Pakistan's Development Spending Critiqued for Waste, Lack of Accountability

Pakistan's development expenditure (PSDP) is hijacked by interest groups and plagued by problems like lack of cost-benefit analysis.

Massive throw-forward liabilities, with new projects approved despite no funds to complete existing ones.

Wasteful projects cater to contractors and political interests rather than economic development.

Support from economists for inefficient brick-and-mortar projects instead of human capital.

Proposed decentralized RASTA approach for competitive selection of best development proposals instead of closed-door decisions.