KARACHI: At the recent meeting of the Public Accounts Committee, revelations about over a dozen projects worth Rs7.9 trillion, initiated by the federal government and still awaiting completion, were made. The cost of these projects has doubled over the period and will continue to cause losses to the exchequer till their completion. It is doubtful whether they will ever be completed given that the schemes were ill-planned and lacked provision of the resources required.
The Public Sector Development Programme announces new schemes and projects without having any checks and balances in place for its resources and finance. From the draft being made for the approval of a scheme till its actual approval the cost already increases manifold given the tedious task the whole procedure is. Hence, many of the projects and programmes left incomplete by the government are mostly discarded by the next one, making the billions spent go to waste. Further, in the stated case the centre should be held responsible for the delay and the increase in cost. However, things for most of the provincial governments’ projects is no different. When similar issues engulf both the federal and provincial governments the two should seek a mutually-agreed solution to the problem.
Azhar Rizvi
Published in The Express Tribune, October 26th, 2017.
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Source: Tribune News | Bad planning
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