PM Imran chairs NEC meeting to review economic situation

ISLAMABAD: Prime Minister Imran Khan has chaired a meeting of the National Economic Council (NEC) to review the economic situation for the fiscal years 2019-20 and 2020-21.
According to a statement issued by the Press Information Department on Wednesday, PM Khan while chairing a meeting of the National Economic Council (NEC), urged the need to make sure close and seamless coordination between the federal and provincial governments during the finalization and implementation of the development projects.

The prime minister underscored the need for employing technology to monitor the progress of the ongoing projects.
He stressed the need for ensuring public participation in the development process through the provision of real-time information and getting their feedback on the implementation status of the projects.
He instructed that a biannual meeting of the NEC be ensured to review the progress of Public Sector Development Programme projects.
The NEC, while reviewing the state of the economy during the current fiscal year and the outlook for the upcoming one, approved the GDP growth target along with sectoral growth projections of agriculture, industry, and services for the fiscal year 2020-21.
The macroeconomic framework in the proposed Annual Plan 2020-21 was also approved.

The NEC was informed that this is the first time that PSDP includes only those projects that have already been approved by the relevant forums which are strictly in adherence with the best practices of planning.
The participants of the meeting were informed that PSDP projects for FY 2020-21 are especially focusing on the development of less-developed areas of the country including Balochistan, merged areas of Khyber Pakhtunkhwa, Gilgit-Baltistan and Azad Kashmir. The NEC also approved National Development Outlay 2020-21 and Federal PSDP.
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