'Public-private collaboration unlocks development potential'

LAHORE, (UrduPoint / Pakistan Point News - 19th Apr, 2026) Public-private collaboration is a prerequisite to unlock the true potential of a development landscape, particularly in emerging economies including Pakistan.

Federal Tax Ombudsman (FTO) Coordinator Saif Ur Rehman stated this while addressing a session on “Public-private sector Investment” here Sunday. He opined that sustainable growth can be achieved at a much faster pace by combining state-led infrastructure initiatives with private sector efficiency and innovation.

He said, when investments in infrastructure and natural resources align with private capital come together produce far-reaching economic benefits. Such partnerships can create employment opportunities, improve service delivery, and enhance export potential.

Sectors such as energy, mining, transportation, and water management hold immense opportunities for investors, provided there is a transparent regulatory framework and policy consistency, he maintained.

He was of the view that encouraging private sector participation not only brings in much-needed financial resources but also introduces modern technology, managerial expertise, and global best practices.

He concluded that a balanced approach, where government support meets private sector's initiative, is the key to achieving inclusive and long-term economic prosperity. However, he stressed the importance of ensuring accountability, fair taxation policies, and investor confidence to maintain the momentum.