Finance Minister chairs meeting on infrastructure projects financing

Finance Minister chairs meeting on infrastructure projects financing

 

Islamabad, January 22, 2017 (PPI-OT): Federal Finance Minister, Senator Mohammad Ishaq Dar, chaired a meeting to review the financing of infrastructure projects in the country, here today. Finance Secretary briefed the Minister on the status of financing of major infrastructure projects in the country. He also presented various measures and options for financing of various projects in the pipeline.

Finance Minister stated that while the government has substantially increased financing for infrastructure development, yet the physical infrastructure would continue to require further improvement for which greater resources would be required. The Minister stressed on the need for efficient utilization of resources and stated that timely completion of development projects was imperative to get maximum benefit from them.

He directed the Ministry to explore new and innovative ways of financing infrastructure development. He also directed the Ministry to consult various stakeholders and finalize the broad contours of infrastructure financing policy, which should form the basis for infrastructure financing in the future. The meeting was attended by Secretary Economic Affairs Division, Special Finance Secretary and other senior officials of Ministry of Finance.

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