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Pak economy in bad shape no more a revelation due to poor performance in public sector: Report ANI | Updated: Apr 21, 2021 23:21 IST
Islamabad [Pakistan], April 21 (ANI): Pakistan s economy is in bad shape is no more a revelation, as its project performance dropped to just 58 per cent in the duration of 2018-20, from 70 per cent in 2017-19 due to poor performance in the Public Sector Management (PSM) and water sectors.
An editorial published in The News International published on Wednesday read: Pakistan s economy is in bad shape is no more a revelation, but the Independent Evaluation Department (IED) s report of the Asian Development Bank (ADB) is revealing in its contents. In its latest report, the ADB has disclosed that Pakistan s project performance dropped to just 58 per cent in the duration of 2018-20, from 70 per cent in 2017-19.
Top Story
April 17, 2021
ISLAMABAD: The Independent Evaluation Department of the Asian Development Bank (ADB) has disclosed that Pakistan’s project performance dropped to 58pc in 2018-2020 from 70pc in 2017-2019 due to poor performance in the Public Sector Management (PSM) and water sectors.
This poor performance shows that Islamabad had to pay multimillion dollars on account of commitment charges under the PTI-led regime. The ineffective implementation has witnessed a surge in the penalty amount in the last few years.
According to IED of ADB report on Friday, Pakistan’s country partnership strategy final review validation (CPSFRV) 2015–2019 rated the country program less than successful. The challenging political environment and a succession of boom-and-bust economic cycles have hampered Pakistan’s development progress.
Top Story
April 17, 2021
ISLAMABAD: The Independent Evaluation Department of the Asian Development Bank (ADB) has disclosed that Pakistan’s project performance dropped to 58pc in 2018-2020 from 70pc in 2017-2019 due to poor performance in the Public Sector Management (PSM) and water sectors.
This poor performance shows that Islamabad had to pay multimillion dollars on account of commitment charges under the PTI-led regime. The ineffective implementation has witnessed a surge in the penalty amount in the last few years.
According to IED of ADB report on Friday, Pakistan’s country partnership strategy final review validation (CPSFRV) 2015–2019 rated the country program less than successful. The challenging political environment and a succession of boom-and-bust economic cycles have hampered Pakistan’s development progress.
National
April 17, 2021
ISLAMABAD: The Independent Evaluation Department of the Asian Development Bank (ADB) has disclosed that Pakistan’s project performance dropped to 58pc in 2018-2020 from 70pc in 2017-2019 due to poor performance in the Public Sector Management (PSM) and water sectors.
This poor performance shows that Islamabad had to pay multimillion dollars on account of commitment charges under the PTI-led regime. The ineffective implementation has witnessed a surge in the penalty amount in the last few years.
According to IED of ADB report on Friday, Pakistan’s country partnership strategy final review validation (CPSFRV) 2015–2019 rated the country program less than successful. The challenging political environment and a succession of boom-and-bust economic cycles have hampered Pakistan’s development progress.