‘Rs280bn to be allocated for PSDP’

Islamabad: Deputy Chairman Planning Commission (PC) Dr Nadeem-ul-Haq has said that Rs280 billion would be allocated for Public Sector Development Programme (PSDP) in the budget for 2011-12.

He said a comprehensive growth strategy would be presented on Saturday in the National Economic Council (NEC) meeting to find alternative resources for economic growth.

He said that many economic reforms were implemented in the last fiscal year, which had helped reduce load shedding in the country. He said that circular debt had been reduced and a new cooperative governance system was established to improve the power sector.

The deputy chairman said that privatisation of public institutions is being done across the world.

He stressed upon the need to attain progress through the public-private partnership in the country.

He called for inviting private investment by utilising a proper framework to maintain stability in the economic sector.

Haq also stressed upon the need to observe high-quality to monitor the ongoing projects.

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