Inside Financial Markets

The Executive Committee of the National Economic Council (ECNEC) Meeting Review

The Executive Committee of the National Economic Council (ECNEC) which met here Tuesday, under the Chairmanship of Finance Minister, Senator Ishaq Dar, considered various project proposals in the spheres of health, communication and water supply.

The ECNEC discussed at length the proposal of Ministry of National Health Services, Regulations and Coordination regarding the Expanded Programme of Immunization (EPI) spanning over the period from 2015-16 to 2019-20 and gave its approval for the project. The project would cost Rs.37,644.68 million and will be financed by the Federal as well as Provincial governments. The program envisages protecting children of 1 year age against nine vaccine preventable diseases (VPD) including childhood tuberculosis, polio, diphtheria, pertussis, tetanus, hepatitis-B, Haemophilus influencza Type B, measles and pneumonia. The EPI also aims at protecting pregnant women against tetanus toxoid and the newborn babies against tetanus neonatrum. EPI also has the objective to eradicate, eliminate, reduce and control vaccine preventive diseases (VPD) for implementation and execution by Federating Units. The Programme will protect children under five years of age against the complications and mortality caused by diarrheal diseases by proper case management. The programme shall cover the whole country including ICT, FATA, GB and AJK. The Ministry of National Health Services will undertake procurement of the vaccine under a centralized system.

ECNEC considered and approved in principle the proposal from Ministry of Ports and Shipping for provision of coal conveying system from Pakistan International Bulk Terminal (PIBT) to Railway network at Port Qasim. Under the project, construction of coal conveying system measuring 4.8 KM and laying of 8 KM railways track with allied structures and facilities for transportation of coal from PIBT coal terminal to railway siding and loading of coal onto railway wagons for onward transmission to the proposed coal fired power plants will be undertaken.mandra chakwal road project

ECNEC had detailed discussion on the project regarding construction of additional carriageway of Indus Highway N-55, Sehwan-Khairpur Nathan Shah, Ratodero Section (approx 200 KM). The project was approved at the revised cost of Rs. 22,299.00 million including FEC of Rs 20,478.00 million.

ECNEC approved the project of Ministry of Housing and Works regarding dualization & improvement of Mandra Chakwal Road project (64 Km) at a revised cost of Rs 9332.006 million. The project aims at improving /rehabilitating 64 Kms existing road and construction of additional 2 lanes carriageway to make it a dual carriageway facility besides providing allied facilities  & structures.  The forum was informed that the upward revision in the cost is due to the enhanced  scope of work which includes increased width of both carriageways from 6.1m to 7.3m, provision of Chakwal bypass (14.5km) plus additional land cost of Rs.470.00 million.

ECNEC discussed and approved Baluchistan P&D Department’s proposal regarding improvement, widening and construction of Kohlu-Sibi Road at a revised cost of Rs. 6,544.645 million. The project envisages rehabilitation, improvement, sidening and construction of 174.142 km long road to 6.5m wide triple surface treatment(TST) road having formation width of 24ft with 2.5 ft shoulders on either side from Kohlu uto Sibi passing through Maiwand, Chakkar Kili and RES Mor. The forum was informed that the upward revision in the cost is due to the increase in the road length by 11.642 Km.MWP

Ministry of Water and Power’s proposal about Construction of Mangi Dam and Water Conveyance System in the districts of Ziarat and Quetta, Baluchistan was approved by ECNEC at the total cost of Rs. 9,334.078 million. As per decision of the CDWP, the cost sharing by the federal government and the provinces would be on 50-50 basis. A steering committee comprising federal and provincial government officials will supervise the project. The main objective of the project is to reduce the existing shortfall in the water demand in the area.

Baqar Hussain

A Wannabe CFO, just had stepped in the corporate sector, willing to explore every aspect here and learn as mush as i can, awareness for those who dont, get the info where ever possible and stay up to date always.

The Canadian Securities Institute


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Inside Financial Markets was a joint publication of Pakistan Stock Exchange (PSX)and Society of Technical Analysts Pakistan (STAP)