Islamabad: National Economic Council (NEC) has approved the total development outlay for the next fiscal year of 2,100 billion rupees including 900 billion rupees for Public Sector Development Program (PSDP).

As per details, the council which met in Islamabad with Prime Minister Imran Khan in the chair, approved the Macroeconomic Framework for Annual Plan.

While addressing the meeting, Imran Khan emphasized on increasing the pace of implementation of development projects to ensure that the gains made through stabilization of the economy could be translated into economic growth resulting in the well-being of the people.

As per the Gross Domestic Product (GDP), the meeting approved growth projections for the financial year 2021-22 including the proposed growth target of 4.8%.

These include Sukur-Hyderabad Motorway and Sialkot-Kharian Motorway, which are at an advanced stage.

Other major projects such as Karachi Circular Railway, KPT-PIPRI Freight Corridor, Kharian – Rawalpindi Motorway, Balkasar – Mianwali Road, Quetta – Karachi – Chaman Highway are also likely to be launched.