Investor Presentaiton

Chapter IV - Annual Development Programme Key Priority Areas China Pakistan Economic Corridor The China Pakistan Economic Corridor will continue to be a priority area for Punjab. The two major ongoing projects being implemented by Government of the Punjab are Orange Line Metro Train Project and Allama Iqbal Industrial City, Faisalabad. For FY 2020-21 adequate resources have been prioritized for the timely completion of both projects. Trial runs of Orange Line project are nearing completion and the project will soon enter operationalization phase, which has been delayed due to the lockdowns in COVID-19. The project of Allama Iqbal Industrial City, Faisalabad has also faced delays in the development of civil and electrical CPEC CHINA PAKISTAN ECONOMIC CORRIDOR infrastructure due to the Corona crisis. Despite the effects, COVID-19 is expected to have some positive impact on the development of AIIC in terms of low prices of petroleum products, bitumen, reduction of transportation costs and withdrawal of certain duties and taxes on construction material. The incentives announced by Government for various categories of industries is also expected to have benefits which may lead to industrialization and colonization of the SEZ under CPEC. Development of AIIC will, therefore, be a top priority for Government of the Punjab in FY 2020-21. Furthermore, fast-track implementation of CPEC Socio-Economic projects in the fields of Education, Healthcare, poverty alleviation, and access to safe water supply will also be the focus. + Orange Line Metro Train, Lahore Allama Iqbal Industrial Estate, Faisalabad CPEC In FY 2019-20, Government of the Punjab initiated a yearly exercise for the preparation of new provincial project proposals under CPEC. Guidelines for provincial planning and implementation of CPEC project proposals were developed and circulated to the Administrative Departments to ensure that the process for identification and preparation of proposals for inclusion in CPEC are fully geared towards and informed by principles of value for money. In FY 2020-21 preparation of meaningful proposals for various CPEC Joint Working Groups, that are focused on improving economic and livelihood opportunities for the people of Punjab will be a priority. Leveraging Private Investment via Public Private Partnerships The regulatory mechanism of PPPs in Punjab has been reformed through promulgation of PPP Ordinance, 2019 which is now enacted as PPP Act, 2019 after approval of the Provincial Assembly of the Punjab, with a view to removing the existing bottlenecks and facilitate the private sector participation in infrastructure/service provision. The PPP Act, 2019 envisages a diverse institutional arrangement for regulating the PPPs in Punjab including (a) Punjab Public Private Partnership Authority - PPPPA, (b) Public Private Partnership Policy and Monitoring Board - PPP P&M Board, (c) Executive Committee of PPPPA, (d) Risk Management Unit, Finance Department - RMU, and (e) Public Private Partnership (PPP) Cell, P&D Board. In line with the requirements of new PPP Act, in FY 2019-20 all the legal and institutional framework of PPPs in Punjab has been strengthened. Palpable results are anticipated therefore. Page 32

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