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Tuesday, August 2, 2011

Govt planning to close PSDP projects Haque says money reason behind consideration

ISLAMABAD: Almost after a month, the government has decided to temporarily stop work on some Public Sector Development Programmes (PSDP) 2011-12 projects in various departments.

Planning Commission (PC) Deputy Chairman Nadeem-ul-Haque told Online On Monday that the reason behind the decision to consider closing of certain projects is lack of resources and nothing else.
“Meetings with various departments have been going on since Saturday, however, so far nothing was finalized and no decision leading to close a particular project was finalized,” he added.
Sources in the PC said that those projects works on which carried out less than 30 percent would be closed.
For this end, the PC officials had started meetings with various departments including finance ministry, information ministry, Pakistan Railway and others, the sources informed. The meeting would continue for next three days, they informed.
Sources, however, said that the projects that are continuing for long and more than 30 percent work on it was also completed would not be disturbed.
It is pertinent to mention that war against terrorism, corruption, low tax collection and few other factors have badly affected Pakistan’s economy affecting development in various sector. Online