The IMF Mission which visited Pakistan reportedly appreciated China Pakistan Economic Corridor (CPEC) for increasing energy production in its initial phase saying that the fund would aid in achieving sustained economic growth.
IMF Mission led by Harald Finger met with Federal Minister for Planning, Development, and Reform Makhdum Khusro Bakhtyar during his visit.
Bakhtyar said the economic and social objectives of the present government were to protect and provide relief to marginalized segments of the society by prioritizing human resource development, social security and job creation.
He told the mission head that the PSDP had been rationalized and the throw forward liability of PSDP was brought down to a manageable level.
An emphasis is being laid on attracting investments in areas where it can lead to a direct impact on exports or reducing the import bill. New ways of financing were also being explored. The projects that are run on imported fuel will not be encouraged.
Also, the government was also paying attention to improving electricity transmission system in the wake of increased power generation capacity, he said.
The mega projects under CPEC have now entered into its second phase with a focus on industrialization, socio-economic initiatives, and joint ventures, especially in the agriculture sector to increase productivity as well as improve irrigation network system.
