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Large scale strategic projects a priority: Asad


Large scale strategic projects a priority: Asad
Minister says govt committed to accelerating policies to enhance social wellbeing of people 
July 17, 2021
ISLAMABAD:
Minister for Planning Development and Special Initiatives Asad Umar on Friday informed the Senate that the government was committed to accelerating policies and programmes to enhance the social wellbeing of people while ensuring that no one was left behind.
In a written reply to a query, the minister stated that the major thrust of public sector investment under the Federal Public Sector Development Programme (PSDP) after the 18th amendment was on the funding of large scale strategic projects of national interest. ....

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Evolving sustainable growth model - Newspaper


With the ministries of finance and planning on the same page, the production sectors are expected to be placed at the centre of the forthcoming federal budget growth strategy in a bid to put the economy on a sound footing.
In recent decades, economic growth has predominately been driven by consumption while on the supply side, the contribution of investment, production and exports to GDP expansion has remained much below their potential.
The domestic demand is met with huge imports of foreign goods and services that have no share in GDP. Though the inflows of workers’ remittances have positive effects on economic growth, it is primarily through the consumption channel, while the investment channel is not found significant, say a working paper central bank researchers Sarmad Ellahi and Muhammad Omer. ....

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