Tendersinfo keep you informed about the latest events in the national and international Procurement Industry. Procurement News provides in-depth coverage of the procurement industry, including contract awards, contract additions, new contract wins, mergers and acquisitions. Tendersinfo through its tender news section provides an update on all domestic and global tendering opportunities, invitation to bid & trade leads.

Publish Date : 21-Apr-2014

Federal Minister for Finance, Senator Mohammad Ishaq Dar chaired the meeting of the Executive Committee of the National Economic Council (ECNEC) at Prime Minister’s Office today.

The ECNEC approved the "Establishment and Operation of Basic Education Community Schools in the Country" project with a rationalized cost of Rs.4282.059 million. The community schools in the project will spread all over the country and the Ministry of Education, Training and Standard in Higher Education will execute the project in 36 months. The project will bring the out of school children to schools and increase the overall literacy rate in the country.

The ECNEC approved reconstruction and rehabilitation of 277 flood damaged school buildings in ten districts of AJ&K with a rationalized cost of Rs.3865.035 million with IDB share of Rs.3500.010 million. The remaining will be the share of GOP (AJ&K). The project will be executed through Department of School Education AJ&K and completed by March 2019. It may be mentioned that the Floods of 2010 badly affected the infrastructure of Pakistan including AJ&K. In order to reconstruct and rehabilitate the damaged school buildings in AJ&K, the Finance Minister emphasized on timely completion of the project. He said that enhancing access to education is one of the key priorities of the Government of Pakistan. The project will also help increase literacy rate of AJK from 67% to 95% by 2019.

The ECNEC considered and approved eight projects of the Ministry of Water and Power for augmentation and extension of 132/11KV Transformers/Power Distribution Enhancement Investment Programme Tranche-4 for distribution companies; IESCO (Rs.2061.657 million), FESCO (Rs.1833.842 million), HESCO (Rs.1291.945 million), GEPCO (Rs.1008.318 million), MEPCO (Rs.3678.794 million), LESCO (Rs.4808.214 million), QESCO (1183.566 million) and PESCO (Rs.2749.737 million). The projects envisage up-gradation/extension of existing grid stations for uninterrupted and sustainable power supply to the consumers. The implementation period for the projects is 2014-16.

The ECNEC approved the project "Construction of Low Cost Housing Units for Earthquake Affectees of District Awaran, & District Kech, Balochistan" with a modified cost of Rs.4 billion. The Government of Pakistan will share 50% cost (grant) and the remaining 50% will be provided by the Government of Balochistan. Rs.2.0 billion has already been provided by the Federal Government and the Government of Balochistan. The project aims at award of cash grants of Rs.220,000/- to each house-owner for reconstruction of low cost two-room house; besides provision of solar electrification units. The project also aims at provision and installation of 18 community solar pumps for provision of water. The project will be implemented through "Owner Driven Reconstruction Strategy".

Go to previous page