The federal government has reduced the Public Sector Development Programme (PSDP) by Rs50 billion, in addition to a previous reduction of Rs250 billion, bringing the total value down to Rs1,150 billion. This reduction comes as the country faces significant economic challenges, including a reliance on borrowing to fund salaries, pensions, and subsidies. Planning Minister Ahsan Iqbal has emphasized the need for exports-led growth and improving efficiency to address the country’s economic crisis .
Key Points:
- The Public Sector Development Programme (PSDP) has been reduced by Rs50 billion, in addition to a previous reduction of Rs250 billion.
- The total value of PSDP now stands at Rs1,150 billion.
- The country faces significant economic challenges, including a reliance on borrowing.
- Planning Minister Ahsan Iqbal has emphasized the need for exports-led growth and improving efficiency.
- The minister has suggested following the 5Es Framework to address the crisis, which includes Exports, E-Pakistan, Environment and Climate Change, Energy and Infrastructure, and Equity and Empowerment.
- Climate change has been identified as one of the biggest challenges facing the country.
