Business

ISLAMABAD – Federal Finance Minister, Senator Mohammad Ishaq Dar chaired a meeting on Sunday to review the financing of infrastructure projects in the country.

The Finance Secretary briefed the minister on the status of financing of major infrastructure projects in the country. He also presented various measures and options for financing of various projects in the pipeline.

The finance minister stated that while the government has substantially increased financing for infrastructure development, the physical infrastructure will continue to require further improvement for which greater resources would be required.

He stressed on the need for efficient utilization of resources and stated that timely completion of development projects was imperative to get maximum benefit from them. He directed the ministry to explore new and innovative ways of financing infrastructure development.

He also directed the ministry to consult various stakeholders and finalize the broad contours of infrastructure financing policy, which should form the basis for infrastructure financing in the future.

The meeting was attended by Secretary Economic Affairs Division, Special Finance Secretary and other senior officials of Ministry of Finance.