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Govt plans raising funds for mega projects

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Staff Reporter

On the directives of the Prime Minister, the Punjab government has decided to raise funds for megaprojects through the sale and lease of land, and in this regard issued instructions to the relevant departments to identify lands and prepare a strategy for its use.
An important meeting held at the Civil Secretariat here on Wednesday deliberated on ways to generate funds for the megaprojects through the sale and lease of the government’s land. Punjab Finance Minister Makhdoom Hashim Jawan Bakht virtually participated in the meeting that was attended by the Punjab Chief Secretary, administrative secretaries of different departments including Finance, Irrigation, Agriculture, Livestock, Auqaf, and Cooperatives, Secretary Colonies, and chairperson of Punjab Cooperatives Board for Liquidation.
Speaking at the meeting, the Provincial Minister said that timely completion of development projects is the priority of the Punjab government, and work on uplift schemes in the province is underway at a fast pace.
The chief secretary said that as per law use of government land in the public interest would be ensured. He directed that a comprehensive plan be formulated for the lease and sale of state land. He said that as per the directions of the Prime Minister and the Punjab Chief Minister, the provincial government is following the agenda of a ‘uniform development’ throughout the province, and availability of funds would help ensure timely completion of megaprojects.

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