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ECNEC Greenlights 9 Projects Exceeding Rs. 300 Billion

Discover the latest developments as ECNEC gives the green light to nine projects with a combined value surpassing Rs. 300 billion. Stay informed on significant economic initiatives shaping the future.

ECNEC Greenlights 9 Projects Exceeding Rs. 300 Billion

The National Economic Council (NEC) is likely to approve changes to the plan for giving laptops to students in Balochistan. They want to increase the number of laptops given to Balochistan students from 6% to 18%.

Dr. Shamshad Akhtar, the Caretaker Federal Minister for Finance, Revenue & Economic Affairs, led the ECNEC meeting. One approved project is the Khyber Pakhtunkhwa Food Security Support Project, costing Rs. 25.098 billion. This project aims to address climate vulnerabilities, enhance food security, and improve the livelihood of rural farm households in flood-damaged districts of KP over 5 years.

Another approved project is the Sindh School Rehabilitation Project, with a total cost of Rs. 86.08 billion. This project, under the Flood Restoration Program, aims to restore schools affected by floods, with the provincial government contributing Rs. 7562.50 million and an ADB loan of Rs. 785,18.00 million.

The ECNEC also approved the KP-HCIP Education Component project, costing Rs. 32.834 billion, funded by the World Bank. This project focuses on rehabilitating and reconstructing 1,165 damaged schools in 13 districts of KP.

The Prime Minister’s Laptop Scheme, implemented through the Higher Education Commission, was approved at a total cost of Rs. 16.801.23 billion. The ECNEC revised the phase-wise quota for the distribution of laptops to students of Balochistan from 6 percent to 18 percent.

Additionally, the ECNEC approved the KP-HCIP Health Component project, totaling Rs. 24.224 billion. The project aims to improve primary care health services for host communities and refugees.

A Women Inclusive Finance project was approved at a cost of Rs. 31.413 billion, aiming to reduce constraints on Pakistani women accessing credit. The project is funded by a five-year financial intermediary loan and aligns with various national policies and frameworks.

The Thar Coal Railway Connectivity project, with a total rationalized cost of Rs. 53.726 billion, was approved on a 50:50 basis between the Federal Government and the Government of Sindh.

The Peshawar Northern Bypass Project, costing Rs. 27.051 billion, was also approved. This project involves the construction of a 32.20 km, 4-lane bypass on the northern side of Peshawar.

The Greater Thal Canal Project (Phase II) was deferred for further consultation among provinces. The Sindh Barrage Improvement Project (Phase-II), costing Rs. 74.618 billion, was approved for the rehabilitation and modernization of Sukkur Barrage and Guddu Barrage.

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The meeting was attended by various ministers and senior officers from federal ministries and provincial departments.

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