In a recent development, the government of Pakistan has given the green light to several mega projects worth a staggering Rs822 billion. These projects cover a wide range of sectors, from education to infrastructure, aiming to boost economic growth and improve the lives of the citizens.
The decisions were made during a meeting of the Executive Committee of the National Economic Council (Ecnec) chaired by Federal Minister of Finance, Ishaq Dar. Let's delve into the details of these transformative initiatives:
1. Modernization of Hydromet Services (Rs14.5 Billion)
The Aviation Division's project for the modernization of hydromet services secured approval with a budget of Rs14.5 billion. The Pakistan Meteorological Department will execute this essential project nationwide, with funding support from the World Bank under the Post-flood 2022 Reconstruction Programme. The improved hydromet services will enhance weather forecasting capabilities, enabling better preparedness for natural disasters and weather-related challenges.
2. Water Requirement for K-IV Project (Rs40 Billion)
The Ministry of Water Resources' project for "Water Requirement for K-IV Project Improvement of Kalri Baghar Feeder & Keenjhar Lake - Plain Cement Concrete Lining of Karli Baghar Feeder Upper Phase-I Project" received approval with a budget of Rs40 billion. This project will be carried out in Jamshoro and Thatta districts of Sindh province. The federal and Sindh governments will share the project cost equally, aiming to improve water management and supply in the region.
3. Lahore Ring Road-Southern Loop (SL-3) Construction (Rs17.8 Billion)
Ecnec gave the green light to the "Lahore Ring Road-Southern Loop (SL-3) Construction of Road from Raiwind Road up to Multan Road" project in Lahore district, with a total cost of Rs17.8 billion. The government of Punjab's Annual Development Plan will entirely finance the project, which aims to enhance transportation infrastructure and alleviate traffic congestion in the area.
4. Prime Minister's National Programme for Solarisation of Agriculture Tube Wells (Rs377 Billion)
The committee approved a revised version of the "Prime Minister's National Programme for Solarisation of Agriculture Tube Wells in Punjab, Sindh, K-P, and Balochistan" with a revised budget of Rs377 billion. This project will now include existing pumping systems in small dams, ponds, rivers/streams, and nullah ponds, serving the same purpose as tube wells. The initiative aims to promote sustainable agriculture practices and ensure efficient use of water resources.
5. Khawazakhela-Besham Expressway (Rs79.2 Billion)
Ecnec granted approval for the construction of the Khawazakhela-Besham Expressway in Shangla and Swat districts of Khyber-Pakhtunkhwa (K-P). With a budget of Rs79.2 billion, the National Highway Authority will execute this significant infrastructure development project. The expressway is expected to improve connectivity in the region and stimulate economic activities.
6. Lahore-Sahiwal-Bahawalnagar Motorway (Rs263.8 Billion)
The ambitious Lahore-Sahiwal-Bahawalnagar Motorway project covering 295 km received approval at a cost of Rs263.8 billion. This transformative infrastructure initiative will be executed in Bahawalpur, Kasur, Lahore, Okara, Pakpattan, and Sahiwal districts of Punjab. The project will be financed by the Public Sector Development Program (PSDP) and is set to enhance regional connectivity and stimulate economic growth in the a
The government's approval of these mega projects signifies a significant step towards Pakistan's progress and development. These initiatives aim to address key challenges in various sectors, fostering economic growth, and improving the overall quality of life for its citizens. The allocation of substantial funds to education, infrastructure, and agriculture demonstrates the government's commitment to uplift the nation and pave the way for a brighter future.
