ISLAMABAD The Central Development Working Party (CDWP) on Tuesday cleared seven development projects with an estimated cost of about Rs560 billion, including two foreign-funded schemes to secure $1.7bn financing from the World Bank and the Asian Development Bank.

Of them, three mega projects beyond the financial powers of the CDWP worth Rs545bn were referred to the Executive Committee of the National Economic Council (Ecnec) with the recommendation for their formal approval.

The remaining four smaller projects worth Rs15bn were approved at the CDWP meeting presided over by Minister for Planning and Deputy Chairman of the Planning Commission Ahsan Iqbal.

As such, four projects approved by the CDWP included two in the health sector and one each in youth and manpower and science & technology. The........

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