ISLAMABAD (APP) - Deputy Chairman of the Planning Commission Dr Nadeem-ul-Haq said on Thursday that Rs 350 billion would be allocated for socio-economic development in the Public Sector Development Programme (PSDP) 2011-12. Talking to APP, Dr Nadeem-ul-Haq said that proper management and appropriate utilization of resources could lead to sustainable economic growth. If we manage our assets properly, the economy will perform well, he said. He said that the Planning Commission of Pakistan was working on a new economic growth strategy, core of which lies in bringing efficiency in the management and changing overall mindset regarding growth. Efficiency and productivity will be the focus of new growth strategy, he added. He opined that Pakistan was lagging behind in development due to static planning. Planning is a continuous process which should take into account the changing trends. He said that there was a dire need to change the mindset by making people understand new growth strategies instead of remaining stuck to the old ones. He added, Unless we change the mindset, we can not make any progress. He said that under the growth strategy, the people would have to focus on the output of projects instead of their cost. He said though there was a need for further development of infrastructure, but the existing facilities were also not being used to their full potential. We have launched and completed many projects in every sector.