‘Govt must focus on private investment’

LAHORE: A study has revealed public sector spending in Pakistan on transport and communication, energy, and education had positive impacts on economic growth, whereas housing and work division and health development expenditure had a negative relation with economic growth.
To ascertain the relationship between the various types of investments and its impact on economic growth, Prime recently launched a research report titled ‘Public Sector Development Expenditures and economic growth: the case of Pakistan’.
It cites investment as one of the most important determinants of economic growth and has received considerable attention. Various governments in Pakistan have adopted measures to stimulate investment with the prime focus on foreign investors and massive Public Sector Development Programme (PSDP).