PM wants export-oriented development budget 2023-24

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday issued clear directions to include on priority such projects in the upcoming development budget that help in ensuring import substitutions, expanding export volume, and bringing innovation in various sectors.

The prime minister also directed to allocate special funds in the development programme for the welfare and development of the country’s youth, the official news agency said.

Chairing a meeting to review the budget proposals with respect to the Public Sector Development Programme (PSDP) 2023-24, Shehbaz Sharif said that in the upcoming budget, projects relating to higher education, professional training and job creation for the youth must be added in the programme.

He also asked for the establishment of Pakistan Endowment Fund to provide higher education to the youth.

The laptop programme should also be included in the upcoming PSDP to distribute free laptops among the top performing students to equip them with the modern technology skills, he added.

He said through the endowment fund, the youth should be given professional and higher education besides skilled based training in IT sector.

The prime minister also stressed the need to give special importance to merit and transparency while providing scholarships and education to the youth.

PM Shehbaz directed to continue the projects initiated under the Kissan Package while renewable energy projects should also be made part of the development budget.

The prime minister also directed to allocate special funds in the upcoming budget for projects to bring innovation in the energy sector.

He said all the slow moving ongoing projects under the PSDP that had lost their importance should be removed from the development budget.

All stakeholders of the relevant sectors and the allied parties should be consulted before including any development project in the budget and their proposals should also be considered, the prime minister directed.

Earlier, the meeting was briefed in detail on the proposals for adding new projects in the upcoming fiscal year and progress on the ongoing projects.

It was informed that as per the direction of the prime minister, projects related to the agriculture sector, renewable energy, higher education for youth, professional training and job raising schemes would be important part of the development budget.

The meeting was further told that the IT sector development and export boosting projects would also be part of the development budget.

Shehbaz Sharif was informed that the Prime Minister Kissan Package and Youth Empowerment Programme that were included in the budget 2022-23 were yielding fruit now as over 60,000 youth were being provided internship in various government development projects whereas the production of wheat broke the 10-year record this year.

The meeting was attended by federal ministers Ishaq Dar, Khawaja Asif, Ahsan Iqbal, Rana Sanaullah and Rana Tanvir Hussain, Advisor Ahad Khan Cheema, Special Assistants to Prime Minister Malik Ahmad Khan, Ataullah Tarrar and Jehanzeb Khan and other relevant officials.