Pakistan Launches 5.2 Trillion Rupee Investment Plan: Projects Involving Optical Fiber, 5G, etc.
Recently, Pakistan launched a three-year development plan (PSDP PLUS), which involves 53 large-scale projects with a total investment of Rs 5.2 trillion (approximately US $ 33.6 billion), which will be implemented in the fiscal years 2020-2023. Pakistani Prime Minister Imran Khan has approved the plan in principle, and requested that in addition to the large-scale infrastructure projects in the development plan, relevant departments should also launch more infrastructure projects to promote economic development.
In order to better implement the economic development plan, Pakistan will vigorously improve the investment environment, provide more convenience for corporate investment, and turn it into profitable participation in infrastructure activities. Instead, the existing investment rules and regulations will be revised, a strong government-social capital partnership (PPP) will be established in the economic field, and government ownership will provide preferential policies in land use.
It is reported that the development plan mainly includes road construction, port ancillary facilities, energy facilities, construction of optical fiber networks, 5G services, development of holiday destinations, and railway, mining, transportation and agricultural projects.