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Planning ministry for prioritizing inclusion of CPEC projects in PSDP 2021-22

Islamabad: According to a recent report, the Ministry of Planning and Development has directed all federal ministries and provincial government to prioritize the inclusion of CPEC projects in the Public Sector Development Program (PSDP) for 2021-22.

Read More: Cabinet panel bewails on slow progress on CPEC projects

It has been directed to the concerned officials to identify projects with achievable delivery dates for inclusion in the federal government’s development plan. According to the Public Finance Management Act 2019, projects that have yet to receive technical approves will not be included in the PSDP.

It is pertinent to mention that the executive has enhanced the approvals cap from Rs. 60 million to Rs. 2,000 million for the Departmental Development Working Party to facilitate timely approvals and eliminate potential cost overrun.

Read More: Joint panel to be formed to oversee CPEC

Also, the ministry has asked the concerned department ‘to notice the arrangements of 18 alterations while working out the undertaking astute recommendations for PSDP 2021-22’, according to the news source.

For more information, visit our website Property News.

 

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