ISLAMABAD: Prime Minister Imran Khan on Friday stressed the need for inclusion of more development schemes in the Public Sector Development Programme (PSDP) to create jobs and run the wheels of the economy.
“Prime Minister Imran Khan emphasised incorporating new development projects in the PSDP to help generate economic activity and create employment opportunities,” said a press release issued by the PM Office.
Presiding over a meeting on the recommendations about the PSDP for the next financial year, the prime minister directed the authorities concerned to finalise the proposals till the next meeting in this regard.
The meeting was attended by federal Finance Minister Shaukat Tarin, Planning and Development Minister Asad Umar, Minister for Industries Khusro Bakhtiar, Special Assistant to the PM Dr Waqar Masood and senior government officials.
Officials directed to finalise recommendations on next year’s plan
The meeting discussed issues related to utilisation of funds on ongoing development projects under the PSDP during the current financial year, a development programme for the next fiscal year, setting priorities for new schemes and review of progress on the ongoing projects.
However, quoting an official document, Dawn has reported that the government has so far failed to meet its PSDP funds utilisation target in the current fiscal year.
The report said the federal development spending had dropped by a massive 22.5 per cent to Rs264 billion this year, compared to Rs340bn during the first nine months of last year. The provinces, however, have sustained their development schemes as spending on them has increased by about 2pc to Rs390bn, compared to Rs382bn of the first nine months of last year.
A couple of days ago, the prime minister had said the next budget would focus on Gross Domestic Product (GDP), inflation and development projects. “The government should prepare a development-oriented budget for the year 2021-22 in which improving GDP growth rate and tackling inflation would be the main areas of focus,” he had said.
“Give special attention to development projects and measures to control inflation while formulating the upcoming annual budget,” Mr Khan had said. Besides ensuring completion of ongoing development projects, new projects should be designed in accordance with the public needs, he had added.
Published in Dawn, May 8th, 2021