The Public Investment Management (PIM) Core Committee Meeting held under the chairmanship of Additional Chief Secretary Khyber Pakhtunkhwa Shakeel Qadir Khan at Planning and Development Department Khyber Pakhtunkhwa.
Public Investment Management (PIM) is a approach to manage government financial resources on public infrastructure which is categorized as:(1) Economic Infrastructure i.e. airports, roads, railways, ports, water & sewage, power, gas, and telecommunication etc.
(2) Social Infrastructure i.e. education, healthcare, community support, information, public safety , arts & culture etc.
Both economic and social infrastructure become public physical assets once they are completed.
The objectives of PIM includes Promote growth and development,Encourage capital formation for future investment, Maximize efficiency of public investment through better project selection and management of investment expenditure;Project Identification, Project Preparation, Project Approval, ADP Allocations / Releases / Expenditure, Result Based Monitoring & Evaluation (RBM&E),Improving the quality of social and economic infrastructure.
Development spending requires effective planning processes and efficient project management for better results.
P&DD with the help of Governance and Policy Project have completed its work on PIM.
PIM Core Committee membership: Additional Chief Secretary as Chair while Secretary P&D, E&SE, Health, LGs, C&W, Irrigation, PHE, Energy & Power, Agriculture, Industries and Tourism as members. Chief Economist P&DD works as Secretary to the committee.