Punjab to Monitor 7,000 Development Schemes Through Private Firms
According to news reports, on the orders of Prime Minister Imran Khan, the Punjab administration has decided to oversee 7,000 current development projects in the state. Private organizations would be hired for Third Party Verification (TPV) and monitoring using 790 million Pakistani rupees.
This project’s oversight has been delegated to the Director-General (DG) of Monitoring and Evaluation, and the Standing Cabinet Committee on Finance has granted the fund’s formal approval. The budget for annual development will soon include cash for the monitoring project.
According to the disclosed information, the project’s objective is to improve public expenditure while retaining government spending openness. In addition, this is the first time in Punjab’s history that such a big sum of money is being spent on monitoring programmes.
As the government has provided billions of rupees in funding for numerous road infrastructure and development projects, various government authorities have made repeated demands to prevent the misappropriation of public funds.
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