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Business & Finance

Projects aimed at increasing water storage capacity to be given priority: PM reviews PSDP

  • Prioritises water storage and hydropower projects, emphasising major dams and performance-based budget allocations for development
Published Updated

Prime Minister Shehbaz Sharif said on Monday that projects aimed at increasing water storage capacity will be given priority.

A review meeting on the current year’s development budget and the Public Sector Development Programme (PSDP) projects for the upcoming fiscal year was held today in Islamabad under the chairmanship of Prime Minister Shehbaz Sharif, said the Prime Minister’s Office (PMO).

The meeting was informed about the progress on nationally significant water storage and hydropower projects, including the Dasu, Diamer-Bhasha, and Mohmand Dams.

“Water reservoirs and hydropower projects are among the top priorities for spending the development budget,” the PM was quoted as saying.

READ MORE: PM orders removal of impediments to execution of Diamer Bhasha Dam

Moreover, the meeting was briefed in detail on the review of the current year’s PSDP and the proposed development projects for the upcoming year, along with the funds required for them.

“Priority-based budget allocations for development projects will be provided to ministries demonstrating better performance,” the premier said.

The meeting was attended by Deputy Prime Minister and Foreign Minister Senator Ishaq Dar, Federal Ministers Ahsan Iqbal, Ahad Khan Cheema, Muhammad Aurangzeb, Rana Tanveer Hussain, Shaza Fatima Khawaja, Hanif Abbasi, Sardar Awais Khan Leghari, Mian Muhammad Moin Wattoo, Abdul Aleem Khan, Dr Khalid Maqbool Siddiqui, Minister of State Bilal Azhar Kayani, Special Assistant Haroon Akhtar, and relevant senior officials.

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