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ECNEC approves Rawalpindi metro bus project

Federal Government will contribute 13.419 billion rupees in the project.

ISLAMABAD (Web Desk) - Executive Committee of National Economic Council (ECNEC) has approved thirteen kilometres long portion of Rawalpindi-Islamabad metro bus service project which will be completed at a cost of 23.839 billion rupees.

The decision was taken in ECNEC’s meeting, held here on Saturday under the chair of Federal Finance Minister Ishaq Dar.

Under the plan‚ the Federal Government will contribute 13.419 billion rupees in the project whereas Punjab Government will chip in 10.419 billion rupees.

Addressing the meeting‚ Finance Minister Ishaq Dar said 1.5 billion dollars given by friendly countries is reflective of confidence on Prime Minister Nawaz Sharif and policies of his government.

He said the amount is a gift from friendly countries for the people of Pakistan without any condition.

Finance Minister said it is the desire of these countries not to reveal their names.

Ishaq Dar said after his statement‚ all rumours in this regard should come to an end. He said we should not indulge in any controversy in this regard.

The minister said the government is executing a number of projects under Pakistan Development Fund‚ including energy‚ transmission‚ communication and economic corridor.

Ishaq Dar said international financial institutions have acknowledged economic progress in the country.

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