The total cost of the ITTMS project has been estimated at Rs31,626.2 million which included the foreign exchange component
of Rs 26049.7 million.
The Central Development Working Party (CDWP) had recommended the project for for the ECNEC's consideration at a total cost of Rs 45.989 billion with Foreign Exchange Component
(FEC) of Rs 30.1798 billion.
The meeting approved the foreign exchange component
(FEC) of Rs189.793bn which constitutes 56.55 per cent of the total amount.
The foreign exchange component
of the project is Rs 10000 million while Rs 2500 million will be funded through PSDP.
The Central Development Working Party (CDWP) approved first phase of the project for setting up 150 industrial stitching units on January 15, 2018 during the tenure of previous PML-N government at a cost of Rs350.54 million without any foreign exchange component
with 40% equity share.
The government, in its Federal PSDP, had earmarked Rs 1470.2 million for the Revenue Division projects, with foreign exchange component
of Rs 552 million, according to the latest data released by of Ministry of Planning, Development and Reform.
Next in line is Diyamer Bash dam for which the issue of arranging foreign exchange component
of funding is yet to be sorted out.
TTG Events, secretariat of the 2019 Travel Exchange component
, has announced the enthusiastic participation of 400 buyers and more than 100 media partners from all corners of the globe.
Islamabad slashed PSDP to Rs675bn, including Rs531bn of local funds and Rs144bn of foreign exchange component
instead of budgeted allocation of Rs1,001bn.
According to official sources, the government had earmarked Rs 27,064.708 million in the PSDP for the Finance Division projects, with foreign exchange component
of Rs 715.402 million.
The depreciation of the peso against the US dollar also improves coal earnings in terms of higher local currency equivalent of Semirara's export receipts while local prices are also lifted by the foreign exchange component