Islamabad: Feb 18, 2022 (TNS): Minister for Economic Affairs Omar Ayub Khan has emphasized on timely completion of foreign-funded projects in Punjab.
He was chairing the meeting of National Coordination Committee on Foreign-Funded Projects and reviewed the projects being implemented by the Government of Punjab.
The meeting was informed that at present, the Government of Punjab is implementing 24 development foreign-funded projects amounting to 6,079 million dollars financed by Asian Development Bank, World Bank, International Fund for Agricultural Development, China, France, Japan and United Kingdom.
The meeting also reviewed the compliance status of committee’s previous decisions.
Out of 24 projects, the progress of 17 projects was rated as satisfactory, 4 projects as partially satisfactory whereas 3 projects were identified as problematic.
The Committee also showed its serious concerns on the slow progress of Water Resource Project, Faisalabad.
Speaking on the occasion, the Minister directed the line departments to strictly follow the timelines for expeditious implementation of the development projects.
He emphasized that development projects must be executed in timely and efficient manner so that people can benefit from these projects without any delay.
The Minister further directed to enhance the capacity of Project Management Units and prepare Gantt Charts for effective monitoring of the projects.
