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    US submarine sinks Iranian warship near Sri Lankan island, 87 dead bodies recovered, 32 critically wounded

    US submarine sinks Iranian warship near Sri Lankan island, 87 dead bodies recovered, 32 critically wounded

    Israel strikes Iran nuclear facilities, killing top military officials and scientists

    Civilian deaths in Iran pass 700 amid fear of bombs and regime clampdown

    Dubai Airports resuming ‘limited’ flights after three-day closure

    Dubai Airports resuming ‘limited’ flights after three-day closure

    Pakistan-Afghanistan agree on maintaining high-level engagement

    World urges restraint as Pakistan-Afghanistan border tensions spike

    Twitter better for ‘freedom of speech’, Senior Taliban official

    Taliban regime seeks dialogue after Pakistan inflicts heavy losses in border clashes

    Pakistan seeks stronger UK ties with newly-elect Prime Minister Keir Starmer’s

    Starmer voices concern after armed man enters Manchester mosque to kill Imam

    Iranian President lands in Pakistan on two day visit

    Iran’s Deputy FM says they ready for necessary steps to reach deal with US

    Iran imposes sanctions on US, UK over

    Iran says would respond ‘ferociously’ to any US attack

    Brazil, India ink critical minerals deal

    Brazil, India ink critical minerals deal

  • BUSINESS
    NEPRA notifies increase in power tariff for Karachiites

    NEPRA hikes power tariff by Rs1.63 per unit for January

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

    No shortage of petroleum products in country, OGRA

    IMF postpones talks with Pakistan seeking details of flood relief expenditure

    IMF expresses satisfaction with Pakistan’s progress

    Govt plans to slash petrol prices in upcoming budget

    PM forms 18-member committee to oversee oil prices amid regional conflict

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    Petrol, diesel prices likely to rise by Rs7

    IMF calls for Pakistan to declare assets of above grade 17 govt officials

    IMF team arrives in Karachi for talks on third review

    PSX makes history as KSE-100 index crosses 59,000 points mark

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    PM Shehbaz Sharif seeks Qatari investment in Pakistan

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    PSX launches New Trading & Surveillance System

    PSX resumes slide amid US-Iran tensions

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    How Yash-starrer Toxic vs Ranveer Singh’s Dhurandhar 2 impacted by US-Iran war

    Angelina Jolie debuts as Maria Callas in first look of her biopic

    Angelina Jolie and Louis Garrel reveal recent update on their relationship

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    Kangana finds Salman Khan ‘Cool’, takes sharp dig at Karan Johar, Aditya Chopra

    The Kerala Story 2: Will Vipul Shah’s social drama release on February 27?

    The Kerala Story 2: Will Vipul Shah’s social drama release on February 27?

    Director Utekar to remove controversial lezim dance scene from ‘Chhaava’

    Chhaava writer DEFENDS the film’s impact months after AR Rahman called it divisive

    Imad Wasim signs Melbourne Stars for Big Bash League 2023/24

    Imad Wasim sends legal notice to ex-wife over allegations

    Ranbir Kapoor summoned by ED in betting case, Reports

    Ranbir Kapoor leases five floors in Andheri for 20 years to revive RK Studios

    Rajpal Yadav’s lawyer says stage row with Amitabh Bachchan triggered

    Rajpal Yadav’s lawyer says stage row with Amitabh Bachchan triggered

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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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