BR100 Increased By (1.77%)
BR30 Increased By (1.96%)
KSE100 Increased By (1.59%)
KSE30 Increased By (1.65%)
BECO 5.62 Increased By ▲ 0.04 (0.72%)
BML 59.51 Decreased By ▼ -1.71 (-2.79%)
BOP 34.61 Increased By ▲ 0.93 (2.76%)
CNERGY 8.08 No Change ▼ 0.00 (0%)
DCL 12.05 Increased By ▲ 0.41 (3.52%)
FCCL 54.40 Increased By ▲ 2.26 (4.33%)
FCSC 5.52 Decreased By ▼ -0.11 (-1.95%)
FFL 18.05 Increased By ▲ 0.04 (0.22%)
FNEL 1.33 Decreased By ▼ -0.02 (-1.48%)
HUMNL 11.07 Increased By ▲ 0.03 (0.27%)
KEL 8.05 Increased By ▲ 0.21 (2.68%)
KOSM 5.88 Increased By ▲ 0.15 (2.62%)
MLCF 90.52 Increased By ▲ 4.01 (4.64%)
NBP 190.17 Increased By ▲ 5.87 (3.19%)
PACE 11.53 Decreased By ▼ -0.12 (-1.03%)
PAEL 41.07 Increased By ▲ 1.11 (2.78%)
PIAHCLA 25.84 Increased By ▲ 0.17 (0.66%)
PIBTL 17.51 Increased By ▲ 0.24 (1.39%)
PPL 225.84 Increased By ▲ 3.17 (1.42%)
PRL 34.63 Increased By ▲ 0.17 (0.49%)
PTC 64.62 Increased By ▲ 0.88 (1.38%)
SEARL 91.38 Increased By ▲ 0.92 (1.02%)
SSGC 26.97 Increased By ▲ 0.30 (1.12%)
TELE 8.93 Increased By ▲ 0.02 (0.22%)
THCCL 69.16 Increased By ▲ 0.69 (1.01%)
TPLP 10.90 Decreased By ▼ -0.30 (-2.68%)
TREET 24.64 Decreased By ▼ -0.06 (-0.24%)
TRG 69.78 Decreased By ▼ -0.81 (-1.15%)
WAVES 11.16 Increased By ▲ 0.05 (0.45%)
WTL 1.27 No Change ▼ 0.00 (0%)

ISLAMABAD: The World Bank has rated the overall implementation progress of the Khyber-Pakhtunkhwa Human Capital Investment Project worth $200 million moderately unsatisfactory.

The objective of the project was to improve availability, utilisation, and quality of primary healthcare services and elementary education services in selected districts of Khyber-Pakhtunkhwa.

However, progress towards achievement of PDO as well as overall implementation progress is moderately unsatisfactory, official documents of the bank revealed.

Human Capital Index: Pakistan’s value lower than South Asia’s average: World Bank

The project has three components, component 1- improving delivery of quality primary health care services (cost $77.20 million), component 2—improving availability and quality of education services (cost $109 million), component 3 —strengthening community engagement and accountability (cost $13.80 million). The World Bank’s Board of Executive Directors approved the project in June 2020, while closing date is 30 June 2025.

Documents further stated that from May 22 - June 2, 2023 an implementation support mission was fielded. Based on the findings of the mission, project ratings were adjusted downwards. A clear set of time-bound actions were agreed upon to bring the project back on track to meet its development objectives.

Immediate and critical next steps include approval of revisions to the Education PC-1 by the Central Development Working Party (CDWP) and subsequent, approval of both Health and Education PC-1s by Executive Committee of the National Economic Council (ECNEC).

This will be followed by completion of the project restructuring as requested by the government. The mission recommended a third party monitoring firm to support project implementation.

Copyright Business Recorder, 2023

Comments

Comments are closed for this article.