Public Private Partnerships of Pakistan
It has long been acknowledged by the Government of Pakistan that the country requires significant infrastructure developments in order to sustain economic and social development planned in Pakistan’s Medium Term Development Framework (2005–10). Before this, the government had estimated that funding from public sources alone could contribute less than 50 per cent of the infrastructure investment that the country requires. This, in turn, has required a combination of serious policy reforms to encourage private sector participation in infrastructural development projects.
In November 2007, the government introduced the initial Pakistan Policy on Public Private Partnerships, which aimed to promote public–private partnerships in the country in light of providing more efficient, affordable and timely infrastructure services. Further to this, the Infrastructure Project Development Facility was established to act as the principal facilitator and co-ordinator for PPPs. The government is considering the formation of an Infrastructure Project Financing Fund as an independent financing body for PPP projects.