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Pakistan, China to have 350 km shorter road connectivity as alternate to CPECKashmir, Kashmir -POK 2021-05-20, by Editor Comments Off 0
ISLAMABAD: Pakistan and China will soon have a new and alternative short road connectivity as an alternative to the China Pakistan Economic Corridor (CPEC) which would be constructed by Pakistan at the cost of Rs 50 billion.
The new route funded by the Pakistani government will be in addition to the Shandur route connecting to China under the CPEC and will help expedite the pace of economic development between the two countries. The route would be around 350 kilometers shorter than the existing via Khunjerab pass.
Daily Times
May 19, 2021
ISLAMABAD: Pakistan and China will soon have a new and alternative short road connectivity as an alternative to the China Pakistan Economic Corridor (CPEC) which would be constructed by Pakistan at the cost of Rs 50 billion.
The new route funded by the Pakistani government will be in addition to the Shandur route connecting to China under the CPEC and will help expedite the pace of economic development between the two countries. The route would be around 350 kilometers shorter than the existing via Khunjerab pass.
In an official letter written to Gilgit Baltistan’s Works Department (GBWD), it has been asked to prepare a concept clearance proposal for new route which would pass through Shigar, Skardu, and Astor districts and connect to Muzaffarabad district of Azad Jammu and Kashmir (AJK).
PM Imran Khan to announce development package during Gilgit Baltistan visit today
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PM Imran Khan is visiting Gilgit Baltistan today.
The PM will inaugurate different development projects during his visit.
He will also visit the site of Diamer Basha dam, where the WAPDA chairperson will brief him about the mega project.
ISLAMABAD: Prime Minister Imran Khan, during his day-long visit to Gilgit Baltistan today, will announce a development package and inaugurate three major Ehsaas programmes.
According to a statement by SAPM on Poverty Alleviation and Social Protection Sania Nishtar, the prime minister will announce the roll-out of Ehsaas Nashonuma, Ehsaas Secondary Education Stipends and Ehsaas One Woman One Account initiatives for the people of Gilgit Baltistan.
Rs800b proposed for PSDP in budget
Top Story
April 22, 2021
ISLAMABAD: The budget-making process for 2021-22 has kick-started as the Ministry of Finance has shared Indicative Budget Ceiling (IBC) with the Ministry of Planning for allocation of Rs800 billion for Public Sector Development Programme (PSDP) in the next budget 2021-22.
“Yes, the Ministry of Finance has shared the IBC for allocation of development funds under the PSDP to the tune of Rs800 billion for the upcoming budget,” the official communication sent by the Finance Division to Ministry of Planning reads out here on Wednesday.
The utilisation of development funds both at the federal and provincial levels remained pathetic during last two years. The Planning Commission released full funds for the fourth quarter (April-June) period of the outgoing fiscal year but the utilization failed to get momentum so far. It is yet to seen how the utilization of development funds will be geared up after Eid Ul Fitr. Out of t