Minister for Finance and Economic Affairs, Dr.Abdul Hafeez Shaikh said on Saturday that the National Economic Council (NEC) has approved Rs.730 billion for Public Sector Development Programme (PSDP) 2011-12 with focus on social and infrastructure sectors development and completion of ongoing projects to benefit people of the development projects and economic prosperity of the country. He was briefing the newsmen on the decisions of the NEC which met here under the Chairmanship of Prime Minister Syed Yusuf Raza Gilani today. Dr.Shaikh said that the NEC also approved the new growth strategy which was prepared and presented to the Council by the Planning Commission focusing on enhancing economic growth rate, and create job opportunities to the youth in the country.