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    Iran announces ceasefire against Israel, Trump declares its victory

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    Five children among 13 Palestinian killed in fresh Israeli attacks

    Israel strikes Gaza’s only Catholic Church, killing three

    US condemns attacks on Christians in India

    Pakistan congratulates Donald Trump for winning as US president

    Trump says military force ‘always an option’ for Greenland

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    PM Shehbaz denounces Israeli aggression in Gaza, Lebanon and Iran

    PM reaffirms commitment to working with EU on trade initiatives

    PM Shehbaz denounces Israeli aggression in Gaza, Lebanon and Iran

    Govt to provide subsidised essential food items to citizens under Ramazan package, PM

    Gold price decreases Rs1,800 per tola

    Gold prices decrease in Pakistan

    FBR imposes 25% sales tax on cars with over Rs4m price

    Govt allows overseas Pakistanis to import used vehicles

    Pakistan unlikely to buy spot LNG in summer

    Govt suffers Rs1 trillion loss due to LNG mismanagement

    KSE-100 index gains record 1,033 in morning trading session

    KSE-100 Index hits record high

    OGRA reduces prices of LPG for June 2023

    LPG prices hiked across Pakistan as new year begins

    Petroleum ministry devises a new policy to bring down fuel prices by Rs20

    Petrol price likely to decrease on new year eve

    FBR introduces new law mandating NOC for property transactions

    FBR suspends six officials for absence from sugar mill monitoring duties

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    Indian star singer Arijit Singh quit playback singing

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    Song “Tanha Akeli Hoon,” filmed on Saba Qamar, gains popularity in the voice of Saira Peter

    Song “Tanha Akeli Hoon,” filmed on Saba Qamar, gains popularity in the voice of Saira Peter

    Emraan Hashmi announces making of “Awarapan 2”

    Emraan Hashmi opens up on ‘Ba***ds of Bollywood’

    Navjot Sidhu reveals why he left Kapil Sharma  show in 2019

    Re-release of Kapil Sharma-starrer Kis Kisko Pyaar Karoon 2 CANCELLED at the last minute

    Irrfan Khan’s classmate Vashisht recalls having a premonition about his death

    Irrfan Khan’s son honors father’s legacy

    Shahrukh Khan, Deepika Padukone reunite for new project

    Deepika Padukone aims to help emerging talents

    Saba Azad says relationship with Hrithik Roshan cost her ‘whole career’

    Hrithik Roshan pens lengthy note for ex father-in-law Sanjay Khan

    ‘Endgame’ controversy:  Royal couple face setback in Hollywood

    Meghan Markle questioned royal rules in secret letter to King Charles

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    Naseem Shah refuses to undergo a medical test, report

    Naseem Shah fined for Code of Conduct breach

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    Rashid to lead a Afghanistan in T20 World Cup

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Home BUSINESS

CDWP approves five development projects worth Rs10bn

Web Desk by Web Desk
in BUSINESS, FINANCE
Reading Time: 3 mins read
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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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