Daily Times

The Executive Committee of the National Economic Council (ECNEC) on Thursday approved several developmental projects of social sector uplift including communications, water and energy for economic uplift and social prosperity of the country. The ECNEC met under the chairmanship of Minister for Finance and Revenue Senator Mohammad Ishaq Dar, said a news release issued here. Federal Minister for Commerce Syed Naveed Qamar, SAPM on Finance Tariq Bajwa, SAPM on Revenue Tariq Mehmood Pasha, Federal Secretaries and other senior officers from federal ministries and provincial departments participated in the meeting. The ECNEC considered and approved revised project of Ministry of Communication titled “Dualization of Rawalpindi -Kahuta road (28.4 kms) including 4-lane bridge over Sihala Railway pass, Sihala bypass and Kahuta bypass” at a revised rationalized cost of Rs. 23,545.021 million on financing share of 50:50 basis by the federal and provincial governments and the project will be executed by National Highway Authority (NHA). The ECNEC considered a revised project of Ministry of Defence Production titled “Infrastructure Up-gradation of Karachi Shipyard and Engineering Works (KSEW).” The project envisages renewed underwater repair capability and concrete rehabilitation/up-gradation works for the restoration of existing two dry Docks for ships/ submarines. The ECNEC approved the project at a revised updated cost of Rs.10,689.807 million including FEC of Rs.4,934.564 million.