Investing in infrastructure
Saturday, June 6, 2009
Dawn, Pakistan
Saturday, 06 Jun, 2009
THE federal government will spend Rs421bn to build socioeconomic infrastructure under its Public Sector Development Programme during the next fiscal. Such measures are even more crucial in these times of economic slowdown and falling private investment. The PSDP spending must kick-start the economy and revive growth, which is projected to drop to just two per cent this year from 5.8 per cent last year. Also, it is a tool to help remove structural rigidities and imbalances like energy and communication infrastructure shortages that have hampered economic growth in the past. Besides, it can create thousands of new jobs and alleviate poverty.
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Saturday, 06 Jun, 2009
THE federal government will spend Rs421bn to build socioeconomic infrastructure under its Public Sector Development Programme during the next fiscal. Such measures are even more crucial in these times of economic slowdown and falling private investment. The PSDP spending must kick-start the economy and revive growth, which is projected to drop to just two per cent this year from 5.8 per cent last year. Also, it is a tool to help remove structural rigidities and imbalances like energy and communication infrastructure shortages that have hampered economic growth in the past. Besides, it can create thousands of new jobs and alleviate poverty.
Read More
Labels: Budget, Communication, Economy, Energy, Infrastructure
posted @ 9:56 AM,
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