Smart Investments.

Pakistan is on the verge of a significant transformation in its approach to provincial development projects, thanks to the decisive action taken by the Special Investment Facilitation Council (SIFC). The SIFC's plan to allocate federal funds exclusively to highly critical provincial development projects is a commendable step toward financial responsibility and a more equitable system. This strategic move signals a shift towards better resource allocation and shared responsibility, ultimately contributing to more efficient and sustainable development efforts.

The decision to allocate federal funds only to the most crucial provincial development projects underscores the need for greater accountability and shared responsibility. In essence, it encourages provinces to actively participate in financing and overseeing their development initiatives. This shift in accountability empowers provincial governments to take ownership of projects and ensures they are implemented more efficiently, reducing the risk of mismanagement and delays.

While the government aims to save Rs. 314 billion through this initiative, it is imperative that the approach is characterised by judicious project selection. The focus should be on projects that prioritise national interests and long-term benefits. This approach ensures that...