• Download the Constitution of Pakistan
  • Advertise
WRITE FOR US
Economy.pk
No Result
View All Result
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
No Result
View All Result
Economy.pk
No Result
View All Result
Home Finance

CDWP Approves 19 Projects Worth Rs142.3 Billion

by Suneela Zulfiqar
June 28, 2022
in Finance
Reading Time: 3 mins read
CDWP Approves 19 Projects Worth Rs142.3 Billion
Share on FacebookShare on Twitter

The CDWP met on Monday and approved 19 projects with an estimated cost of Rs142.3 billion.

Planning Secretary Zafar Ali Shah presided over the meeting and approved 13 projects worth Rs34.83 billion. The CDWP recommended another six projects costing Rs107.505 billion to the Executive Committee of the National Economic Council (Ecnec) for formal approval.

The CDWP currently has the authority to approve projects costing up to Rs10bn. However, projects with higher estimated costs must be approved by Ecnec.

The ‘Muzaffarabad-Mansehra Road’ project, worth Rs44.72bn, is one of the projects that has been referred to Ecnec for approval. The project envisages the construction of a 26.6km road connecting Mansehra in Khyber Pakhtunkhwa to Muzaffarabad, the capital of Azad Jammu and Kashmir.

The proposed project involves the construction of 11 bridges and two tunnels on the left bank of the Jhelum and Kunar rivers. The resulting road is expected to provide an important link for the China-Pakistan Economic Corridor, connecting it to AJK’s industrial city of Mirpur.

The expressway is designed as a four-lane divided controlled-access road, intended to provide fast connectivity between Khyber Pakhtunkhwa and Azad Kashmir.

The National Highway Authority (NHA) will be executing a 50km mountainous road project to link Neelum Valley in AJK to Jalkhad in Khyber Pakhtunkhwa’s Mansehra district.

The project aims to promote sports through infrastructure development by establishing or upgrading 250 mini-sports complexes across the country through 50:50 cost-sharing between federal and provincial governments.

The provincial government will be responsible for making land available for the construction of mini-complexes through the Public Sector Development Program (PSDP).

The CDWP also recommended the establishment and upgrading of 250 vocational training institutes throughout the country, including in AJK, Gilgit-Baltistan and the newly-merged districts of Khyber Pakhtunkhwa. The project seeks to train 300,000 youth through job skills.

Accordingly, the construction of a new bridge with approach roads between Sukkur-Rohri over the Indus River at the cost of Rs10.28bn was also recommended to the Economic Coordination Council for approval. Sukkur is the third-largest city in Sindh situated on the west bank of the Indus River, while Rohri is one of the biggest railway hubs in Pakistan. At present, there are three road river crossings between Rohri and Sukkur city.

The CDWP also recommended for approval of another Rs11.58bn worth of road projects for compensation of Rajanpur-D.G. Khan section as the four-lane highway and dualisation, rehabilitation of D.G. Khan- D.I. Khan of N-55.

The CDWP also approved the construction of the second circuit stringing of the 132KV transmission line from Jiwani to Gwadar at a cost of Rs2.323bn.

The meeting approved the proposal to establish the University of North Waziristan at a cost of Rs2bn. They also approved the proposal to set up a Knowledge Park in Islamabad and the ‘Network of Digital Libraries Capitals’ at a cost of Rs6.9bn.

This project has been proposed by the Higher Education Commission (HEC) to create a state-of-the-art Knowledge Park and develop a digital library network in the federal capital and all provincial capitals. The meeting also considered a feasibility study for the metro bus route in Quetta.

Tags: CDWPExecutive Committee of the National Economic CouncillatestNational Highway AuthorityPublic Sector Development Programme
Suneela Zulfiqar

Suneela Zulfiqar

Related Posts

Pakistan to discuss long-term Russian oil deal next month

Pakistan to discuss long-term Russian oil deal next month

Pakistan will begin discussions with Russia next month to discuss a long-term agreement for importing Russian crude oil, as the...

Gold

Gold Rate In Pakistan Today

Gold Rate In Pakistan Today 27 September 2023 On 27 September 2023, the gold Price for One tola of 24-karat...

US Dollar Hits Record High Against Pakistani Rupee

US Dollar Hits Record High Against Pakistani Rupee

On the fifth day of the business week, the value of the US dollar against the Pakistani Rupee (PKR) has...

Intraday Update: Rupee Continues to Decline Against US Dollar

Intraday Update: Rupee Continues to Decline Against US Dollar

The Pakistani rupee continued to fall against the US dollar, falling 0.23% during interbank trading on Tuesday. At 10:25 a.m.,...

More brokers convert to trading-only category

More brokers convert to trading-only category

On Tuesday, the Pakistan Stock Exchange (PSX) communicated to investors that two brokerage firms have undergone a transformation into the...

Intraday update: Rupee Declines Against US Dollar

Intraday update: Rupee Declines Against US Dollar

The Pakistani rupee depreciated 0.41% against the US dollar during trade on Tuesday. At 11:45 a.m., the rupee was trading...

Next Post
A Day After Pakistan Removed The Exchange Rate Cap, IMF Announces Long-Awaited Visit

Government of Pakistan receives a MEFP from the IMF

Recent Posts

  • Sudden drop in gold prices shakes Pakistan’s market
  • Pakistan qualify for final of SAFF U19 Championship
  • Pakistan announces to digitize hajj operations
  • Lahore Museum offers free entry to all visitors
  • 2 men arrested in connection with Avastin eye injection scam, says Punjab health minister

Advertisement

Twitter

Economy.pk

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

Categories

  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos

Privacy & Legal

  • Privacy Policy
  • Cookies

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • About
  • Advertise
  • Contact

© 2023 Economy.pk

No Result
View All Result
  • VIDEOS
  • World
    • Europe
    • Americas
    • Asia
    • Oceania
    • Africa
    • Middle East
  • Finance
  • Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Education
  • Sports
  • Life & Style
    • Personalities
    • Art
    • Culture
    • History
    • Entertainment
    • Fashion
    • Food
    • Health
      • Environment
      • Fitness
  • Sponsored

© 2023 Economy.pk