Attracting investment: WB may fund Punjab infrastructure projects
World Bank Country Director Rachid Benmassoud expressed satisfaction over the performance of the Punjab Government that can serve as a role model for other provinces and also signalled that the bank can provide funds for development projects in Punjab.
He said this while addressing a meeting on development schemes worth $991.25 million at the Planning and Development Department Punjab, says a press release.
In the meeting, officials of a World Bank mission and the provincial government reviewed the progress of the projects. These included the Punjab Municipal Services Improvement Project costing $50 million, Jinnah Barrage and other barrages costing $145.60 million, Land Record Management and Information System Project worth $45.65 million, Punjab Irrigated Agriculture Productivity Improvement Programme worth $250 million and others.
Published in The Express Tribune, October 23rd, 2012.
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We should appreciate the efforts of Shahbaz Sharif. At least he is trying to improve Punjab, If PML(N) is given a chance in next elections all these reforms will come in the whole country.
*Now Shahbaz Shareef is Working hard for the betterment of Punjab He should be the next CM of Punjab or Pm of Pakistan Inshaallah Best wishes Mian Muhammad Shahbaz Shareef.*
our great leader shahbaz sharif.........
Shahbaz Shareef is Working hard for the betterment of Punjab He should be the next CM of Punjab or Pm of Pakistan Best wishes Shahbaz Shareef
Why not everyone learn from Success of Shebaz Shareef. simple philosophy is less corruption and good planning. I salute Shehbaz Shareef for his hard work done in Punjab. This would be example for other provinces to follow or even can perfom more better. Good Luck SS.
means more QARZA and more bridges :)
No doubt Punjab is performing way better than other provinces. I belong to Sindh and I really feel we should have better administration and governance.
When given a chance in the 1990s to govern Pakistan, PMLN more than delivered on all fronts. Major reforms took place in the banking sector, taxation, foreign exchange regulations, the telecom sector, import and export, aviation industry and other segments of business saw unprecedented growth. There was a major thrust on privatisation and deregulation. As a result of this, the economy boomed with a GDP growth of eight per cent in 1992 — the highest for any civilian government since independence. Although taxes were lowered for all segments, including the corporate sector, by 1999, Pakistan had achieved a tax-to-GDP ratio of 13.4 per cent, which has now fallen to just nine per cent and is a major stumbling block towards investment in social sectors as well as infrastructure projects. On the foreign relations front, major policy initiatives were undertaken, including the peace process with India, culminating in Indian prime minister Atal Bihari Vajpayee’s visit to Pakistan in February 1999 and the signing of the Lahore Declaration. If the Kargil adventure had not taken place, the Lahore Declaration would have enabled Pakistan and India to forge closer trade and economic relationships with millions on both sides of the border benefiting from the economic boom.