Govt, WB to work on removing bottlenecks

Published July 13, 2019
WB financial support is expected to be a key areas of discussion on the sidelines of PM Imran's visit to Washington. — AFP/File
WB financial support is expected to be a key areas of discussion on the sidelines of PM Imran's visit to Washington. — AFP/File

ISLAMABAD: The Planning Commission and the World Bank on Friday expressed concern over delays in various projects and consented to remove bottlenecks and expedite approval process at their respective ends.

The World Bank financial support is expected to be one of the key areas on the sidelines of the upcoming visit of Prime Minister Imran Khan to Washington next weekend. Pakistan is expecting the World Bank funding for budgetary support.

At a meeting on Friday, Federal Minister for Planning, Development and Reform Makhdum Khusro Bakhtyar told World Bank’s country director Patchamuthu Illangovan that the PTI government was eagerly looking for launch of some important projects to show its performance to the people and wanted to resolve all bottlenecks in project delays.

He said the government expected the World Bank to expeditiously process various development projects to take them to implementation stage at the earliest. He appreciated the contribution of WB in socio-economic development of Pakistan. “The incumbent government is committed to fast track the various projects being funded by World Bank,” he said.

And official announcement said various infrastructure, clean drinking water, drainage and agriculture related projects being funded by the World Bank came under discussion during the meeting. Referring to K4 (Greater Karachi Water Project) and S3 (Greater Karachi Sewerage Project), the minister said provision of clean drinking water and upgrading drainage system of Karachi were among top priority of the government.

The World Bank has funding pipeline of about $7.5bn for around 40 approved projects at the federal and provincial level. About 12 projects of over a billion dollar have not been receiving planned funding because of procurement issues while almost similar number of projects were facing problems due to staffing issues, particularly the absence of project directors.

Published in Dawn, July 13th, 2019

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

May 9 fallout
Updated 09 May, 2024

May 9 fallout

It is important that this chapter be closed satisfactorily so that the nation can move forward.
A fresh approach?
09 May, 2024

A fresh approach?

SUCCESSIVE governments have tried to address the problems of Balochistan — particularly the province’s ...
Visa fraud
09 May, 2024

Visa fraud

THE FIA has a new task at hand: cracking down on fraudulent work visas. This was prompted by the discovery of a...
Narcotic darkness
08 May, 2024

Narcotic darkness

WE have plenty of smoke with fire. Citizens, particularly parents, caught in Pakistan’s grave drug problem are on...
Saudi delegation
08 May, 2024

Saudi delegation

PLANS to bring Saudi investment to Pakistan have clearly been put on the fast track. Over the past month, Prime...
Reserved seats
Updated 08 May, 2024

Reserved seats

The truth is that the entire process — from polls, announcement of results, formation of assemblies and elections to the Senate — has been mishandled.