Rs280bn to be allocated for PSDP: Deputy Chairman PC

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 forthcoming budget 2011-12.

Talking to Pakistan Television (PTV), he said a comprehensive growth strategy would be presented on Saturday in the National Economic Council (NEC) meeting to find alternate resources for economic growth.

He said that many economic reforms were implemented during the last fiscal year which had helped reduce load-shedding in the country.

He said that circular debt had been reduced while a new cooperative governance system was established to improve the power sector.

The Deputy Chairman said that privatization of public institutions was being done all over the world.

He stressed the need for attaining progress through public- private partnership in the country.

He called for inviting private investment by utilizing a proper framework for maintaining stability in the economic sector.

Copyright APP (Associated Press of Pakistan), 2011