ISLAMABAD – Prime Minister Imran Khan has stressed the need for ensuringoptimal and timely utilization of funds allocated by the Federal Governmentunder Public Sector Development Program.
Chairing a meeting to review progress on PSDP in Islamabad on Wednesday, heinstructed the Planning Commission to come up with a monthly performancereview report so as to determine the reasons behind the under-utilizationof the funds allocated for the vital Public Sector Development programs.
He said policies need to be well-thought-out and harmonized to yielddesired results.
Imran Khan stressed to enhance coordination among the ministries for earlyand effective completion of the projects. He also directed that focusshould be on those ministries which are executing development projects asthis would facilitate job creation and counter unemployment.
He said economic development would ensure better opportunities for theyouth of the country.
The meeting also reviewed in detail the release of funds to variouscorporations and authorities, and satisfactory results of the blockallocations to Azad Kashmir and Gilgit Baltistan.
It was informed that an elaborate exercise has been carried out by thePlanning Commission to extend support and facilitation to CDWP and ECNECprojects.
The participants were briefed that during the current Fiscal Year, a totalof 170 projects will be completed out of which 38 are mega projects. Aspecific monitoring and evaluation setup is being established at thePlanning Commission to ensure completion of all these projects within thetimelines.
The meeting was briefed that an amount of 701 billion rupees has beenallocated under the PSDP during the Fiscal Year 2019-20 for developmentprojects.
It was apprised that powers have been given to the Principal AccountingOfficers for the release of funds for projects amounting less than 2billion rupees to expedite progress on projects allocated to differentministries.