The Central Development Working Party (CDWP) approves three development projects, worth Rs55.5bn, for Sindh and Azad Jammu & Kashmir.
The CDWP meeting was chaired by Deputy Chairman of Planning Commission Mohammad Jehanzeb Khan.
To construct a cancer hospital in Muzaffarabad, Azad Jammu & Kashmir, Rs3.4bn was approved which would be operated by the Pakistan Atomic Energy Commission (PAEC).
Two additional projects were proposed to the Executive Committee of the National Economic Council (Ecnec) for consideration.
Construction of an IT Park in Karachi was also discussed in the meeting where the proposal for its approval were forwarded to ECNEC for approval. The project envisages construction of an 11-storey IT park building near Jinnah International Airport.
The project was overwhelmingly funded by the Korean Economic Development Cooperation Fund (EDCF) and would be operated by the Pakistan Software Export Board (PSEB).
The IT park is estimated to have an economic international rate of return (EIRR) of 17.17pc and would generate employment and promote digitization in the country.
To bolster the existing health system which could deal with the immediate effects of infectious diseases the meeting also reviewed a Rs20.8bn worth of health sector project of the Sindh government and presented it to ECNEC for approval.