Despite the lack of allocation, ECNEC okayed the grand scheme
Islamabad: The caretaker government on Monday approved nine projects worth 372 billion rupees, including a mega-scheme that is not part of the current fiscal year’s development spending and lacks funds – in violation of the Public Finance Management Act. Out of a total of 12 projects costing Rs 626 billion presented before the Executive Committee of the National Economic Council (ECNEC), led by caretaker finance minister Dr Shamshad Akhtar, two worth Rs 214 billion were withdrawn. The ECNEC postponed approval of a project, the Thal Grand Canal, due to a serious dispute between Sindh and Punjab. According to a statement
