National Development Council has approved constitution of China Pakistan Economic Corridor Authority for ensuring fast track implementation of CPEC projects.
The approval was given at the first meeting of National Development Council in Islamabad, with Prime Minister Imran Khan in the chair.
Development plan of Balochistan, Master Plan of Gwadar, Creation of CPEC Authority and Accelerated Development Plan 2019-20 for erstwhile FATA was discussed at the meeting.
A detailed presentation was made on the development plan of Balochistan that included measures to further improve security environment in the province and sectoral development of critical sectors for socio-economic betterment of the people of the province.
It was decided that every possible effort shall be made to enhance annual development spending of the province over next nine years enabling the province to overcome development challenges, reduce budget deficit and enhance its revenue generation capacity.
The forum also approved the feasibility studies for port at Gaddani and establishment of Special Economic Zone at Hub.
The National Development Council also discussed a ten-year Development Plan for erstwhile FATA and reiterated the commitment of Federal Government to ensure availability of allocated funds, timely releases and special dispensation for procurement of specialized execution agencies like NESPAK, FWO, NHA and facilitation for screened NGOs to operate within merged areas for their smooth and uninterrupted development.