Games hosts
Two Kyiv hospitals evacuating over feared Russian strikes
World must act on neurotech revolution, say experts
Charles & Catherine's cancer diagnoses
Champions Alcaraz and Sabalenka through in Madrid Open
King Charles to resume some public duties during cancer treatment: palace
US defense chief announces $6 bn in security aid for Ukraine
More Stories From Pakistan
-
Two killed over land dispute
19 minutes ago -
Sargodha receives rain
19 minutes ago -
13 criminals held
29 minutes ago -
Saudi ministry warns against fraudulent Hajj schemes; urges vigilance, official channels for booking
9 hours ago -
SC to take up 9 identical petitions regarding judges' letter
10 hours ago -
Woman committed suicide in Pindigheb
10 hours ago
-
Teenage girl abducted in Hassanabdal
10 hours ago -
NTDC Super 8 Inter-Departmental Tape Ball Cricket Tournament concludes: GM (HR) team clinches the w ..
10 hours ago -
AJK President calls for overseas Kashmiris' proactive role to expose the Modi government's nefarious ..
10 hours ago -
AJK-wide campaign begins to vanish black-tinted glasses to all sorts of vehicles
10 hours ago -
Islamabad to be digitalized as pilot project under national digitalization plan: IT Minister
10 hours ago -
HEC reviews curricula for environmental sciences degree programme
11 hours ago