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Pakistan finds 43pc foreign-funded projects to be ‘problematic’ Pak Foreign-funded Projects
Representational image by Abuzar Xheikh on Unsplash

Pakistan finds 43pc foreign-funded projects to be ‘problematic’

India Blooms News Service | @indiablooms | 25 Jun 2022, 09:48 pm

Islamabad: Pakistan's Ministry of Economic Affairs has said 43 percent of about $35 billion worth of foreign-funded projects were problematic.

The ministry said the projects were either not progressing well or unable to deliver the desired outcomes.

At a review meeting of the National Coordination Committee on foreign-funded projects, the ministry reported that it was managing an ongoing portfolio of $34.8bn such projects of various sectors of the economy, reports Dawn News.

“Out of the total portfolio, $15bn (43 percent) is considered as problematic,” it added.

On top of that, the meeting was informed that the “share of federal energy projects is about $3.3bn, of which $2.3bn (or almost 70pc) is rated as problematic,” an official statement said.