• Download the Constitution of Pakistan
  • Advertise
Sunday, May 18, 2025
  • Login
NEWSLETTER
ECONOMY
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
ECONOMY
No Result
View All Result
Home Finance

Rs190bn road infrastructure projects, approved by ECNEC

by Web Desk
November 25, 2021
in Finance
Reading Time: 3 mins read
0
Share on FacebookShare on TwitterLinkedinWhatsapp

Road infrastructure projects worth Rs190.215 billion has been approved by The Exe­cutive Committee of the National Economic Council (Ecnec) on Wednesday.

The Exe­cutive Committee of the National Economic Council (Ecnec) on Wednesday approved Rs190.215 billion worth of projects related to road infrastructure and acquisition of self-reliance in satellite technologies in Pakistan.

A meeting of Ecnec, chai­red by Minister for Planning and Development Asad Umar and attended by Minister for Industries Khusro Bakhtiar and federal secretaries, approved the Pakistan Optical Remote Sensing Satellite (PRSS-02) project of Space and Upper Atmosphere Research Commission (Suparco) worth Rs27.913bn.

The project will help in building of an indigenous capacity in the fields of space/satellite technology and its applications, institutional capacity building of Suparco and promoting high-tech research and development activities in the country. This project will contribute to acquisition of self-reliance in satellite technologies in Pakistan.

Ecnec approved the Sialkot (Sambrial)-Kharian motorway project submitted by the Ministry of Communication, along with directives for the National Highway Authority (NHA) to present a progress report on development of business model to Economic Coordination Committee (ECC) of the cabinet. The project envisages construction of 69km long, four-lane wide Sambrial- Kharian motorway with structures to be constructed for six lanes.

An official announcement said the meeting gave approval to the New Gwadar International Airport (NGIA) second revised project. The revised project envisages construction of NGIA along with allied facilities over a piece of land already acquired. The NGIA will replace the existing airport at Gwadar which has small terminal building with limited capacity. The new airport will be suitable for bigger aircraft like Airbus A-380 and Boeing-747 & 777 for international and domestic services.

Ecnec also approved a project of the Ministry of Energy on the Asian Development Bank-funded Advanced Metering Infrastructure (AMI) in Islamabad Electric Supply Company (Iesco), with a directive for starting the project without any delay as a pilot project and including other electric supplying companies.

The project envisages enhancing load control and loading management up to the interface of the electricity distribution system operated by distribution companies (Discos). The AMI project is designed as the least-cost solution to reduce losses and efficiently balancing supply in the specific areas of Iesco.

The meeting also approved a position paper for amendments in the Ecnec’s 2004 decision and for approval of self-finance development schemes of distribution companies/entities, submitted by the Ministry of Energy.

The meeting approved Rs16.695bn for remodelling of the Warsak canal system in Peshawar and Nowshera districts. The second revised PC-1 was considered on a 50:50 cost sharing basis between the federal and Khyber Pakhtunkhwa governments. Any variation in the cost of the project will be borne by the provincial government.

Ecnec approved the Higher Education Development in Pakistan (HEDP-revised) project of the Higher Education Commission (HEC) worth Rs12.782bn financed by the World Bank. The project activities will be executed throughout Pakistan.

The meeting considered the Pak University of Engineering & Emerging Technologies (PUEET) Phase-I (Knowledge Economy Initiative) project of the HEC with a cost of Rs23.54bn. PUEET will be a research and commercialisation university, which will house various centres of excellence in the cutting-edge fields of science and technology and a state-of-the-art technology park.

The meeting approved the Khyber Pakhtunkhwa Cities Improvement project at a cost of Rs97.146bn. The project will improve the quality of life of the residents of five KP cities — Abbottabad, Kohat, Mardan, Mingora and Peshawar — directly benefitting about six million urban population.

Ecnec also approved the construction of 10th Avenue from IJP Road to Srinagar Highway, Islamabad, at a total cost of Rs12.139bn. The project will be executed in two phases and will be completed in two years.

The meeting deferred a decision on the Greater Thar Canal project with directives for the relevant stakeholders, both at the federal and provincial levels, to reach a consensus amongst them prior to its resubmission to Ecnec.

Tags: Asad UmarEcnecinfrastructure projects
Web Desk

Web Desk

Related Posts

IMF PAK

Pakistan Gets $1.023B from IMF, Begins 2025-26 Budget Talks

by Anum Arif
May 14, 2025
0

Islamabad – Wednesday, 14 May 2025:The State Bank of Pakistan (SBP) confirmed on Wednesday that it has received the second...

KSE-100 Surges Past 120,000as Ceasefire, IMF Funding, andTax Relief Fuel Market Rally

KSE-100 Surges Past 120,000as Ceasefire, IMF Funding, and Tax Relief Fuel Market Rally

by News Publishing
May 13, 2025
0

The Pakistan Stock Exchange (PSX) extended its historic rally on Tuesday, with the benchmark KSE-100 Index climbing back above the...

PSX skyrockets nearly 10,000 points as ceasefire lifts investor confidence

PSX skyrockets nearly 10,000 points as ceasefire lifts investor confidence

by News Publishing
May 12, 2025
0

The Pakistan Stock Exchange (PSX) witnessed a historic rally on Monday, with the benchmark KSE-100 index surging over 9% following...

Export of services rises to $6.2bn in July-March

Export of services rises to $6.2bn in July-March

by News Publishing
May 9, 2025
0

Pakistan’s exports of services rose by 9.85% to $6.24 billion during the first nine months (July–March) of fiscal year 2024-25,...

IMF and PAK

IMF to Approve $2.3B for Pakistan Amid Mixed Fiscal Outlook

by Anum Arif
May 8, 2025
0

Washington, 08 May 2025 — The International Monetary Fund (IMF) Executive Board is set to convene tomorrow in Washington, where...

PSX PSX

PSX Recovers After Historic Plunge Amid Indo-Pak Tensions

by Anum Arif
May 7, 2025
0

May 07, 2025 The Pakistan Stock Exchange (PSX) experienced a volatile trading session on Wednesday, following a dramatic plunge of...

Next Post
Interest-free loans given to 4m families under Kamyab Jawan

Interest-free loans given to 4m families under Kamyab Jawan

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About Us

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Important Categories

  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • YouTube
  • Linkedin
  • TikTok
  • WhatsApp
  • About
  • Advertise
  • Careers
  • Contact

© 2024 Economy.pk - Web Development by Digital Otters

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

© 2024 Economy.pk - Web Development by Digital Otters