• AED to PKR – Convert UAE Dirhams to Pakistani Rupees
  • CAD to PKR – Convert Canadian Dollars to Pakistani Rupees
  • Economy.pk
  • GBP to PKR – Convert British Pounds to Pakistani Rupees
  • SAR to PKR – Convert Saudi Riyals to Pakistani Rupees
  • USD to PKR – Convert US Dollars to Pakistani Rupees
Wednesday, May 20, 2026
  • Login
No Result
View All Result
Economy.pk
  • Business
  • Economy
  • Technology
  • Sports
  • Education
  • Health
  • Politics
  • World
  • Gold Rates
  • Business
  • Economy
  • Technology
  • Sports
  • Education
  • Health
  • Politics
  • World
  • Gold Rates
No Result
View All Result
Economy.pk
No Result
View All Result

ECNEC clears eight projects of Rs174bn

by Web Desk
August 10, 2023
in Business, Economy
0
ECNEC clears eight projects of Rs174bn
187
SHARES
4.1k
VIEWS
Share on FacebookX

Before the transition of power, the departing government granted its approval for a total of eight new development projects, estimating a combined cost of roughly Rs174 billion.

These approvals were secured during the final meeting of the Executive Committee of the National Economic Council (Ecnec) under the PDM government, where Finance Minister Ishaq Dar presided. Several key officials, including Planning Minister Ahsan Iqbal, the prime minister’s special assistants Tariq Bajwa and Tariq Pasha, and representatives from various provincial departments, were also in attendance.

One of the significant projects approved by Ecnec is the “Resilient Housing Reconstruction and Restoration in Balochistan,” funded by the World Bank with a budget of Rs43.4 billion. This project aims to assist communities in Balochistan in rebuilding their homes, which were affected by the 2022 floods.

The implementation responsibility lies with the Government of Balochistan, working through the Federal Project Monitoring Unit (PMU) and the provincial Project Implementation Unit (PIU). The federal government will fully cover the cost through a World Bank loan, and the project is expected to conclude in 65 months, by December 2028. Under this initiative, each completely damaged house will receive Rs300,000, while a sum of Rs150,000 will be provided for units partially (over 50%) damaged.

The committee also granted approval for the “Punjab Urban Land Systems Enhancement Project,” a World Bank-funded endeavor with a budget of Rs26.44 billion. This project is overseen by the Punjab Board of Revenue (BoR) and executed through the Punjab Land Records Authority. The target for completion is 60 months, set for March 2027, with a focus on developing cadastral mapping, including digital land records for urban, peri-urban, and rural areas throughout Punjab.

Additionally, Ecnec endorsed a project titled “Establishment of Regional Grids in Gilgit-Baltistan Phase-I,” proposed by the Ministry of Kashmir Affairs & Gilgit Baltistan. The project has been rationalized in scope and cost, with a budget of Rs9.149 billion, including a foreign exchange component (FEC) of Rs1.679 billion. This initiative will be executed by the Water & Power Department in the Gilgit-Baltistan region, specifically in Districts Gilgit, Hunza, and Skardu.

Another approved project, without FEC, is the “Dualisation of road from Chistan to Chak no 46/3R via Dahrnawala (41.154 km) including a two-lane Link Road from Dahrnawala to Chaki 175m (4.859km).” This project, costing Rs8.963 billion, is set to be executed in District Bahwalnagar of Punjab Province by the National Highway Authority and the Ministry of Communications, with a cost-sharing basis of 50:50 between the federal and Punjab governments. Two essential water-related projects were also given the go-ahead.

The first, “Construction of Awaram Dam (Revised),” with a cost of Rs23.579 billion, will be executed in District Awaran of Balochistan by the Irrigation Department, Government of Balochistan. The second, “Construction of Panjgur Dam in District Panjgur, Balochistan,” received approval at a revised cost of Rs22.341 billion, without FEC. Similar to the first water project, this initiative will also be executed by the Irrigation Department in District Panjgur.

Furthermore, Ecnec approved a project from the Government of Sindh regarding the “Construction/Re-construction of Existing Schools in Sindh affected under Rain/Flood 2022 in Sindh (1800 units)” with a cost of Rs12.338 billion, based on a 50:50 cost-sharing basis. Lastly, a previously approved project, the Sindh Solar Energy Project, underwent reconsideration, leading to an updated cost of Rs27.418 billion.

Tags: Ecneceight projectslatestPDM
Web Desk

Web Desk

Related Posts

IT exports expected to reach $4bn during current fiscal year, PM told

IT exports expected to reach $4bn during current fiscal year, PM told

by Web Desk
May 11, 2026
0

Prime Minister Shehbaz Sharif was informed on Monday that Pakistan’s IT exports are projected to reach between $4.5 billion and...

IMF approves $1.32b financing for Pakistan

IMF approves $1.32b financing for Pakistan

by Web Desk
May 9, 2026
0

The Executive Board of International Monetary Fund has approved one point three-two billion dollars financing for Pakistan under its Extended...

Pakistan speeds up taxation proposals ahead of key IMF budget talks

Pakistan speeds up taxation proposals ahead of key IMF budget talks

by Suneela Zulfiqar
May 6, 2026
0

With talks expected to begin with the International Monetary Fund (IMF) on May 12, 2026, to finalise the overall framework...

SBP says uncertainty may hurt financial stability prospects

Middle East conflict: SBP says uncertainty may hurt financial stability prospects

by Suneela Zulfiqar
May 6, 2026
0

The State Bank of Pakistan (SBP) has warned that ongoing uncertainty due to the Middle East conflict could create downside...

AI startup Cursor with Pakistani co-founder set for $60bn deal with SpaceX

AI startup Cursor with Pakistani co-founder set for $60bn deal with SpaceX

by Web Desk
April 24, 2026
0

SAN FRANCISCO: Cursor, an AI code-generation startup co-founded by Pakistani-born entrepreneur Sualeh Asif, has entered into a landmark $60 billion...

Pakistan repays $3.45bn to UAE, confirms central bank

Pakistan repays $3.45bn to UAE, confirms central bank

by Web Desk
April 24, 2026
0

Pakistan has repaid a total of $3.45 billion in deposits to the United Arab Emirates (UAE), the State Bank of...

Next Post
USAID Introduces Scholarships for Flood-Affected Students in Pakistan

USAID Introduces Scholarships for Flood-Affected Students in Pakistan

Ads

  • AED to PKR – Convert UAE Dirhams to Pakistani Rupees
  • CAD to PKR – Convert Canadian Dollars to Pakistani Rupees
  • Economy.pk
  • GBP to PKR – Convert British Pounds to Pakistani Rupees
  • SAR to PKR – Convert Saudi Riyals to Pakistani Rupees
  • USD to PKR – Convert US Dollars to Pakistani Rupees

© 2026 All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Economy
  • Technology
  • Sports
  • Education
  • Health
  • Politics
  • World
  • Gold Rates

© 2026 All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.