23 July, 2014 / Ramazan 24, 1435

NEC approves Rs 1.155 trillion for PSDP

Published Jun 10, 2013 04:48pm
File photo shows Prime Minister Nawaz Sharif wih Finance Minister Ishaq Dar.—File Photo
File photo shows Prime Minister Nawaz Sharif wih Finance Minister Ishaq Dar.—File Photo

ISLAMABAD: The National Economic Council in its meeting chaired by Prime Minister Muhammad Nawaz Sharif at the Prime Minister’s Office this afternoon approved 1155 billion rupees development projects including federal Public Sector Development Programme of Rs. 540 Billion and 615 Billion rupees of development projects belonging to the provinces.

It also decided to constitute a committee led by Minister for Planning and Development with Chief Ministers of the Provinces as its members to consider issues and to chalk out a policy with clear guidelines consistent with the functional responsibilities under the constitution.

The National Economic Council authorised the aforementioned committee to also streamline the process of release of funds to the provinces.

The NEC also authorized Ministry of Planning and Development for making adjustments within the approved PSDP size as decided by the committee.

In his welcome remarks, Prime Minister Muhammad Nawaz Sharif congratulated the Chief Minister on their assumptions of office and completion of smooth transition.

The Prime Minister reiterated that the mandate of the people will be respected. He expressed the confidence that if we continue on the path of democracy, respect democratic traditions and the mandate of the people, the days were not far off when we would be able to raise our heads high as a civilized nation.

The Prime Minister expressed the hope that the provincial governments will work in their respective provinces for the implementation of development projects with sincerity and ensure that the funds are not only used judiciously but each and every rupee is spent as a sacred trust of the people.

“We will not tolerate any breach of national trust. Funds should be utilized for the purpose they are intended and honestly”, emphasized the Prime Minister.

The Prime Minister said that the biggest issues facing the country were loadshedding, extremism and sectarianism which have a direct bearing on the country’s economy. We need peace for economic activities.

We have to eliminate corruption and plug loopholes and leakages to increase revenue. The present quantum of revenue collection, and size of the development programme is a shame for a country of the size and status of Pakistan. The Prime Minister said that we need revenues and these targets can be improved provided we rid the tax collection machinery of corrupt elements. He observed that this is a pathetic situation and is unacceptable. “No one involved in corruption will be spared.”

The Prime Minister directed the Minister for Planning & Development to review the ongoing schemes reportedly amounting to nearly 3 Trillion and come up with recommendations by July 31, 2013 so that a roadmap on their implementation could also be finalized.

The Prime Minister directed the Minister for Water & Power Mr. Khawaja Muhammad Asif to find a way out to provide additional electricity to Balochistan in view of the urgent requirement of water for the crops. The direction was issued in response to the request made by the Chief Minister Balochistan, Dr. Abdul Malik Baloch, who informed the Prime Minister that Balochistan is presently receiving two hours of electricity only and this would adversely impact the standing crops.

The Prime Minister directed the Ministry of Finance to present a proposal to the Cabinet containing recommendations for improvement in revenue collection including structural reforms. The Chief Ministers of Punjab, Sindh, KPK, Balochistan, Giligit Baltistan and President AJ&K congratulating the Prime Minister on the assumption of his office assured him of their unconditional support to his program of revival of economy for the country.

The meeting was attended by Chief Minister of Punjab, Mr. Shahbaz Sharif, Chief Minister of Sindh, Mr. Qaim Ali Shah, Chief Minister of Khyber Pakhtunkhwa Chief Minister Balochistan Dr. Abdul Malik Baloch, Chief Minister Gilgat Baltistan Syed Mehdi Shah, GovernorKhyber Pakhtunkhwa Eng. Shaukat Ullah, Prime Minister of Azad Jammu and Kashmir, Chaudhry Abdul Majeed, Advisor to Chief Minister of Finance, Syed Murad Ali Shah Senior Minister for Finance, Mr. Siraj ul Haq, Minister for Water and Power, Khawaja Muhammad Asif, Minister for Planning and Development, Mr. Ahsan Iqbal, Chief Secretaries of all provinces and senior officials participated in the meeting.

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Comments (8) (Closed)


Altaf
Jun 10, 2013 06:44pm

If they truly spend half of what they have apparently allocated in PSDP, the nation would see a significant change in their lifestyle.

Syed
Jun 10, 2013 08:49pm

Where there is a will there is a way. Only good intentions are not enough. Proper planning and hard work is required to attain the objectives. There is a sense of fresh air with the installation of the new government. Hopefully they would come up with proper planning.

ashraf a jamal
Jun 10, 2013 10:49pm

Nawaz Sharif, is notorious to give tenders at higher cost to his own selective personal. I know first hand on two projects. This must be treated a crime of treason. Pakistan is looted, in billions via special interest by the prime minister and all are unwritten laws. Chief Minister should open investigation, when Mr. Nawaz Sharif was prime minister in 1998, contracts were awarded to his chosen individuals and they fled the country with the money.

bong
Jun 10, 2013 11:38pm

@Syed: Only "Air" ?

Ali
Jun 11, 2013 03:00am

"The Prime Minister directed the Minister for Water & Power Mr. Khawaja Muhammad Asif to find a way out to provide additional electricity to Balochistan in view of the urgent requirement of water for the crops" Mr Khawaja in response said "Sure Mr Sharif, I'll just pull this additional electricity out of thin air just like everyone else have in past". You're "unfit" to run a house; let alone the country.

Ali
Jun 11, 2013 03:02am

"The Prime Minister directed the Minister for Water & Power Mr. Khawaja Muhammad Asif to find a way out to provide additional electricity to Balochistan in view of the urgent requirement of water for the crops" Mr Khawaja in response said "Sure Mr Sharif, I'll just pull this additional electricity out of thin air just like everyone else have in past". You're "unfit" to run a house; let alone a country.

Ali
Jun 11, 2013 03:26am

@Syed: it has always been a fresh air with every previous government change too. Who are we fooling here? We've all been there before; what has changed in the equation this time (yes, my finger is on Punjab)? Same run down wheels and as a matter of fact same run down driver/s too who keep getting a second (and now third) go. Soon the reality will hit hard and as this government havn't spent any time "planning". They will start chasing their tail soon for next 5 years.

Mahmood khan
Jun 11, 2013 04:43am

@Altaf: I agree with you compleatly, now it is there turn to change there life style. Most of PPP leaders has changed there lift style in last five years.... This announcement does not say where the money will be spent.... What is there to show for the last 62 years where all this money spent in the name of development projects.....

I applaud pakistan people for keeping quite for so long..... Mashallah Allah help us....