PR No. 195 P3A Board Nurtures PPPs for Infrastructure Development and Public Welfare

The 34th meeting of the Board of Directors of the Public Private Partnership Authority (P3A) convened on March 26th, 2024, marked a significant stride towards advancing infrastructure development in Pakistan, with a focus on promoting initiatives for public welfare. Under the esteemed chairmanship of Dr. Jehanzeb Khan, Deputy Chairman Planning Commission and Vice Chairperson of the Board, the session saw constructive deliberations and approvals on various agenda items, including the pivotal approval of National University of Medical Sciences (NUMS) request to engage an International Financial Institution (IFI) for the Medical City Project. In attendance were distinguished individuals including Mr. Awais Manzur Sumra, Secretary Ministry of PD&SI, Mr. Amjad Mahmood, Additional Finance Secretary, private members of the Board Mr. Akbar Ayub Khan and Ms. Huma Ejaz Zaman, and Mr. Malik Ahmad Khan, Chief Executive Officer (CEO) of P3A. The NUMS project, focused on establishing a Medical City in Islamabad's Sector I-17, is set to redefine healthcare standards in Pakistan. With a 1600-bed hospital and specialized research institutes, the project aims to enhance medical education, research, and patient care. Its phased implementation over 20 years underscores a long-term commitment to advancing healthcare infrastructure and promoting medical excellence nationally and internationally. Dr. Jehanzeb Khan emphasized the paramount importance of initiatives geared towards the public good, highlighting the role of Public-Private Partnerships (PPPs) in fostering development that benefits society at large. He underscored the need for P3A to provide support to implementing agencies in conceptualizing their projects, guiding them through the complexities of PPPs, and ensuring that projects are aligned with the overarching goal of public welfare. Moreover, the meeting also touched upon the broader landscape of PPPs, recognizing their pivotal role in infrastructure development and sustainable growth. Discussions emphasized the need for continued focus and innovation in PPPs to address the evolving needs of the country efficiently. The approvals and discussions during the meeting underscore P3A's commitment to facilitating infrastructure development through strategic partnerships and initiatives aimed at promoting the public good.

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