ISLAMABAD: The Cen­­tral Development Working Party (CDWP) on Tuesday cleared six projects with an estimated cost of Rs151.32 billion.

A meeting of the CDWP, presided over by Planning and Development Minis­ter Ahsan Iqbal, requested the Executive Committee of the National Economic Council (Ecnec) to formally approve two projects worth Rs140.129bn, and itself approved a total of four projects worth Rs11.2bn.

In the CDWP meeting, four development projects related to the higher education sector were presented and all of them were approved.

These include Develop­ment of Infrastructure at Lasbela University of Agriculture, Water and Marine Science Phase-II worth Rs1.85bn; establishment of National Centre for Nanoscience and Nanotechnology (new) worth Rs2.772bn; establishment of National Centre for Manufacturing (new) worth Rs4.29bn; and improvement of Academic Facilities at University of Karachi worth Rs2.292bn.

A project related to tourism sector — IDA-assisted (revised) Khyber Pakhtunkhwa Integrated Tourism Development Project — worth Rs27.304bn was referred to Ecnec for approval.

The project is proposed to be financed through World Bank loan.

It aims development of tourism in KP for economic growth, employment and revenue generation, progress of local communities and poverty reduction through construction of roads, tourism allied infrastructure,

visitor facilities, marketing, skills development, institutional and regulatory reforms and creating enabling environment for private sector operations.

A project related to the transport and communications sector — Khyber Pakhtunkhwa Rural Accessibility (revised) — worth Rs112.826bn was also referred to Ecnec for approval. The project is proposed to be financed through funding from World Bank (93.81pc) and the KP government (6.19pc).

Published in Dawn, March 19th, 2025

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Paying the price
Updated 18 Apr, 2025

Paying the price

Pakistan is trapped in a relentless cycle of climate volatility.
Political solution
18 Apr, 2025

Political solution

THOUGH the BNP-M may have ended its 20-day protest sit-in outside Quetta on Wednesday, the core issues affecting...
Grave desecration
18 Apr, 2025

Grave desecration

THE desecration of 85 Muslim graves at a cemetery in Hertfordshire in the UK is a distressing act that deserves the...
Double-edged sword
Updated 17 Apr, 2025

Double-edged sword

While remittances have provided critical support to current account, they have also been a double-edged sword.
Besieged people
17 Apr, 2025

Besieged people

DESPITE all the talk about becoming a ‘hard’ state, Pakistan is still looking incredibly soft when it comes to...
Deadly zealotry
Updated 17 Apr, 2025

Deadly zealotry

Murdering people and attacking firms is indefensible and only besmirches the Palestinian cause.