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Pakistan’s CDWP Gives Nod To Six Projects Worth PKR 83.39 Billion Including Support Fund For IT Ventures

admin-augaf by admin-augaf
December 28, 2023
in Business, Finance
Reading Time: 2 mins read
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Pakistan Central Development Working Body Clears Four Development Projects Worth PKR 126.2 Billion
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Islamabad December 28 2023: Pakistan’s Central Development Working Party (CDWP) approved four projects worth PKR 11.15 billion on Wednesday.

Besides, it recommended two development projects worth PKR 72.240 billion to the Executive Committee of the National Economic Council (ECNEC) for further consideration, a news release said.

Two projects namely “Upgradation of Transmission Network & Replacement of Optical Fiber Cable, AJK & Gilgit-Baltistan (revised) worth PKR 1,999 million and “Prime Minister’s Initiatives Support for IT Startups, Specialized IT Trainings and Venture Capital (revised)” worth PKR 5,000 million were approved.

The Ministry of National Health Services, Regulations and Coordination, presented a project “Establishment of Infectious Disease Laboratory” worth PKR 8,289.913 million which the forum recommended to ECNEC for approval. The project envisages the establishment of a state-of-the-art Research and Development Laboratory to detect/analyze microorganisms. Upon completion of the project after PC-I, the NIH will have a better capability for the detection of novel, exotic, emerging and re-emerging pathogens and their timely control as well as R&D facility which is an absolute necessity.

The CDWP also okayed two projects of the Ministry of Law & Justice namely “Construction of Litigants Facilitation center for Litigants and Lawyers in Sector G-10/1 Islamabad” with a cost of PKR 1,862 million and “Establishment of 93-No District Courts in Mauve Area G-11/4 Islamabad (revised)” worth PKR 2,232.736 million.

The CDWP recommended a project of the Sindh government namely “Competitive & Livable City of Karachi (CLICK) (revised)” worth PKR 6,3950.374 million to ECNEC for approval.

The project is proposed to be financed by World Bank’s loan of PKR 61116.815 million under Investment Project Financing(IPF) and PKR 2,833.559 million by the Sindh government.

Tags: CDWP
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