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ECNEC offers nod to varied tasks price over Rs326bn

The Executive Committee of the National Economic Council
The Government Committee of the Nationwide Financial Council on Friday gave nod to varied tasks price over Rs326 billion.

Based on the small print, the ECNEC, which met in Islamabad in the present day (Friday) with Finance Minister Shaukat Tarin within the chair, authorised dualization of Lilla Interchange at M-2 through Pind-Dadan Khan to Jhelum together with two bypasses at a price of over Rs12.7 billion. The venture might be accomplished in three years.

The ECNEC directed that the federal government of Punjab will fund the land acquisition value, horticulture expenses and Provincial Income Authority Tax expenses via its personal sources.

Reconstruction of 115-kilometer lengthy Turbat-Mand Highway from M-8 until Iranian Border-Radeeq costing 10.461 billion rupees additionally obtained ECNEC’s nod. The venture is predicted to be accomplished in 2 years by Communication Division Balochistan as part of South Balochistan Package deal..

Development of 228 kilometer Panjgur-Gichak-Awaran Highway Venture was additionally authorised on the rationalized value of Rs14.68 billion. The Balochistan authorities will make safety preparations for the venture and purchase land via its personal sources.

The Set up of IT Park, Karachi, was additionally authorised by ECNEC on the whole value of Rs 31.199 billion. The venture might be executed by Pakistan Software program Export Board. Pakistan College of Engineering and Rising Applied sciences (PUEET) Part-I used to be additionally authorised in precept on the whole value of Rs 23.551 billion.