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 Planning, Development and special Initiatives Mr. Ahsan Iqbal, SAPM on Finance Mr. Tariq Bajwa, Federal Secretaries and other senior officers from Federal Ministries and Provincial departments participated in the meeting.
\nThe ECNEC considered and approved a World Bank funded project of Ministry of Planning, Development & Special Initiatives titled \u201cResilient Housing Reconstruction and Restoration in all districts of Balochistan at a cost of Rs. 43,400 million.
\nThe project is to be executed by Government of Balochistan through Federal PMU & provincial PIU to support communities to reconstruct their houses affected by floods in 2022 in Baluchistan province. The entire cost will be borne by the Federal Government.
\nThe ECNEC also considered a project of Board of Revenue (BoR) regarding \u201cPunjab Urban Land Systems Enhancement Project (PULSE)\u201dat an updated cost of Rs. 26, 440.704 million, to be fully financed by the World Bank. The project is to be executed by Punjab Board of Revenue (BoR) through Punjab Land Records Authority (PLRA) in Punjab Province.
\nA project of Ministry of Kashmir Affairs & Gilgit Baltistan titled \u201cEstablishment of Regional Grids in Gilgit-Baltistan Phase-I (Revised)\u201d was also considered and approved at with rationalized scope and cost of Rs. 9,148.509 Million with FEC of Rs. 1,679.274 million. The project will be executed by W&P Dept, Gilgit-Baltistan in Districts Gilgit, Hunza, and Skardu in GB region.
\nMinistry of Communication submitted a summary regarding the project \u201cDualization of road from Chistan to Chak no 46\/3R via Dahrnawala (41.154 km) including two lane Link Road from Dahrnawala to Chaki 175m (4.859 km)\u201d to be executed in District Bahwalnagar of Punjab Province by National Highway Authority and Ministry of Communications. The project was approved by ECNEC at a total cost of Rs. 8,962.982 million without FEC on 50:50 cost sharing basis between Federal Government and Government of Punjab with condition of confirmation of Punjab Government cost share.
\nA project submitted by the Ministry of Water Resources, namely \u201cConstruction of Awaram Dam (Revised)\u201d was also submitted for the approval of ECNEC. The project was approved at a cost of Rs. 23, 579.263 without FEC. It will be executed in District Awaran of Balochistan by the Irrigation Department, Government of Balochistan. Moreover, the project is to be financed through Federal and Provincial Government on 80:20 cost sharing basis.
\nAnother project of Ministry of Water Resources regarding \u201cConstruction of Panjgur Dam in District Panjgur, Balochistan\u201d was also approved by the ECNEC at a revised cost of Rs. 22,340.59 without FEC. The project is to be financed by both Federal and Provincial Governments on 80:20 cost sharing basis. This project will also be executed by the Irrigation Department, Government of Balochistan in District Panjgur.
\nA project of Government of Sindh regarding \u201cConstruction\/Re-construction of Existing Schools in Sindh affected under Rain\/Flood 2022 in Sindh (1800 units)\u201d was also considered and approved at a cost of Rs. 12,338.294 million with 50:50 cost sharing basis between Federal Government and Government of Sindh with the condition to fulfill the uncompleted observations in accordance with the decision of CDWP. The project is to be executed by School Education & Literacy Department (SE&LD) Sindh in various Districts of Sindh. The project is to be financed through PSDP (2023-24).
\nLastly, an already approved Project of Government of Sindh, namely \u201cSindh \u201cSolar Energy Project (SSEP)\u201d with an updated cost of Rs. 27,418.13 million was also reconsidered. The meeting was updated on the site of implementation of the project and substantially savings in the electricity units.<\/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 Planning, Development and special Initiatives Mr. Ahsan Iqbal, SAPM on Finance Mr. Tariq Bajwa, Federal Secretaries and other senior officers from Federal Ministries and Provincial departments participated in […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-348326","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n