We Have Enough Funds to Start Development Projects: Economic Affairs Minister
Islamabad: Economic Affairs Minister Hammad Azhar revealed recently that the government has sufficient funding available to develop major development projects in the country from its development partners, a news source reported.
This data was shared by the Minister during his meeting on Wednesday in Islamabad with Prime Minister Imran Khan's Economic Team. Dr Abdul Hafeez Shaikh, the PM's advisor on finance and income, was also there.
The participants included the planning minister, trade adviser, FBR chairman deputy chairman of the planning commission, finance, planning and food security and research secretaries.
Minister of Planning, Development and Reform Khusro Bakhtiar informed participants of the progress made during this fiscal year on the mega-development projects launched under the Development Public Sector Program (PSDP). The complete roadmap was presented to carry out the major projects, including a monitoring of the use of physical, technological and financial resources as planned.
The government was also addressed to simplifying the procedures for the release and use of development resources.
The PM's intention to monitor progress of agricultural projects itself was also revealed during the meeting in order to improve the socio-economic condition of rural areas. It was also revealed that in cooperation with all provincial authorities an Emergency Agriculture Program would be implemented.
The economic team also discussed measures to enhance the management's business ease initiative in order to boost investor confidence and promote business activities. Special Economic Zones and Export Processing Zones in cooperation with regional agencies were also decided to improve overseas investor involvement.
There was also discussion of the Ehsaas program for uplifting the poor society sector. In order to improve service delivery, the Chair encourageed all the ministries involved to proactively implement development projects and quickly track their reform projects.