Sponsors’ input sought on reprioritising projects

ISLAMABAD: With first-quarter disbursements amounting Rs147 billion, the Planning Commission said on Wednesday it has sought advice from local and foreign stakeholders to reprioritise critical development projects for completion during the current fiscal year.

“The ministry has decided to invite proposals from sponsors, donors, divisions and executing agencies to provide a list of priority projects that need to be completed during this year,” said the Ministry of Planning, Development and Reforms on Wednesday.

In a statement, the commission said it has completed a review of funds released for development projects in July-September. It noted that the year-on-year increase in the amount of funds released in the first quarter was Rs37bn. Of the rupee component, Rs147bn has been released for 291 projects.

It said projects relating to transport and communication, water, social welfare, culture, higher education, sustainable development goals, special areas, food and agriculture, industries, minerals and the Earthquake Reconstruction and Rehabilitation Authority have been provided with maximum funds. It said the Planning Commission will ensure the availability of sufficient funds to fast-track the completion of Public-Sector Development Programme (PSDP) projects during the current fiscal year.

Courtesy By: https://dawn.com/

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