NCC reviews projects worth $5.6bn

Business Dec, 15 2022
NCC reviews projects worth $5.6bn
  • 176
  • 0

ISLAMABAD: National Coordination Committee on Foreign-Funded Projects (NCC-FFP) reviewed 12 ongoing road and transport sector projects amounting to $ 5.6 billion. Projects are funded by Asian Development Bank, World Bank, Saudi Fund for Development, Japan and South Korea.

Minister for Economic Affairs Sardar Ayaz Sadiq chaired meeting. Minister for Planning and Minister of State for Finance, Secretary of Economic Affairs Division, provincial additional chief secretaries, representatives of Prime Minister Office, Finance Division, Ministry of Communications and National Highway Authority and provincial P&D and line departments and boards of revenues attended.

NCC-FFP in follow-up meeting reviewed compliance status of its decisions made in its previous meetings held on transport and communication sector.

Ayaz Sadiq lauded efforts of line ministries and departments for smooth implementation of foreign-funded projects in sector, which, he said, were significant for improving regional connectivity and facilitating trade with Afghanistan and Central Asia.

He directed line departments to strictly follow timelines for expeditious implementation of projects and in timely and efficient manner so that people could benefit from them without any delay.

Published in The Daily National Courier, December, 15 2022

Like Business on Facebook, follow @DailyNCourier on Twitter to stay informed and join in the conversation.

Our Correspondent
Our Correspondent https://www.dailynationalcourier.com/author/our-correspondent
Daily National Courier is a leading morning English newspaper of twelve pages covering all international and national political developments on 24/7 basis.

NC Big Stories

Pakistani runner Amjad makes mark in Istanbul Marathon

KARACHI: Pakistani runner Amjad Ali delivered standout performance at the Istanbul Marathon on Sunday, recording a time of 2 hours, 49 minutes and 29 seconds to become the country’s fastest finisher in the race. Competing among thousands at th...

Aryan sets new 50m freestyle record at swimming nationals

LAHORE: Aryan Rehman Khawar of Punjab set a new national record in the 50m freestyle event of the National Swimming Championship here at the International Swimming Pool of the Nishtar Sports Complex. Aryan in a highly impressive performance clocked...

Pakistan unveil playing XI for first ODI against Australia

MELBOURNE: Pakistan Cricket Board (PCB) has announced the playing XI for the first ODI of the three-match series against Australia, scheduled to be played at the iconic Melbourne Cricket Ground (MCG) here today. “The men’s national selec...

New Zealand beats India in third test to complete 3-0 sweep

MUMBAI: New Zealand bowled India out for 121 to seal a 25-run win in the third and final test on Sunday and complete a 3-0 series sweep. Chasing 147 for victory, India capitulated on a tricky pitch at the Wankhede Stadium to be blanked at home for th...

More like this
Related

PM Shehbaz invites Qatari investors to explore Pakistani sectors

Doha: Prime Minister Shehbaz Sharif invited Qatari investors to explore Pakistan’s various economic sectors during his official visit to Gulf country. After securing investment pledges worth $ 600 million during his Saudi Arabia trip, he is in...

FBR increases property valuations in 56 cities

The Federal Board of Revenue (FBR) has raised property valuation rates for immovable properties in 56 cities. According to details, the FBR jacked up the property valuation rates by 75% of the actual market rates starting November 1, 2024. This decis...

Pakistan Railways faces 130pc surge in bogies’ import cost

ISLAMABAD: Amid strong objections from ministries of Finance and Planning, Pakistan Railways is seeking 130 percent increase in procurement cost of around 1,050 bogies to Rs 71 billion mainly because of currency depreciation and change of specificati...

Rupee records marginal decline against dollar

KARACHI: Rupee registered marginal decline against dollar, depreciating 0.02 percent in interbank market. At close, domestic unit settled at 277.74, loss of 0.06 paisa against greenback. In interbank market bid rate for dollar was to Rs 277.74 and f...
Need Help? Chat with us