Balochistan govt. asked to utilize natural resources for social development

The Baloch Hal News

QUETTA: Balochistan government had been advised by World Bank for giving preference to utilization of its natural resources for uplift of social infrastructure in the province.

According to World Bank Review Reviews on Balochistan Economic Situation, the provincial government had been asked to adopt an agenda aimed at increasing the production capacity of the province besides introducing reforms in energy and trade sectors.

“Efforts should also be made for evolving effective revenue collection system in order to increase revenue of the province”, the WB report said, urging the need for capacity building of the members of provincial administration besides encouraging public-private partnership in the province.

The Report also recommended the provincial government to opt for loans for development project on soft conditions. It also envisaged an estimated 2 billion USD plan for development of Gwadar deep water port and the allied port city.

The Economic Report advised for concentrating the funds available with the provincial government on completion of already ongoing development schemes halting implementation on new projects in the province