38 mega projects to be completed in FY20, PM told

ISLAMABAD: Prime Minister Imran Khan was briefed on Wednesday that a total of 170 projects would be completed during the ongoing fiscal year (FY20), out of which 38 were mega projects.

The PM was chairing a meeting to review progress on the Public Sector Development Programme (PSDP) in Islamabad on Wednesday.

The meeting reviewed in detail the release of funds to various corporations and authorities, as well as satisfactory results of the block allocations to Azad Kashmir and Gilgit Baltistan.

The PM was informed that an elaborate exercise has been carried out by the Planning Commission to extend support and facilitation to the Central Development Working Party (CDWP) and the Executive Committee of National Economic Council (ECNEC) projects.

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“A specific monitoring and evaluation setup is being established at the Planning Commission to ensure completion of all these projects within the timelines,” it was informed.

The meeting was briefed that an amount of Rs701 billion has been allocated for development projects under the PSDP for FY20.

It was apprised that powers have been given to the principal accounting officers for the release of funds for projects amounting less than Rs2 billion.

Speaking on the occasion, the PM stressed the need for optimal and timely utilization of funds allocated by the federal government under the PSDP.

He instructed the Planning Commission to come up with a monthly performance review report to determine the reasons behind the underutilisation of funds allocated for the vital PSDP programmes.

“Policies should be well-thought-out and harmonized so that desired results could be achieved,” he added.

Imran Khan stressed the need to enhance coordination among the ministries for the early and effective completion of projects.

He said economic development would ensure better opportunities for the country’s youth.

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