Prime Minister Shehbaz Sharif on Tuesday gave in-principle approval to streamline the Public-Private Partnership Authority (P3A) and its framework to accelerate development projects across the country.

Chairing a high-level meeting in Islamabad, the prime minister directed that the P3A be placed under the Privatisation Division Pakistan to better align its operations with modern requirements and speed up project execution.

He also ordered ministries and departments to strengthen their capacity to initiate and manage projects under public-private partnerships (PPP).

Development projects delivered through PPP will now be included in key performance indicators (KPIs) used to assess institutional performance.

PM Shehbaz said the government is working to make the PPP system more transparent and efficient through structural reforms in the P3A. He further instructed officials to fast-track implementation of the proposed framework.

The meeting was briefed on international PPP models and a comparative analysis of systems adopted in other countries. Participants were also informed about the proposed oversight structure, under which the Cabinet Committee on Privatization and the Privatization Division will supervise the authority.

Several federal ministers and senior officials attended the session, reviewing plans aimed at boosting private sector participation in public infrastructure and development initiatives.