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National development outlay of Rs2,101b to be approved on Monday


National development outlay of Rs2,101b to be approved on Monday
Top Story
June 5, 2021
ISLAMABAD: With proposed allocation of Rs62 billion for CPEC projects, including a meager allocation of just Rs7 billion for much-awaited Mainline (ML-1), the National Economic Council (NEC) is all set to approve the national development outlay of Rs2,101 billion for the next budget on coming Monday.
The NEC is scheduled to meet under the chairmanship of Prime Minister Imran Khan on coming Monday. Out of the total estimated cost of Rs1.1 trillion for construction of much-awaited railways Mainline-1 under CPEC projects, the government is going to allocate just Rs7 billion in the upcoming budget. Official sources said that the financing of ML-1 was not yet finalized with the Chinese side, so the government preferred to keep token allocation to make this project part of the Public Sector Development Program (PSDP). The cost of ML-1 has been estimated at Rs 1.1 trillion. ....

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