President of the Islamabad Chamber of Commerce and Industry (ICCI), Sardar Tahir Mehmood, has emphasized that public-private partnerships (PPPs) have become a globally recognized instrument for accelerating economic growth, infrastructure development, and sustainable investment. He made these remarks during a presentation organized under the ICCI Sister Cities Initiative.
Pakistan's Investment Needs
Mehmood observed that Pakistan requires significant investment in transport, energy, urban infrastructure, healthcare, education, housing, and municipal services. He added that the PPP model offers an effective mechanism to mobilize private capital, enhance efficiency, and support long-term development objectives.
Role of Public-Private Partnership Authority
Mohammad Awais, Deputy Head Policy at the Public Private Partnership Authority (P3A), highlighted the evolving PPP landscape in the country. He briefed participants on the general concepts of PPPs, the regulatory framework, institutional mechanisms, and the development cycle of PPP projects. Awais emphasized that P3A is committed to creating an enabling environment that promotes private sector participation, strengthens investor confidence, and facilitates the implementation of viable and sustainable infrastructure initiatives.
ICCI's Commitment to Synergy
Sardar Tahir Mehmood reiterated that ICCI remains steadfast in its efforts to build stronger synergies between the public and private sectors through dialogue, knowledge-sharing platforms, and investment-focused initiatives. He noted that the ICCI Sister Cities Initiative serves as an important avenue for fostering institutional cooperation, promoting innovation, and facilitating the exchange of expertise for economic advancement.
Awareness of Financing Mechanisms
Sajid Iqbal, Convener of the ICCI Sister Cities Initiative, said that creating awareness about innovative financing mechanisms and investment models is essential for unlocking Pakistan's development potential. The session was attended by members of the ICCI Executive Committee, investors, developers, representatives of financial institutions, consultants, and business leaders.
Rs570 Million Grant Approved
In a related development, a grant of Rs570 million has been approved for the restoration of infrastructure in small industrial estates. This funding is expected to support the improvement of facilities and attract further investment in these areas.
The Collectorate of Customs (Enforcement) in Hyderabad also recorded strong operational performance, though details were not provided in the session.
