ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) approved 13 development projects, including revised cost for Dasu hydropower project. A total of Rs.355 billion was earmarked and approved for the projects by the committee chaired by Advisor to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Sheikh. Also, it approved a foreign exchange component (FEC) of Rs.189.793, which makes 56.55 percent of the total allocated amount.
A revision of the cost of Dasu hydropower project was made subject to the opinion of the Law Ministry, which would re-estimate the costs of land acquisition and property construction and submit the recommendations within a week’s time. For the evacuation of power from 2,160 MW Dasu HPP stage-I for Islamabad via Mansehra, the committee approved a revised cost of Rs.90.831 billion with FEC of Rs.35.049 billion. The purpose of the revised upward cost was to incorporate the exchange rate.
Other approved projects include:
The meeting was attended by Federal Minister for Planning, Development and Reforms Khusro Bakhtiar, Taimoor Saleem Khan Jhagra, Finance Minister KPK, Naheed S.Durani, Chairperson Planning and Development Board Sindh, and Ishrat Hussain, Advisor to PM on Institutional Reforms and Austerity among other officials from federal and previous governments.
Keep visiting Graana blog for more updates.
Islamabad: The chairman of the Capital Development Authority (CDA) and Chief Commissioner Islamabad, Muhammad Ali…
Peshawar: The Khyber Pakhtunkhwa government is exploring plans to construct a 31-kilometre outer ring road…
Islamabad: The National Highway Authority (NHA) has spent more than half of its development budget…
Karachi: A high-level meeting chaired by Sindh Minister for Local Government Syed Nasir Hussain Shah…
Riyadh: Saudi Real Estate Co. (Al Akaria) has signed a long-term lease agreement with Amsa…
Rawalpindi: The divisional administration has begun acquiring land for the Rs5 billion Thalian Interchange, a…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
