Federal Minister for Planning, Development and Special Initiatives chaired a meeting to review the progress of foreign financed projects, here today. Minister for Economic Affairs, Secretary Planning, Secretary Economic Affairs and other senior officials participated in the meeting.
The Minister stated that the Planning Commission and Ministry of Finance considerably liberalized the process of release of development funds which had given greater independence to the Ministries to carry out their developmental work. He said that EAD should also carry out a review of foreign financing and expedite the implementation of the foreign assistance portfolio. The issues hampering the implementation of projects, if any, should be resolved earnestly.
He directed Planning Commission and EAD to jointly carryout a review of the projects with a focus on making the planning, implementation and monitoring more robust.
The meeting was informed that the budgeted foreign assistance was being disbursed as per the planned schedule.
The Minister emphasized that all the available resources should be fully utilized in a timely manner with a view to maximize their benefits.
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