ISLAMABAD,May 10 (APP): Prime Minister Imran Khan Monday stressed upon active participation of private sector in the development process of the country and said that government was fully committed to provide conducive environment to the private sector.
He said keeping in view public requirements, private sector’s participation was need of time.
The prime minister chaired a meeting in which he was given a briefing over different ongoing, completed and nearing completed public-private partnership projects carried under Public Sector Development Programme (PSDP), PM office media wing said in a press release.
The prime minister further said that 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 Rs2000 billion under 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. Chief Minister Punjab 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 Rs233 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 PSDP plus strategy, conducive environment and other necessary assistance was being provided to ensure participation of the private sector.
Under PSDP plus, 180 different venues had been identified with estimated worth of Rs5.5 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.
