Islamabad
\nFederal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired the meeting of the Executive Committee of the National Economic Council (ECNEC), today.
\nFederal Minister for Planning, Development and Special Initiatives Mr. Ahsan Iqbal, Federal Minister for Commerce Syed Naveed Qamar, SAPM on Finance Mr. Tariq Bajwa, SAPM on Revenue Mr. Tariq Mehmood Pasha, Senator Nisar Khuhro, Federal Secretaries and other senior officers from Federal Ministries and Provincial departments participated in the meeting.
\nThe ECNEC considered and approved a Project of Ministry of Water Resources titled \u201cUmbrella PC-I of the Flood Protection Sector Project-III (FPSP-II)\u201d at the updated cost of Rs. 194,625.00 million including FEC of Rs. 10,862.94 million. The project is to be executed in all four provinces and GB and AJK as well. The project is to be financed through Federal components, Provincial components, and donor financing. The main object of the project is the improvement of country-wide comprehensive flood management approaches on integrated and innovative basis by implementation of structural as well as non- structural interventions.
\nThe ECNEC also considered and approved another project of Ministry of Water Resources to be executed by Irrigation Department Govt. of Sindh titled \u201cMakhi Farash Link Canal Project (Chotiari Phase-II)\u201d for Water Supply to Thar Coal in districts Sanghar and Umerkot at the raised cost of Rs. 12,087.489 million. The project has been prepared to carry 200 cusecs canal water for electricity generation and agro-industrial growth.
\nAnother Project of Ministry of Water Resources titled \u201cKachhi Canal Project Restoration of Flood Damages 2022\u201d was also considered and approved by the ECNEC at a cost of Rs. 8280.647 million to be executed in Punjab Districts of Dera Ghazi Khan, Muzaffargarh, and Rajanpur by Water and Power Development Authority (WAPDA). The project is related to the issue of water scarcity & protection of infrastructure from onslaught of floods.
\nThe ECNEC also considered and discussed a project of Government of Khyber Pakhtunkhwa titled as \u201cNew Balakot City Development Project\u201d and directed the concerned stakeholders i-e KP Govt, Ministry of Planning and Development and ERRA to re-examine and remove technical and financial discrepancies in the project.
\nThe ECNEC further considered and approved a project titled \u201cNational Multi-sectoral Nutrition Program to Reduce Stunting and other forms of Malnutrition\u201d to be executed in 36 high burden districts of the country. The project is to be financed by Federal Government and through Foreign Aid under IsDB Country Engagement Framework for Pakistan 2023-25. The overall goal of the project is to significantly reduce malnutrition induced stunting in Pakistani children in the next three years.
\nThe ECNEC considered and approved the project titled \u201cExtension\/ Construction of 36km Sindh Coastal Highway\u201d at a cost of Rs. 16,204.303 million. The project is to be executed by Government of Sindh. The project is to be funded through Federal PSDP.
\nThe ECNEC also considered and approved a project of Ministry of Communications titled \u201cConstruction f Lahore Sialkot Motorway (LSM) link Highway (04-Lane) Connecting LSM to Narang Mandi and Narowal (73-Kilometer Approximately)\u201d at the revised rationalized cost of Rs. 36,814.347 million without FEC on 50:50 cost sharing basis by the Federal and Provincial Governments. The project is to be executed in Districts Narowal and Sheikhupura, Punjab Province by National Highway Authority (NHA).
\nA project of Government of Sindh titled Improvement of Road from Sanghar to National Highway (N-5), at Point Rohri via Mundh Jamrao and Salehput (221-kilometer)\u201d was considered and approved at the updated rationalized cost of Rs. 12,521.799 million without FEC on 50:50 cost sharing basis between Federal Government and Government of Sindh. The project is to be executed in District Sanghar.<\/p>\n","protected":false},"excerpt":{"rendered":"
Islamabad Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired the meeting of the Executive Committee of the National Economic Council (ECNEC), today. Federal Minister for Planning, Development and Special Initiatives Mr. Ahsan Iqbal, Federal Minister for Commerce Syed Naveed Qamar, SAPM on Finance Mr. Tariq Bajwa, SAPM on Revenue Mr. Tariq Mehmood […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-340223","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-top-news"},"yoast_head":"\n