ECNEC approves billions of Project chaired by Dar

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 Commerce Syed Naveed Qamar, Federal Minister for Planning, Development & Special Initiatives Mr. Ahsan Iqbal, SAPM on Finance Mr. Tariq Bajwa, SAPM on Revenue Mr. Tariq Mehmood Pasha, Federal Secretaries and other senior officers from Federal Ministries and Provincial departments participated in the meeting.

The ECNEC considered and approved a Project of Ministry of Planning, Development, and Special Initiatives titled “Prime Minister’s Laptop Scheme” to be executed by Higher Education Commission (HEC) in Islamabad at a rationalized cost of Rs.16,801.230 million including FEC of Rs. 15,166.250 million. The project is to be financed by the Federal Government. The project is to be completed within two years i.e. 2023-2025.

The ECNEC also considered and approved a project of Aviation Division titled “Modernization of Hydromet Services of PMD in Pakistan (MHSP)” at a cost of Rs. 14,498.875 million to be executed in the whole country by Pakistan Meteorological Department. The project is financed by World Bank as a component of “Post-flood 2022 Reconstruction Program”.

A project of Ministry of Water Resources titled “Water Requirement for K-IV Project Improvement of Kalri Baghar Feeder & Keenjhar Lake – Plain Cement Concrete (PCC) Lining of Karli Baghar Feeder Upper-Phase-I Project ” to be executed in District Jamshoro & Thatta of Sindh Province was also considered and approved. The cost of the project is estimated to be Rs. 39,942.559 million and it is to be financed at a 50:50 sharing basis by the Federal and the Provincial Government (Govt. of Sindh). The project is to be executed by the Irrigation Department of Government of Sindh.

ECNEC considered and approved a project of Govt of Punjab titled “Lahore Ring Road-Southern Loop (SL-3) Construction of Road from Raiwind Road upto Multan Road” at the total cost of Rs. 17,785.850 million without FEC. The project is to be executed in the District Lahore of Punjab Province by C&W Dept Govt. of Punjab and is to be entirely financed by the Government of Punjab ADP.

The ECNEC also considered and approved a summary of Ministry of National Food Security & Research regarding project titled “Prime Minister’s National Programme for Solarization Agriculture Tube Wells Punjab, Sindh, KPK, and Balochistan” and allowed inclusion of existing pumping systems on small dams, ponds, and river/stream/nullah ponds, serving the same purpose as tube-wells.

A project of Ministry of Communications was also considered and approved by the ECNEC titled “Construction of Khawazakhela – Besham Expressway (48Km)” at a cost of Rs. 79,130.878 million without FEC. The project is to be executed by National Highway Authority in Districts of Shangla and Swat of KPK Province. The project is to be financed entirely through Federal PSDP.

Another project of Ministry of Federal Education & Professional Training titled “Pakistan Education Fund” was considered and approved in principle at a cost of Rs. 14000 million to be executed all over Pakistan by Higher Education Commission, NEST, and M/o FE&PT. The project is to be financed by Federal PSDP 2023-24, to provide scholarships.

Lastly, another project of Ministry of Communications titled “Lahore-Sahiwal-Bahwalnagar Motorway (295 Kms) Phase –I” was also considered and approved at a cost of Rs. 263,795.863 million to be executed in Districts Bahawalpur, Kasur, Lahore, Okara, Pakpattan, Sahiwal of Punjab Province. The project is to be financed by Federal PSDP.