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    Pezeshkian sworn in as Iran’s president

    Tehran sends legitimate demands after Trump rejects peace response, says Iran

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    Trump rejects Iran peace terms, Tehran warns of new attacks

    US-Iran talks expected in Islamabad this weekend, IAEA Chief

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    Chinese fighter jet’s firm sales jump after Pakistan-India standoff

    Chinese fighter jet’s firm sales jump after Pakistan-India standoff

    US-Iran talks expected in Islamabad this weekend, IAEA Chief

    Trump not happy with latest Iran proposal to end war, says US official

    UAE – A Land of Opportunity and Sustainable Growth

    UAE – A Land of Opportunity and Sustainable Growth

    First time in history no Muslim representation in Indian cabinet

    India and South Korea plan $50 billion trade push with new deals

    Iran reviews ‘new US proposals’

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    Pakistan unlikely to buy spot LNG in summer

    Qatari LNG tanker heads via Strait of Hormuz to Pakistan

    OGDCL discovers Oil, Gas reserves in Sindh

    Pakistan’s oil and gas sector shows solid growth in April

    Govt plans hedging to benefit from low oil prices

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    Pakistan signs $500 million loan agreement with ADB

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    Akshay Kumar reveals his two upcoming projects during Saudi Film Festival

    Akshay Kumar and Anees Bazmee gear up for hilarious family comedy

    Meesha Shafi Ali Zafar FIA

    LHC suspends defamation case verdict against Meesha Shafi to pay Rs5 million in damages to Ali Zafar

    Akshay Kumar reveals his two upcoming projects during Saudi Film Festival

    Akshay Kumar wraps Keralam schedule of Anees Bazmee film

    Aamir Khan ‘promotes’ Indian political party in viral video

    Aamir Khan and Junaid Khan greet fans during Ek Din theatre visit

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    Adam Scott makes surprising confession about Taylor Swift’s new album

    Tabu’s first official look from ‘Dune: Prophecy’ revealed

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    Akshay Kumar likely to return as host for Wheel Of Fortune India Season 2

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CDWP approves five development projects worth Rs10bn

Web Desk by Web Desk
in BUSINESS, FINANCE
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The Central Development Working Party (CDWP) on Friday approved five development projects worth Rs10.022 billion and recommended four others worth Rs 213.86 billion to the Executive Committee of the National Economic Council (ECNEC) for further consideration.

The CDWP meeting was chaired by Deputy Chairman of Planning Commission Mohammad Jehanzeb Khan and attended by Secretary Planning Awais Manzur Sumra, senior officials from the Planning Commission and federal ministries/divisions, besides related provincial governments officials.

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Projects related to Food and Agriculture, Education, Energy, Physical Planning & Housing, Science and Technology, Social Welfare, Transport and Communication and Water Resources sectors were considered in the meeting.

A project related to the Food & Agriculture sector, namely the ‘Khyber Pakhtunkhwa Food Security Support Project,’ was presented during the meeting. The project of Rs 24,640 million has been forwarded to ECNEC for further approval.

In the CDWP forum, a project related to the Education Sector namely ‘Rehabilitation of Schools in Balochistan Affected by Flooding’ has been approved with a total cost of Rs 1400 million in the meeting.

The project aims to rehabilitate and restore schools that have been severely affected by floods, to improve schooling opportunities for students in the flood-affected areas of Balochistan.

Another project from the Education Sector presented in the forum namely “Sindh school rehabilitation project under flood restoration program” worth Rs 83187.500 million recommended to ECNEC for further consideration.

This project includes the construction of completely and partially damaged schools and the up-gradation of 62 primary schools to the secondary, middle and higher secondary levels by the construction of new blocks.

A project related to the Physical Planning and Housing sector was presented in the forum namely “Permanent settlement of IIOJK Refugees 1989 onwards (phase-1)” and approved at the cost of Rs 3096.500 million.

A project related to the Social Sector namely “Women Inclusive Finance Development Program” was presented. This project, valued at Rs 31,413.047 million, has been referred to ECNEC for further consideration. It aims to support Women entrepreneurs across Pakistan.

The Ministry of Finance (MoF) is designated as the executing agency for this funding proposed to come from foreign sources, specifically ADB.

The implementation agency is the State Bank of Pakistan (SBP), which will establish a Project Implementation Unit (PIU).

The PIU’s expenses will be covered by SBP’s own funds. The financing will be overseen by a steering committee led by the Executive Director of SBP, with members from relevant stakeholders.

A project related to Transport & Communications presented in the meeting namely “Improvement & Reconditioning of Noseri Leswa By-Pass road length 52-Km District Muzaffarabad Neelum, AJK” worth Rs 1622.045 million has been approved in the CDWP forum.

A project related to the Science and technology sector presented namely “Establishment of Pak Korea Testing Laboratory for PV Modules and Allied equipment (Revised)” worth Rs 1504.955 has been approved by the forum.

Web Desk

Web Desk

Voice of Sindh is an initiative designed to uncover the untold stories of Sindh. It aims to preserve and promote the diverse culture, heritage, history, and traditions that make Sindh the bastion of pluralism and progress.

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