Government to Allocate Rs 55 billion for CPEC Project

Government to Allocate Rs 55 billion for CPEC

Islamabad: Federal Government to allocate Rs.55 Billion specifically for China Pakistan Economic Corridor CPEC project in the fiscal year budget 2021-2022. It does not match with the holdings a total of 1.6 Trillion.

According to media reports, 25 Projects related to China Pakistan Economic Corridor have been included in Public Sector Development Program.

The government has decided to allocate Rs.55 Billion for different China Pakistan Economic Corridor Projects. These projects will complete soon.

CPEC funds cost 1.6 Trillion after the increment while 305 Million have been spent.

Development Minister Asad Umar while addressing the media state that the next phase of the China Pakistan Economic Corridor Project is most connects closely to Private Sector. There will be less burden on Public Sector.