While expressing satisfaction over new initiatives taken to develop infrastructure in various sectors through public-private partnership, the head of the IPDF says more foreign investments will come in to the country through efforts being taken by IPDF, Ministry of Finance and the Planning Commission.
In a statement issued here, IPDF head Ghulam Murtaza Satti has said that on special instructions from PPP Co-Chairman Asif Ali Zardari, IPDF has accelerated its efforts in consulting with the Ministry of Finance and the Planning Commission.
"The Finance Ministry, Planning Commission and IPDF are working together by taking a co-ordinated strategy, so that private sector's potential participation in infrastructure development projects is ensured," he said. Satti expressed hope that with the pooling of their combined efforts, not only would ongoing infrastructure development projects under the PPP government be completed but new projects would be lined up.
The IPDF chief further stated that the Government of Pakistan has ensured a hundred per cent legal protection to investments in ongoing development projects in addition to offering a level-playing field to foreign investors in order to promote and develop infrastructure in Pakistan. The IPDF head said that the PPP procedures are not a novel concept, as almost all developing and developed countries have adopted this mechanism and achieved record developments in various sectors including transport, health, municipal services, railways, industry, construction.
He further said that given the fiscal constraints facing the government, to reduce the financial burden on it and to augment the Public Sector Development Programme, various proposals are under the consideration of the IPDF. These proposals would promote Public Private Partnerships and encourage private sector investments in order to accelerate the pace of infrastructure development in the country.-PR