Investment in infrastructure is well recognized as the most effective accelerator and essential driver of long-term and sustainable economic growth and development. Conversely, inadequate infrastructure hurts growth and trade, while resulting in wide-ranging inefficiencies and productivity losses and, in turn, lower tax receipts for governments and nation-states. At 2.1 percent… Read More

In Pakistan, most of the public sector infrastructure related development projects are financed through development expenditures of the three-tiered government system (Federal, Provincial and Local). The portion of the budget allocated for development spending, the Public Sector Development Program (PDSP), is controlled by a centralized Planning Commission, which assesses the… Read More