Finance Minister, Mohammad Ishaq Dar, chaired a meeting of the Executive Committee of the National Economic Council (ECNEC) today. The Committee considered and approved various projects relating to climate change, energy, health, and higher education sectors.
Green Pakistan Programme:
On a proposal of the Ministry of Planning, Development & Reform, the ECNEC approved the project regarding Green Pakistan Programme – Revival of Forestry Resources in Pakistan at an estimated cost of Rs. 3652.142 million. The project aims at plantation of indigenous and fast growing local tree species along canal/road sides in Punjab, KP and Sindh, Olive and Kikar Phulai forests in Kala Chitta, Pabbi Rasul and Fort Monroe in Punjab, Mangrove forest in Sindh, Juniper in Balochistan and plantation to check erosion in GB and AJK, etc.
Health Care Projects for KP, Sindh & Balochistan:
Projects of Expanded Programme of Immunization (EPI) Balochistan at a total cost of Rs. 4,998.91 million with foreign exchange component of Rs. 713.93 million, Expanded Programme of Immunization (EPI) Khyber Pakhtunkhwa at a total cost of Rs. 6, 493.55 million including foreign exchange component of Rs. 1, 260.00 million and Sindh Immunization Support Programme (SISP) at a total cost of Rs. 8, 048.92 million including foreign exchange component of Rs. 2, 730.00 million were approved by the ECNEC.
ECNEC after discussion allowed the Finance Division to release development funds for already approved 1230 MW (Gross) Combined Cycle Power Plant at Haveli Bahadur Shah and 1223 MW (Gross) Combined Cycle Power Plant Balloki.
ECNEC approved the compliance report on Neelam Jhelum Hydroelectric Project with the direction to WAPDA to formulate proper policy guidelines in the light of the Ministry of Water & Power recommendations and to adhere the timelines.