After the popular announcement made by Prime Minister Imran Khan regarding converting PM House into a modern university before the election of 2018, the Executive Committee of the National Economic Council (ECNEC) has approved the project at the cost of Rs 23.54 billion.

Read: ECNEC approves GB’s Attabad Power Project worth PKR 21.27

As per officials, the ECNEC approved the project regarding Pak University of Engineering & Emerging Technologies (PUEET), a research university, which will house various centers of excellence in the cutting-edge fields of science and technology and state-of-the-art Technology Park. The total cost of the project is Rs 23.54bn. The project will result in a better quality of education, build industry-academia collaboration and train graduates in new technologies.

According to sources, after a delay of around three years, the PC-I of the project was submitted and a project director was looking into the mega project.

Meanwhile, during the meeting of ECNEC which was chaired by the Federal Minister for Finance and Revenue, Mr Shaukat Tarin, projects worth over Rs 315.5bn were also approved in Khyber Pakhtunkhwa.

Read: CDA has decided to enforce Zoning Laws against Unauthorized Housing Cooperatives

The Provincial Finance Minister briefed the Committee that the KP Government is developing motorways/expressways to connect tourist spots which will not only increase the number of tourists but also ultimately increase the business/employment opportunities for the local population and contribute towards socioeconomic development of the area.

The ECNEC welcomed such projects to make Pakistan a hub of tourism for domestic and international tourists as envisaged by the Prime Minister.

For more updates, stay tuned to Sky Marketing News!