The functions of the department are listed in the Rules of Business of the Government of Punjab. These include:
- Formulation of provincial government vision, policies and strategies for economic planning and development in consultation with all stakeholders in the light of NEC’s guidelines
- Annual Development Programme (ADP)/Medium Term Development Framework (MTDF):
- Preparation in co-ordination with all departments of the government
- Monitoring implementation
- Evaluation of development Projects and Programmes
- Economic Issue(s):
- Conducting research/surveys
- Reviewing/analysis of socio economic data
- Public Sector Development Programmes (PSDP):
- Preparing short terms and long terms provincial development plans
- Coordination with Federal government
- Policy for the approval of development schemes
- Catalyst for different departments/sectors to improve the pace and quality of economic development
- Resource allocation, re-appropriation of development funds, appropriations from block allocations and disbursement of supplementary grants
- Secretariat for the Provincial Development Working Party (PDWP) and clearing house for development within the competence of CDWP and ECNEC
- Foreign Assistance:
- Determination of key areas for foreign assistance and preparation of sector-wise portfolio for foreign assistance
- Loan negotiations and securing federal financial guarantees, wherever required
- Review of foreign aided projects
- Coordination of nominations for foreign training, seminars, conferences and workshops for all officials serving with the provincial government
- Capacity building of government departments, agencies and functionaries for good governance
- Focusing accelerated development of rain fed (barani) and less developed areas
- Framing guidelines for procurement of consultancy service. Policy formulation with respect to private sector development and promotion and public private partnership (PPP)
- Implementation, development and administration in respect to foreign assisted/ funded and mega ADP projects
- Matters relating to attached departments, autonomous bodies and special institution of P&D Department
- Information Technology:
- I.T. Policy
- Electronic Data Management
- Control of and liaison with district I.T. Departments
- e-Governance and e-Service Delivery
- Web Content Management
- Pre-qualification of firms to provide I.T. consultancy, software development and I.T. products to the government
- Coordination with both public sector departments and private sector agencies in the field of I.T
- Service matters of I.T. cadre both at provincial and district level
- Budget, accounts and audit matters
- Purchase of stores and capital goods for the department
- Service matters except those entrusted to service and General Administration Department
- Administration of the following laws and the rules framed there-under:
- The Cholistan Development Authority Act 1976
- The Punjab Economic Research Institute Ordinance, 1980
- The Punjab Public-Private Partnership for Infrastructure Act, 2010
- Matters incidental and ancillary to the above subjects