ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) here on Wednesday approved nine social sector development projects costing Rs.324.506 billion.
The ECNEC met here with Finance Minister Senator Mohammad Ishaq Dar in the chair and considered nine projects including agriculture, education and training, health and nutrition, energy and water having different costing details.
The meeting approved “Sindh Agricultural Growth Project” at a total cost of Rs.8,867,463 million. The project is closely related with sectoral issues and would improve the productivity of agriculture, horticulture and livestock sector in Sindh Province. The Forum also approved “Capacity Building of Teachers Training Institutions and Training of Elementary School Teachers project in Punjab” at a total cost of Rs.3137.752 million that would extend provision of quality education as one of the objectives of the MTDF 2005-10, besides providing quality teacher education in the Punjab Province.
The Council directed that other provinces, most specifically Balochistan, may also bring similar projects for consideration of the competent forum on need basis.
It also approved “KPK Government’s Project titled Integration of Health Services Delivery with special focus on EPI and Lady Health Workers Programme” and other allied sectors relating to nutrition, advising a committee comprising
Secretaries Finance, Planning, IPC and Chief Secretary KPK to work out consensus
on period of financing during or beyond currency of 7th NFC Award.
Committee directed the Planning and Development Division to seek guidance of CCI in case any modification is needed.
“Nutrition Support Programme Project” in Sindh was also approved at a total cost of Rs.4117.90 million including a prospective IDA loan component. The project focuses improvement of health facilities, capacity building and strengthening of mother and child nutrition and health status as part of national MDGs. ECNEC approved in principle “Jamshoro Supercritical Units using blends of sub-Bituminous Coal and Domestic Lignite coal fired Power Project”, advising that CDWP observations on technical and financial details be worked out in consultation with all federal government stakeholders followed by necessary modifications where needed. The meeting approved “PESCO’s Distribution of Power (DOP) and Distribution Rehabilitation plus Energy Loss Reduction Projects” at a total cost of Rs 25062.56 million, dilating hundred percent financing by the originating and executing agency. The Committee directed Ministry of Water and Power to raise partial loan for PESCO support in consultation with Ministry of Finance where needed. Both the projects shall focus better power provision facilities to new consumers by putting in place low transmission and heavy transmission lines in PESCO system.
This would further upgrade technical infrastructure to be arranged at the proposed new sites and would help in providing the basic minimum service to the end users.
Both the projects would also improve the existing distribution network and reduce the overburdened power distribution system with proper planning and management within the PESCO jurisdiction.
It also approved Ministry of Water and Power’s project titled “Evacuation of Power from 1000MW Quaid-e-Azam Solar Park at Lal Suhanra”, District Bahawalpur at a total cost of Rs.4066.73 million. The project will reduce the power shortage in the country with the help of solar power generating plants through NTDC power transmission network.
SYDNEY: Australian inflation was weaker than expected in the first quarter of the year, data showed ...