Manual for Development Projects - Planning Commission

Manual For Development Projects
(iv) The MOU/JVA will be in accordance with prevailing government's Industrial/Investment
policy.
(v) The project will be implemented through a joint venture public limited company registered
under the Companies Ordinance. All decisions with respect to the affairs of the joint venture will
have to be taken by the Board of Directors constituted by the Articles/Memorandum of
Association under the provisions of the Companies Ordinance.
6.54 It may be noted that for project under private/ public partnership, no funds would be
provided through PSDP. Government guarantee, if essential, would be obtained from Ministry of
Finance, who will exercise due diligence as guarantor.
* Superseded vide P&D Division's O.M.No.7(20) PS/PC/95-FA, dated 4-1-1997 (para-6.50).
http://hd2/pc/popup/ch6_p.html
Page 17 of 17
Go To Top
9/23/2010