Latest news with #Partnerships
Business Recorder
24-07-2025
- Business
- Business Recorder
Development 2.0: the case for PPPs in Pakistan
Over the past few years, policymakers and academics have shown renewed interest in Public-Private Partnerships (PPPs) as a way of addressing fiscal limitations and speeding up infrastructure construction and the provision of increased yet sustainable public services. Similar to other developing nations, according to Dr Shamshad Akhtar, who was former finance minister of Pakistan, Pakistan will be facing an estimated USD 124 billion infrastructure financing gap by 2040, along with public debt nearing 66.3% of GDP and is projected to rise to 71.4 percent in FY2025, making traditional government-led-financed development increasingly unsustainable. These gaps have forced government to explore other forms of financing vehicles like PPPs to facilitate funding of desirable public infrastructure development using money raised from the private sector. However, PPPs have largely been promoted only as an alternative mode of financing whereas they might actually be an enabling tool to deliver greater efficiencies, innovation and value for money-normally referred in Pakistan as a game changer. The prime minister, Shehbaz Sharif, has recognised the successful implementation of PSDP under the leadership and oversight of the federal minister for planning, development and special initiatives, Professor Ahsan Iqbal. He gave this credit due to the fact that PSDP is being strategically used for ensuring development of much-needed infrastructure but also serving to provide a clear vision of development priorities and growth path of the country. It is commendable, however this should be supplemented or complemented in the PSDP with addition of new models of financing for PPP that will extend the frontiers of fiscal efficiency even more, crowd in additional private funding and lead to institutional reform. A detailed report of 2023 published by the Pakistan Institute of Development Economics (PIDE), Reforming the Federal Public Sector Development Programme, presented a strong case of an urgent reform was established. The report promoted a portfolio cleaning strategy, which advised a reduction of the size of PSDP by 20 to 25 percent and the removal of almost half of all projects underway in this regard. The study indicated that many of such projects are either not backed by institutions or have become low-priority schemes that involve subjecting of the national funds on them without receiving a corresponding reward. PSDP resources are often spread thin over too many unviable projects, thus limiting impact and leading to cost and time overruns. Now this lack of efficiency has crippled the argument in favor of seeking alternative forms of developmental financing only. Beyond financing, frame-work has to be energized and implemented quickly. The greatest of them is the Public-Private Partnership (PPP) model that provides a practical and performance-oriented system of project delivery. PPPs, by utilising the privately raised funds, technical excellence, and creativity can aid Pakistan to make important infrastructure, enhance social amenities, even bring in Foreign Direct Investment as a complement and decrease the pressure on the exchequer. The federal government, to its credit, has achieved certain success in institutionalizing the PPP model with the setting up of the Public-Private Partnership Authority (P3A) across provinces and federal government. Since its inception, P3A has developed a project pipeline of PKR 2.5 trillion. Its priorities however are limited to federal infrastructure projects such as roads, bridges and transportation corridors. To make PPPs a real pillar of the national development, the model has to develop both vertically and horizontally, expanding to provinces and sectors like education, health, and housing as well. Sindh's PPP-based Education Node where private firms operate public schools has shown success in underserved areas. The mixed model has produced the following positive results such as better administration, provision, and education achievement, especially in underdeveloped and remote regions. The Sindh experience shows that when well-designed PPPs are implemented with transparency and accountability they result in marked improvement in the quality of public service delivery. Similarly, even in Pakistan, thought leaders have been promoting a paradigm shift for public investment. One of the notable economists and Vice Chancellor of PIDE Dr Nadeem Javaid has stressed on how Pakistan should no longer focus at using public money as a crutch, but should instead reinvent PPPs as a means of managing risks, corporate efficiency, and innovation. He suggested radical reforms: such as the use of inflation-linked bonds, blended finance, and revenue-sharing arrangements so that PPPs could be scaled up and made more marketable. More importantly, he pointed out to the necessity of institutional reforms and better governance in order to have sustainable ecosystem of the collaboration of the private sector. This is what is also embedded in the URAAN Pakistan transformation plan. Around the world, countries like the UK, India, Brazil, and Chile have used PPPs to bridge public service gaps most effectively. The Private Finance Initiative in the UK has been quite revolutionary in the modernisation of hospitals and transport schemes, whereas in Chile there has been a larger access to clean water due to the water and sanitation PPPs. These success stories emphasize that PPPs are not mere financial tools, they are development tools that can transform service delivery and governance. In addition to infrastructure, the scope of PPPs to revolutionize service delivery in the sectors of human development is huge. As it has been reported in Housing Finance Pakistan Report, 2024, Pakistan requires developing 2 million housing units annually to accommodate its growth requirements, which is a situation that cannot be achieved without the involvement of the private sector. PPPs can also help expand healthcare access, digital platforms, and affordable housing. Whether these projects can succeed or not will however be based on the capacity of the government to design transparent contracts, establish accountability and earn the confidence of the people. It is also a change that needs the redefinition of the role of the state. The government should stop acting as the only financier and project implementer but an enabler-designing the rules, tracking the performance, and achieving the results. It has to develop the capacity of PPP design and management, simplify the procedures of procurement, and integrate transparency throughout the project cycle. Procurement procedures need to be sanitized and made corruption free. This matter is most important, particularly after Pakistan has been ranked 135th out of 180 countries by the Transparency International Corruption Perceptions Index One of the priorities, in this case, should be to decentralize the PPP system into the provinces and local governments. Local governments are in a position to determine contextual demands and have a project that deals with shortages of public services at the community level. The establishment of facilitating legal and regulatory framework of subnational PPPs, coupled with technical assistance and even financial de-risking, will do a lot to stimulating development at the grassroots. The government of Pakistan needs to wade through its development problems with insufficient resources and a huge scope of the problem. Although the PSDP is important, it cannot be used as the single point through which infrastructure and service delivery aspiration is realized in the country. A gap, where vision and performance split, can be narrowed with the help of Public-Private Partnerships provided that they were well thought of and clearly performed. The time to institutionalize PPPs is now — anything less risks repeating past inefficiencies. (Dr Ahmad Fraz is Assistant Professor and Dr Mahmood Khalid is Senior Research Economist at the Pakistan Institute of Development Economics (PIDE)) Copyright Business Recorder, 2025
Associated Press
23-07-2025
- Business
- Associated Press
Joint Conference to Investigate Global Partnerships between African Higher Education Institutions and Historically Black Colleges and Universities
Atlanta, GA / Harare, Zimbabwe / Accra, Ghana, July 23, 2025 (GLOBE NEWSWIRE) -- Today, UNCF's Institute for Capacity Building (ICB), in strategic collaboration with the Historic African Diaspora Placement Program (HADIP) and the Association of African Universities (AAU), announced the convening of a groundbreaking virtual symposium on Sept. 17, 2025. The theme 'From Dialogue to Action: Advancing Partnerships between Historically Black Colleges and Universities (HBCUs) and African Higher Education Institutions,' will bring together academic, philanthropic and industry leaders to discuss new pathways for partnership and innovation between HBCUs and institutions on the African continent and across the diaspora. Registration is now available for this one-of-a-kind event. The Symposium seeks to catalyze sustainable partnerships among HBCUs and African higher education institutions by bringing together government leadership, university presidents, provosts, policymakers, researchers, philanthropists and resource partners from both continents. The event's format will feature dignitary-led plenaries, comparative insights on African and U.S. higher education systems, panel discussions, and a strategic dialogue on resource mobilization and institutional transformation. 'This is more than just an event—it's a launch pad for coordinated action,' said Ed Smith-Lewis, UNCF senior vice president, strategic partnership and institutional programs. 'We're setting the stage for executive leadership development, joint research efforts and mutual investment in transformative education systems.' The event builds on collaborative efforts between HADIP and AAU, which exists to promote, strengthen and represent African higher education by fostering collaboration, enhancing institutional quality and serving as the collective voice of universities across the continent. A HADIP representative stated, 'This partnership is a significant step towards creating a unified approach to higher education across Africa and the diaspora. By working together, we can enhance the quality of education and research, ensuring that our institutions thrive in an interconnected world.' The Secretary-General of AAU Olusola Bandele Oyewole remarked, 'The Association of African Universities is excited to foster partnerships with historically Black colleges and universities. Together, we aim to strengthen education and address challenges, creating a brighter future for our students and communities.' The Symposium plans to announce this partnership formally during UNCF's annual UNITE Summit, occurring July 20-24, 2025, signaling a commitment to cross-continental collaboration and inviting broader stakeholder engagement. This event marks another milestone for UNCF as it seeks to elevate partnerships between HBCUs and the African continent. As part of this commitment, UNCF ICB has already identified 8B Education Investments as a pilot partner to explore financing solutions for African students studying in U.S. institutions. UNCF ICB also sponsored the recently concluded 4th Annual HBCU Africa Education Coalition (HAEC) Conference. Key sessions at the HAEC Conference spotlighted institutional transformation, diaspora engagement and the future of African higher education. Join us as we move from dialogue to decisive action, forging sustainable pathways that connect Africa and its Diaspora through higher education. Register now and be part of the movement to accelerate transformation across the continents through educational partnerships. For more information about the conference, visit ### About UNCF UNCF is one of the nation's largest and most effective supporters of higher education and serves as a leading advocate for college-bound students. Since its founding in 1944, UNCF has raised more than $6 billion to support students' access to higher education, provide scholarships and strengthen historically Black colleges and universities (HBCUs). Each year, UNCF supports more than 50,000 students at more than 1,100 colleges and universities across the country including 37 UNCF-member HBCUs. Through its efforts, UNCF has helped generations of students to get to and through college. We believe a college education plays a vital role in fortifying the pipeline of leaders and professionals who contribute to the advancement of our society. Our logo features the UNCF torch of leadership in education and our widely recognized trademark is, 'A mind is a terrible thing to waste.'® Learn more at or for continuous updates and news, follow UNCF on Instagram. About UNCF ICB UNCF's Institute for Capacity Building (ICB) is a registered subsidiary of the United Negro College Fund, a 501(c)(3) organization. UNCF ICB partners with Historically Black Colleges and Universities (HBCUs) to drive institutional transformation, student success, and community advancement. Its mission centers on equipping these institutions with the tools, strategies, and partnerships needed to thrive in a rapidly evolving higher education landscape. About HADIP: The Historic African Diaspora Placement Program (HADIP) aims to reconnect African diaspora professionals in the U.S. with the continent through immersive cultural and professional experiences that foster sustainable development and strengthen transnational ties in alignment with the African Union's Agenda 2063. About AAU: The Association of African Universities (AAU) is an international non-governmental organization set up by universities in Africa to promote cooperation among themselves and with the international academic community. Founded with an initial membership of 34 public universities on November 12, 1967, in Rabat, Morocco, the AAU's membership has grown to over 450. Roy Betts UNCF 240.703.3384 [email protected]
Business Standard
14-07-2025
- Business
- Business Standard
Andhra Pradesh Government signs MoU with National Bank for Financing Infrastructure and Development for Transaction Advisory Services
PRNewswire Amaravati (Andhra Pradesh) [India], July 14: The Andhra Pradesh Capital Region Development Authority (APCRDA) has entered into a Memorandum of Understanding (MoU) with the National Bank for Financing Infrastructure and Development for Transaction Advisory Services (TAS), in the presence of Hon'ble Chief Minister of Andhra Pradesh, N. Chandrababu Naidu. Acting as a strategic advisor, the institution will help APCRDA design a high-impact financial blueprint for infrastructure projects in Amaravati, the capital city of Andhra Pradesh. As part of the advisory support, the institution will assist in formulating financial strategy and evaluating various implementation models, including Public-Private Partnerships (PPP), for multiple infrastructure projects across the region. The institution will also help in identifying potential revenue sources along with exploring monetization options for available land assets. Additionally, the institution will engage with APCRDA in formulating financial models and extend advisory support for engaging relevant stakeholders and potential investors. This partnership aims to craft an effective financial roadmap for Amaravati aligned with the city's long-term development goals and priorities. Speaking on the partnership, Mr. Rajkiran Rai G., Managing Director at National Bank for Financing Infrastructure and Development, said: "We are pleased to collaborate with APCRDA in its mission to build world-class infrastructure for Amaravati. Through our Transaction Advisory Services, we aim to unlock innovative financing models for key infrastructure projects in the capital region. This engagement reflects our shared objective of enabling structured development and contributing to the creation of robust, service-oriented urban infrastructure." Mr. K. Kannababu, Commissioner, APCRDA, added: "The development of Amaravati as the capital city is a major initiative of the Andhra Pradesh Government. The MoU with National Bank for Financing Infrastructure and Development marks a significant step towards strengthening the financial ecosystem for development of the infrastructure assets in the greenfield capital city. With the institution's expertise in infrastructure advisory and financing, APCRDA aims to implement well-structured development projects with optimized capital deployment." About National Bank for Financing Infrastructure and Development National Bank for Financing Infrastructure and Development is a Development Financial Institution (DFI) established in April 2021. The institution is dedicated to accelerating the development of India's infrastructure ecosystem by addressing the long-term financing needs of the sector. The institution plays a pivotal role in driving the nation's economic growth and fostering sustainable development. It is committed towards its vision of becoming a strong provider of impact investment, catalysing infrastructure financing for transformative growth of India. The institution aims to be a key partner in helping India achieve its ambitious infrastructure development objectives - responsibly and sustainably. Additionally, the institution will work towards developing a deep and liquid market for bonds, loans, and derivatives for infrastructure financing. Website: LinkedIn: Twitter: About The Andhra Pradesh Capital Region Development Authority (APCRDA) The Andhra Pradesh Capital Region Development Authority (APCRDA) is a statutory body established with the mandate of planning, facilitating, and overseeing the development of the Capital Region of Andhra Pradesh. As a nodal institution driving the creation of a world-class capital city - Amaravati - APCRDA plays a central role in shaping the future urban and economic landscape of the state. APCRDA is committed to the sustainable and inclusive development of Andhra Pradesh's capital region through integrated planning and world-class infrastructure. With more than ₹80,000 crore worth of projects in the process of being taken up at a rapid pace, the Authority is driving the creation of a vibrant hub for innovation, investment, and urban excellence. It works closely with stakeholders to enable responsible growth and strengthen the state's presence on the national and global map. Website: LinkedIn:
GMA Network
07-07-2025
- Politics
- GMA Network
Think tank to commemorate PH arbitral win vs. China
A Philippine flag flutters proudly in the face of CCG's aggressive actions in the WPS. A high-level security forum will take place on July 11, marking the 9th anniversary of the Philippines' arbitral victory against China in the West Philippine Sea. According to Stratbase Institute, the conference will highlight the country's commitment to defending its sovereignty in accordance with rules-based international order. Dubbed as the '9th Year of the Arbitral Victory: Defending the Rules-Based Order through Reinforced Defense Capabilities and Partnerships,'' the forum will be done in partnership with the Australian Embassy in the Philippines. Stratbase Institute President Victor Andres 'Dindo' Manhit said the forum is not simply a legal commemoration but a reaffirmation of Manila's sovereign rights as well as a commitment to the rule of law. 'Staying silent in the face of China's aggression is not neutrality, but neglect,' Manhit said in a press release. 'Now is the time for clarity and courage from our leaders.' The discussions will center on maritime cooperation, regional security, and the importance of enforcing the Arbitral Award as a bulwark of peace in the Indo-Pacific. The forum will also acknowledge the Armed Forces of the Philippines and Philippine Coast Guard personnel who risk their lives defending the country's waters. 'They do not stand alone. Our partners stand with us because this is not just our fight — it's a test of whether international law still matters,' Manhit said. Further, it will pay tribute to late Foreign Affairs Secretary Albert Del Rosario, who played a key role in the arbitral case. On July 12, 2016, the Philippines scored a victory against China in a landmark ruling by the Permanent Court of Arbitration that invalidated Beijing's massive claims in the South China Sea. China has since ignored the ruling as it continues its aggression in the region. Under the Marcos administration, the Philippines vowed to never give up an inch of territory to foreign aggressors. — BAP, GMA Integrated News
Business Insider
24-06-2025
- Business
- Business Insider
'Self-taught' real estate investors say 3 books helped them go from owning 0 rental units to more than 100
Letizia Alto and Kenji Asakura started buying rental properties in 2015 to free themselves from 80-hour workweeks. The physician couple, who met while working at the same hospital, were essentially starting from scratch. Asakura had dipped his toe into real estate investing in the early 2000s — he was mostly buying and reselling land — and lost money during the 2008 housing market crash, while Alto had never owned property. Their first investments were two duplexes, which they purchased with money they'd earmarked to buy a primary residence. They wouldn't buy a primary home until 2022, but in the interim, they continued expanding their rental portfolio. As of 2025, they own more than 100 units. The rental income has allowed them to step back from the hospital, spend more time with each other and their kids, and build their online community, Semi-Retired MD. "We were self-taught," Asakura told Business Insider. Alto added, "We were reading all the time." The couple, who live in Puerto Rico for about half of the year and spend the other half traveling, shared the three books that helped them scale their real estate business. " Rich Dad Poor Dad" by Robert Kiyosaki The couple read Robert Kiyosaki's personal finance classic, which is particularly popular within the real estate investor community, before buying their first property together. They were on their honeymoon, traveling in a camper van through New Zealand. Without electricity, they passed the nights reading "Rich Dad Poor Dad," and some of the author's core themes resonated. "It was really powerful. We were like: 'Oh, my gosh, this is it: We're employees, we trade our time for money, we're never going to be able to be in Italy for three months at a time because we're always going to have to be working,'" said Alto, whose dream was to spend more time traveling. "The only way it works is if we have another source of income, outside medicine, that can replace part of our salaries so that we can have the freedom to take time off." Shortly after returning from New Zealand, with Kiyosaki's lessons on their mind, they bought their first two duplexes. " How to Use Limited Liability Companies and Limited Partnerships" by Garrett Sutton Books like Garrett Sutton's about LLCs have helped them expand their business knowledge, which has been key to their success. "I think a big differentiator is that we apply a lot of business principles to our rental business," said Asakura. "A lot of people don't think about rental properties as a business — they think about it as providing housing — but ultimately, each property is a mini-business." " The Millionaire Real Estate Investor" by Gary Keller Gary Keller's book explores real estate investing strategies and practical, actionable advice. The couple said they built their cash-on-cash calculator, which helps them ensure a property will generate positive cash flow before closing, based on the one provided in Keller's book. It also gave them the confidence that they could succeed in the real estate investing world. The author incorporates interviews with more than 100 millionaire real estate investors with all sorts of backgrounds. "We could see that people just like us could do it," said Alto, adding that confidence is just as important as executing your investment strategy. "If you don't believe it's possible, then you're always going to look for the reasons it's not going to work, and you're going to be stuck in analysis paralysis for the rest of your life."
