Economic Coordination Committee approves ‘Infrastructure Finance Policy Pakistan 2017’

Islamabad, January 31, 2017 (PPI-OT):The Federal Minister for Finance Senator Mohammad Ishaq Dar chaired the meeting of the Economic Coordination Committee of the Cabinet here at the Prime Minister’s Office this evening. ECC considered and approved the “Infrastructure Finance Policy Pakistan 2017”. Under the said policy a sound and long-term infrastructure finance framework has been provided that caters to both demand and supply side of finance and it is designed to attract Foreign Direct Investment and mobilize private financing for public infrastructure.

The policy envisages phase-wise intervention in the following areas to increase the quantum of infrastructure financing flows:

Forward looking policy framework for infrastructure finance

Good practices infrastructure projects initiation framework

Enhanced financial intermediation for infrastructure investment

Strengthening of development finance framework

This policy is intended to have particular focus on infrastructure sub-sectors more suited to private sector investment and finance namely transportation facilities (including but not limited to ports, terminals, airports, railways, water-ways and toll roads), energy (oil and gas, thermal, hydro and other renewable power infrastructure) and telecommunications (e.g. fibre optics).

The Finance Minister hoped that the approval of the policy would help the government to increase infrastructure investments. It would facilitate and increase the role of the private sector in the infrastructure development structure.

For more information, contact:
Principal Information Officer
Press Information Department (PID)
Tel: +92-51-9252323 and +92-51-9252324
Fax: +92-51-9252325 and +92-51-9252326
Email: piopid@gmail.com

Leave a Reply