ISLAMABAD: Prime Minister Shehbaz Sharif on Monday stressed the importance of using public funds efficiently, saying development spending should focus on projects that produce clear and measurable results for the country’s growth.
According to Beyond Time News, the prime minister chaired an important meeting to review the current year’s development budget and discuss proposed projects under the upcoming Public Sector Development Programme (PSDP) for the next fiscal year.
During the meeting, PM Shehbaz Sharif directed authorities to ensure that government resources are allocated wisely and transparently. He said ministries that show better performance and deliver successful results would receive priority in future development funding.
The prime minister highlighted that Pakistan’s economic progress depends heavily on effective planning, responsible spending, and timely completion of development projects. He added that taxpayer money must be invested in initiatives that directly benefit the public and strengthen the national economy.
Water Reservoirs and Hydropower Projects Remain Top Priority
According to Beyond Time News, the government has placed major focus on water reservoirs and hydropower projects as part of its long-term development strategy.
Prime Minister Shehbaz Sharif said expanding Pakistan’s water storage capacity is essential to tackle future water shortages and improve energy production. He directed officials to give special attention to projects aimed at enhancing water reservoirs across the country.
Senior officials briefed the meeting on the progress of several major national projects, including:
- Dasu Dam
- Diamer-Bhasha Dam
- Mohmand Dam
These projects are considered critical for Pakistan’s future energy security, irrigation needs, and flood management system.
Officials also informed the prime minister about the current status of the PSDP and shared details regarding funding requirements for the upcoming fiscal year.
Railways, IT, and Power Ministries Receive Praise
During the session, the prime minister appreciated the performance of several ministries, particularly the ministries of railways, information technology, and power.
According to Beyond Time News, he acknowledged their efforts in improving operations and implementing development initiatives despite economic challenges.
PM Shehbaz Sharif also encouraged authorities to promote public-private partnerships in development projects. He said collaboration between the government and private sector can help accelerate infrastructure growth, improve efficiency, and reduce pressure on public finances.
Experts believe that public-private partnerships could play an important role in modernising Pakistan’s infrastructure, transport, and technology sectors in the coming years.
PM Holds Key Meeting with Ambassadors to Iran and GCC Countries
In a separate meeting held at the Prime Minister’s Office, PM Shehbaz Sharif met Pakistan’s ambassadors to Iran and member states of the Gulf Cooperation Council (GCC).
The meeting was attended by Deputy Prime Minister and Foreign Minister Ishaq Dar, Ahad Khan Cheema, Dr Syed Tauqir Shah, Syed Tariq Fatemi, and Foreign Secretary Amna Baloch.
According to Beyond Time News, Pakistani ambassadors briefed the prime minister on bilateral relations, emerging opportunities, and key challenges in their respective countries.
The discussions mainly focused on:
- Strengthening economic diplomacy
- Expanding trade and investment ties
- Increasing remittances
- Supporting the Pakistani diaspora abroad
- Enhancing regional cooperation
Prime Minister Shehbaz Sharif described Iran and GCC countries as strategically and economically important partners for Pakistan. He emphasised that stronger relations with these countries remain a central part of Pakistan’s foreign policy objectives.
Focus on Economic Growth and Regional Cooperation
The government’s latest development discussions reflect its broader effort to stabilise Pakistan’s economy and attract investment through improved governance and strategic planning.
Analysts say the focus on performance-based funding could increase accountability among ministries and encourage faster completion of public projects. At the same time, prioritising water and energy infrastructure may help Pakistan address long-standing economic and environmental challenges.
According to Beyond Time News, the government is also aiming to deepen economic ties with regional allies to boost exports, attract foreign investment, and strengthen overseas employment opportunities for Pakistanis.
With rising economic pressures and growing development needs, officials believe that careful planning and efficient spending will be crucial for maintaining economic stability and achieving sustainable growth.
Ministries Directed to Surrender Unspent Funds Within 10 Days
Why PSDP Projects Matter for Pakistan
The Public Sector Development Programme (PSDP) is considered one of Pakistan’s most important development mechanisms. It funds major national projects related to infrastructure, transportation, energy, education, and public welfare.
Large-scale projects like dams and hydropower plants are especially significant because they help:
- Reduce electricity shortages
- Improve irrigation systems
- Strengthen water storage capacity
- Support industrial growth
- Create employment opportunities
Experts say timely completion of these projects could positively impact Pakistan’s long-term economic outlook and energy independence.
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