Prime Minister Shehbaz Sharif has given in-principle approval to further integrate the Public-Private Partnership Authority (P3A) and its related system to accelerate development projects through public-private partnership (PPP) in Pakistan.
The development came during a high-level meeting chaired by Prime Minister Shehbaz Sharif held to accelerate development projects through public-private partnership in the country, read an official statement on Tuesday.
It was decided in the meeting that, in order to align P3A’s performance with modern requirements and accelerate development projects under the PPP mode, the authority will function under the Privatisation Division.
The PM directed authorities to improve the capacity of relevant ministries and departments in terms of launching development projects through public-private partnerships. He further directed that PPP-based development projects be made part of the Key Performance Indicators (KPIs) of ministries and departments.
The meeting was presented with a comparison of public-private partnership models prevalent in different countries in the region and globally.
The participants were also briefed on the features of the proposed new system.
Under the new system, P3A will be overseen by the Cabinet Committee on Privatisation and the Privatisation Division.
The prime minister directed the acceleration of progress on the implementation of the newly approved system.
The meeting was attended by Federal Ministers Dr Musaddiq Malik, Azam Nazir Tarar, Ahad Khan Cheema, Muhammad Aurangzeb, Ahsan Iqbal, Advisor to the Prime Minister Muhammad Ali, Minister of State Bilal Azhar Kayani and relevant senior officials.
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