ECNEC approves Rs.62b development projects

ISLAMABAD –The Executive Committee of the National Economic Council (ECNEC) on Friday approved different projects of social sector developments worth Rs 62 billion.


The committee met here with Minister for Finance Senator Ishaq Dar in the chair and approved the establishment and operation of basic education community schools in the country project with a rationalized cost of Rs.4282.059 million.


The community schools in the project will spread all over the country and the Ministry of Education, Training and Standard in Higher Education will execute the project in 36 months. The project will bring the out-of-school children to schools and increase the overall literacy rate in the country.


The ECNEC approved reconstruction and rehabilitation of 277 flood-damaged school buildings in 10 districts of Azad Jammu Kashmir with a rationalized cost of Rs 3865.035 million. The project will be executed through Department of School Education and completed by March 2019. It may be mentioned that the floods of 2010 had badly affected the infrastructure in Pakistan.


The minister emphasized on timely completion of the project as enhancing access to education is one of the key priorities of the government and the project will help increase literacy rate of AJK from 67% to 95% by 2019. The ECNEC considered and approved eight projects of the Ministry of Water and Power.


The ECNEC was informed that due to rationalization and strengthening of Pak rupee, there has been a reduction of Rs.77.54 billion in the cost of the project. It may be mentioned that ECNEC in its meeting held on February 12, 2014 approved the project subject to rationalization and revision of cost due to strengthening of Pak rupee.


The meeting was also attended by Minister for Information and Broadcasting Pervaiz Rashid, Minister for Industries & Production Ghulam Murtaza Jatoi, Minister for National Food Security Sikandar Hayat Bosan, Minister for Science and Technology Zahid Hamid, State Minister for Information Technology Anusha Rehman, State Minister for Petroleum & Natural Resources Jam Kamal Khan, State Minister for Railways Abdul Hakeem Baloch, provincial ministers, secretaries and senior officials of the federal and provincial governments.


 

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