May 24, 2019: Minister for Planning Khusro Bakhtyar has reaffirmed the government's commitment for balanced and equitable development in the country.
Chairing a meeting of Annual Plan Development Committee in Islamabad today (Thursday), he apprised participants about the challenging adjustment process which is constraining expanding development portfolio.
He, however, said the government is optimizing economic returns by investing in projects with high socio-economic return.
The Minister said climate change, clean green Pakistan, knowledge economy, human resource development, agriculture growth and regional equalization development programme will be given priority besides harnessing full socio-economic potential of CPEC.
He said growth strategy of the government is to create more opportunities for the poor and vulnerable and support regional equalization.
During the meeting, the Ministry of Planning gave an overview of the performance of the economy in current fiscal year and macro-economic targets for the next fiscal year.
The participants were informed that the government is making concerted efforts to stabilize the economy to correct structural imbalances and enhance long-term growth potential.
The meeting was told that the size of the national development outlay is proposed at 1.837 trillion rupees with provincial contribution of 912 billion rupees.
The Ministry of Planning also apprised the stakeholders about the underlying priorities of the development framework and presented federal public sector development programme for 2019-20 with an allocation of 675 billion rupees.
The meeting was informed that infrastructure continues to be the largest sector but social sector is also given importance according to the government priorities.
It was told that special importance will be given to the backward and remote areas especially Balochistan, South Punjab, Rural Sindh and Southern Khyber-Pakhtunkhwa. Projects under CPEC have been provided sufficient resources required for their completion as per schedule.
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