ISLAMABAD, Jan. 22 (Gwadar Pro) - Pakistan’s key decision-making body, the Executive Committee of the National Economic Council (ECNEC), Thursday evening approved Rs 37.9 billion worth Pak-China Optical Fiber Cable (OFC) Project Phase II.
Phase-II of the “Pak-China Optical Fiber Cable (OFC) Project for Establishment of Cross-Border OFC Network (Khunjerab-Karachi) Along China Pakistan Economic Corridor (CPEC) Routes” was approved at the total cost of Rs 37.9 billion.
The project will provide alternate path for international connectivity through Northern Border of Pakistan with China and would transform Pakistan as a Digital Gateway of regional connectivity.
The COVID-19 response and other Natural Calamities Control Program was approved by the ECNEC at the cost of Rs 70 billion as federal share, said the statement.
Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh, chaired a meeting of the Executive Committee of the National Economic Council (ECNEC)