Govt to include private sector proposals in PSDP

Better coordination between public, private sectors needed to resolve issues

ISLAMABAD:

The planning ministry, as the government’s investment arm, is keen to align private sector demands with the Public Sector Development Programme (PSDP), said Planning Commission Private Sector Development Member Asim Saeed.

In order to do that, the private sector would have to be forthcoming so that its demand-based proposals may be incorporated into the PSDP through relevant ministries, he said.

His remarks came during a meeting of the Industry and Enterprise Sub-Committee of the National Advisory Committee of the Planning Commission. Also speaking on the occasion, Competition Commission of Pakistan (CCP) Chairperson Rahat Kaunain Hassan, endorsing the importance of a mapping exercise to find out private sector’s needs, highlighted that the CCP had not received any report of an industry being uncompetitive due to Covid-19. “This shows the resilience of our industrial sector,” she added.

Meanwhile, Sustainable Development Policy Institute Executive Director Abid Qaiyum Suleri said that better coordination and cooperation between the public and private sectors was the need of the hour to resolve various issues being faced by the private sector.

“The sub-committee is one such forum that may serve as a bridge between both sectors. This bridging is critically important, especially to foster trade and business activities after Covid-19,” he added.

Representatives of different industrial sectors showed optimism that their business activities were getting normalised after the first wave of Covid-19.

Published in The Express Tribune, February 25^th, 2021.

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