US $ 1.6bn to be spent on development projects in Balochistan: PM


ISLAMABAD: Prime Minister Muhammad Nawaz Sharif on Friday said that US $ 1.6 billion will be spent on development projects in Balochistan, with Gawadar, being developed as a model city.

Addressing the Cabinet Meeting, the Prime Minister said the development in Balochistan was priority area for the government and development plans to put Balochistan on road to progress, were being implemented expeditiously.

He further said that Gawadar was being developed as a model city and a socio-economic package has been planned for it, adding, Gawadar Airport and Sea Port were being developed on modern lines.

The Prime Minister told the Cabinet that US $ 1.6 billion will be spent on these projects and added he himself will monitor these projects.

He said the socio-economic package included provision of skilled manpower through training of human resource in different sectors including health and education, while development of health and education infrastructure to cater for the people of Balochistan have also been planned.

The Prime Minister said “the public money is sacred and we should ensure its judicious and efficient spending.” He said that the economy was the government’s top priority and it was providing equal attention to all parts of the country.

The Cabinet approved the tariff of US $ 0.66/MMBTU for LNG services project, secured through competitive bidding process by the Ministry of Petroleum and Natural Resources.

It also decided that the policy guidelines of the tariff, will be conveyed to OGRA.

The Cabinet further decided that other aspects of the commercial agreement will be settled between the two parties, Sui Southern Gas Company (SSGC) and EPTL of Qatar.

Petroleum Minister Shahid Khaqan Abbasi, while briefing the Cabinet, informed that the price of LNG was competitive with the international market.

He said the contract will be for 15 years and will provide 200 MMBTU of LNG in the first year and would be increased to 400 MMBTU from the 2nd year.

The Cabinet considered the following agenda items and decisions were taken as under:-

The Cabinet deferred Amendment in CDA Ordinance, 1960. The Cabinet considered and approved the Proposed Amendments in the Patent Ordinance 2000 Regarding Electronic Publication of patent journal.

It granted approval, in principle, for draft Bill for Creation of joint Maritime Information Organization (JMIO).

The Cabinet also approved Amendment in Foreign Exchange Regulation Act, 1947 (FERA, 1947).

It also approved SBP (Amendment) Bill 2010 and the SBP Banking Services Corporation Ordinance (Repeal) Bill 2010. The Cabinet approved Equity Participation Fund Repeal Bill-2014.

The Cabinet approved Reconsideration of the Decision of the Cabinet Regarding Repealing of Section 27B of the Banking Companies Ordinance, 1962.

It deferred Right to Information Bill, 2014 and the Prime Minister directed for further consultations with opposition and stakeholders.

The Cabinet considered the Constitution (Twenty-First Amendment) Bill 2013 and referred it to the relevant committee for further consideration.

Two amendments were proposed in Practitioners and Bar Councils Act, 1973.

The Cabinet approved one Amendment in the Legal Practitioners and Bar Councils Act, 1973. However it deferred the 2nd Amendment for further deliberations.

The Cabinet considered a Bill titled, “The Islamabad Subordinate Judiciary Service Tribunal Act, 2014” and referred it to Law Division for further review.

Approval, in principle, was granted of the Cabinet to start negotiations with the Government of the Republic of Turkey on Memorandum of Understanding in the field of environment.

Approval was given to start negotiations and approval for signing of Memorandum of Cooperation between the Chambers of Commerce and Industry of Turkmenistan and the Trade Development Authority of Pakistan.

It gave approval for signing of Protocol for the Period from Nov 2004 to Nov 2012 and approval for revision of Protocol between the Government of Pakistan and the People’s Republic of China for Scientific and Technical Cooperation in Surveying and Mapping.

The Cabinet gave approval, in principle, for negotiations of the draft agreement between the Ministry of Defence, Pakistan and the Ministry of Interior, UAE for secondment of qualified technical military personnel (Drum majors) to UAE.

It gave approval for signing the Memorandum of Understanding (MoU) between the Government of the Islamic Republic of Pakistan and Government of the United Republic of Tanzania on Defence Cooperation.

The Cabinet gave approval for signing of Revised Draft Agreement between the Ministry of Defence of the Russian Federation and the Ministry of Defence of the Islamic Republic of Pakistan on Military Cooperation.

The Cabinet gave approval, in principle, for negotiations of the Draft Memorandum of Understanding (MoU) between the Government of the Islamic Republic of Pakistan and the Government of the Socialist Republic of Vietnam on Defence Cooperation.

It considered to grant approval, in principle, for initiation of negotiations to the signing of Agreement between Pakistan and South Africa on Defence Industrial Corporation but deferred the matter.

While discussing this agenda item, the Prime Minister directed that the matter of production in defense sector was of immense importance and the Cabinet should be briefed on the matter in detail.

The Cabinet gave approval, in principle, to start negotiations on the Agreement on Economic Cooperation between Pakistan and Czech Republic.

It approved initiation of negotiations for signing of Reciprocal Agreement and Memorandum of Understandings (MoU) between the Government of Pakistan and the Government of Qatar.

The Cabinet gave, in principle, approval for negotiations of Memorandum of Understanding between the Supreme Audit Institutions of Pakistan and Vietnam on Cooperation on Auditing in Public Sector.

The Cabinet gave approval of initiation of negotiations between State Bank of Pakistan and Central Bank of Philippines for signing out MoU on cooperation in the field of banking supervision and exchange of information.

The Cabinet gave approval of initiation of negotiations between State Bank of Pakistan and Central Bank of France on signing of MoU on Cooperation in the field of Banking Supervision and Exchange of Information.

The Federal Cabinet approved the initiation of negotiation between the State Bank of Pakistan and Central Bank of Kenya (CBK) on cooperation in supervision of supervised institutions.

The Cabinet formally approved Framework Agreement in the field of housing development, signed during the visit of Prime Minister to Turkey on 16-18 September, last year.

The meeting nodded, in principle, to start negotiations between National Productivity Center of Turkey and National Product.

The Cabinet also approved, in principle, for starting negotiations regarding bilateral Memorandum of Understanding between the governments of the USA and Pakistan concerning the imposition of import restriction on archaeological material.

It was also approved to start negotiations with the government of the Djibouti for the holders of diplomatic and official passports.

The Federal Cabinet approved ratification of an agreement on transfer of offenders signed between Pakistan and Yemen.

The Cabinet approved signing of agreement between the governments of the Lao People’s Democratic Republic and Pakistan’s government visa on exemption for holders of diplomatic and official passports.

An approval for cooperation in the field of Higher Education and Scientific Research between the Ministry of Inter Provisional Coordination of Pakistan and Ministry of Higher Education and Scientific Research of the UAE, was also given.

The Cabinet also consented to signing the MoU between the Government of Pakistan and South Africa for cooperation in combating illicit trafficking in narcotic drugs, psychotropic substances and precursor chemicals.

The Federal Cabinet gave ex-post facto approval, in principle, to starting negotiations and signing of protocol on compliance of phytosanitary requirements between Federal Service for Veterinary and Phytosanitary Surveillance (Russian Federation) and Department of Plant Protection, Ministry of National Food of Plant Protection and Research, Government of Pakistan on mutual supplies of productions of high phytosanitary risk.

The Cabinet permitted, in principle, for entering into an agreement concerning the export of manpower from Pakistan with the Italian government.

The signing of MoU between governments of Turkey and Pakistan on sister seaport relation and cooperation was also approved by the Cabinet.

The Federal Cabinet nodded to starting negotiations and for signing of MoU on cooperation in preventing and combating pollution from ships between the Governments of Pakistan and Iran. On the occasion, the issue of pollution in Pakistan sea waters was also discussed.

The Prime Minister was informed that the Pakistani Sea has become a dumping ground for ship waste. To this, the Prime Minister directed Minister for Ports and Shipping to take concrete steps to make the seas pollution free.

The Cabinet approved the signing of MoU in the fields of standardization, metrology, certification, accreditation and the other related activities between Pakistan Standards and Quality Control Authority (PSQCA) and Jordan Institution of Standards and Metrology (JISM).

The Federal Cabinet approved the signing of MoU between Iran Powers Generation, Transmission and Distribution Management Company (TAVANIR) and National Transmission and Des-patch Company (NTDC) in the field of electricity transmission.

Source: APP

loading...
loading...