PM Shehbaz directs acceleration of development projects through PPP

ISLAMABAD: Shehbaz Sharif has directed authorities to fast-track development projects across the country through enhanced use of Public-Private Partnerships (PPP).

The directive came during a high-level meeting chaired by the prime minister to review progress and reforms in the PPP framework. Key decisions were taken to improve efficiency and coordination within the system.

The meeting granted in-principle approval to further streamline the Public Private Partnership Authority and integrate its structure more effectively.

It was also decided that the authority will operate under the Privatization Division to align its performance with modern requirements and accelerate project execution.

The prime minister instructed relevant ministries and departments to strengthen their capacity for initiating and managing development projects under the PPP model.

He further directed that such projects should be made part of institutional Key Performance Indicators (KPIs) to ensure accountability and progress.

Shehbaz Sharif emphasized that reforms through P3A aim to make the PPP system more transparent and efficient, enabling faster delivery of infrastructure and development initiatives.

During the meeting, officials presented a comparative analysis of PPP models adopted in various countries, along with a briefing on the proposed new framework. It was informed that under the revised structure, P3A will be overseen by the Cabinet Committee on Privatization and the Privatization Division.

The prime minister directed authorities to expedite implementation of the newly approved system.