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Saturday, July 21st, 2018

Executive Committee of the National Economic Council approves 53 projects worth Rs. 478 billion

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Islamabad: The Executive Committee of the National Economic Council (ECNEC) met today chaired by Finance Minister Dr. Abdul Hafeez Shaikh to approve Fifty Three (53) projects costing about over Rs.478 billion, including the foreign exchange component of Rs.172 billion.

The meeting was attended by Mr. Naveed Qamar Federal Minister for Water and Power, Dr. Asim Hussain Federal Minister for Petroleum and Natural Resources, Federal Minister for Privatization, Federal Minister for Production, Ms. Hina Rabbani Khar Minister of State for Finance, Economic Affairs and Foreign Affair and Dr. Nadeem-ul-Haque, Deputy Chairman of Planning Commission.

Provincial Minister for Finance Sindh, Federal Secretaries and representatives from Sindh, Balochistan, Punjab, KPK, Gilgit-Baltistan, Azad Kashmir, and representatives of sponsoring agencies also attended the meeting.

The meeting approved Fifteen (15) foreign funded projects worth Rs.165.5 billion including the foreign exchange component of Rs.117 billion. Seven (7) Flood Rehabilitation Projects worth Rs.64.5 billion including the foreign exchange component of Rs. 28 billion.

Thirty One (31) project including transport and communications, water and power, health education, industries and commerce are among the Fifty Three (53) approved project.

The approved projects include Rs. 2,091.4 million including Rs.34.0 million FEC for feasibility study, detailed engineering design and preparation of tender documents for Bunji (Revised).

Twenty Two (22) projects of transport and communication sector are approved comprising Construction of Northern Bypass from Qasim Bela to Shershah Road Multan Bypass including Grade Separated Elevated bridge over railway line 7 N-70 (length 12.229 km-Phase-III).

Construction of 2-Lane Bridge over River Indus at Khushal Garh, District Kohat, Rehabilitation of NGHA highways Network damaged due to un-Precedent Monsoon rain and Foods, 2010.

Gwadar Deep Water Port Project-Phase-I (2nd Revised).

Installation of Ship Lift and Transfer System and associated machinery and Equipment to provide Docking and repair facilities to Surface Ships, Submarines and Commercial Vessels (Revised).

Construction of Northern Bypass from Bosan road to Qasim Bela Multan Including approach road from Northern Bypass to Multan Airport via Jameelabad Chowk Multan (length 16.05 km Phase-II).

Two projects of health sector worth Rs.26,983 million including Rs.14,195 million F.E.C comprising Medical Equipment and Ambulances for DHQ Hospitals in Khyber Pakhtunkhwa (KPK) and Expended Program on Immunization (EPI) Revised.

Other important approved projects are Up-Gradation and Additional Works of Expo Centre, Lahore.

Establishment of Turbines and Power Plants Equipment Manufacturing Facility at heavy Mechanical Complex, Taxila.

Kala Dhaka Area development Project (Revised).

Umbrella PC-I for Sindh Flood Emergency Reconstruction Project for bunds and Canals (2010)

a) 76 Nos Emegent Flloed protection Schemes

b) Restoration of Canals/ Structures Damages.

c) Restoration of Drains/ structure Damages

Secretary Planning and Development Division Mr. Sohail Ahmed briefed about the need for rationalizing the portfolio in line with resource availability. He also emphasized the need for a balance between new and ongoing projects, and the optimization of available resources.

In his concluding remarks, Dr. Abdul Hafeez Shaikh thanked the Planning Commission and all relevant departments for their commitment and dedication. He also emphasized the need for improving the monitoring and evaluation of projects to ensure transparency and best utilization of national resources.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326
Email: piopid@gmail.com

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