Skip to main content

Govt set to introduce new law to fast-track CPEC projects


The draft law proposes abolishment of CEO position for CPEC Authority, reduction in the powers of CPEC Authority chairman in decision making, and an end to the authority’s powers to constitute a business council


ISLAMABAD: The government has decided to introduce a fresh law to fast-track China-Pakistan Economic Corridor (CPEC) projects, sources revealed on Monday.

As per details, the Cabinet Committee on the Disposal of the Legislative Cases (CCLC) had recently approved a draft law pertaining to the CPEC Authority. The federal cabinet is likely to ratify the newly-drafted law before presenting it in the National Assembly.

“Following the expiry of the CPEC Authority Ordinance 2019, the government has prepared a fresh draft of CPEC Authority Bill 2020 to amicably deal with issues pertaining to CPEC Authority and to speed up the pace of CPEC projects which are important for the economic development of the country,” an insider informed.

The CPEC Authority was established through CPEC Authority Ordinance 2019 on 5th October 2019 for the purpose of coordination, evaluation and monitoring of CPEC-related activities across the country.

The ordinance expired on 31st May 2020 after the grant of a one-time extension of 120 days through a resolution. As a result of the ordinance’s expiry, the CPEC Authority stood dissolved.

Sharing details of the proposed law, sources said that it has been proposed to abolish the position of chief executive officer of CPEC Authority, reduce the powers of CPEC Authority chairman in decision making process and an end to the CPEC Authority’s powers to constitute CPEC Business Council.

As per the draft law, “The authority may call for any pertinent information, required by it from any person, institution or body that is or has been involved directly or indirectly in any CPEC-related activity, while any person or its authorized officer will be bound to provide this information within the period prescribed by the authority or such officer.”

Similarly, the authority, in the performance of its functions, can seek assistance or facilitation of office, authority or agency working under the government or a representative designated by the provinces and territories. In this regard, provinces and territories may appoint a representative to provide input and assist the authority in performance of the functions under the new law.

The decision of the authority will be taken by the majority of total members, and the quorum for a meeting will be two-thirds of the total members while fraction being counted as one.

There will be a CPEC Business Council to be notified by the Board of Investment, which will advise the authority in accordance with the memorandum of understanding (MoU) signed between the National Development and Reforms Commission of China and Pakistan’s Ministry of Planning Development and Special Initiatives.

The BOI will act as secretariat of the business council and will meet periodically.

It has also been proposed that a single line budget will be provided to the authority and the chairperson will be the principal accounting officer of the authority. The budget prepared by the authority will be reviewed by the budget committee consisting of three members, two to be nominated by the CPEC Authority and one member by the administrative authority. The authority may establish CPEC Fund to further its objectives on the terms and conditions approved by the finance division.

The authority, in addition to the audit under sub-section (1), will cause its accounts to be annually audited by a chartered accountant or a firm of chartered accountants.

It is pertinent to mention that the proposed law was shared with the Prime Minister’s Office for consideration, after which the PM directed the submission of the draft legislation for consideration of the cabinet.

https://profit.pakistantoday.com.pk/2020/10/19/govt-set-to-introduce-new-law-to-fast-track-cpec-projects/


Comments

Popular posts from this blog

SSG Commando Muddassir Iqbal of Pakistan Army

“ Commando Muddassir Iqbal was part of the team who conducted Army Public School operation on 16 December 2014. In this video he reveals that he along with other commandos was ordered to kill the innocent children inside school, when asked why should they kill children after killing all the terrorist he was told that it would be a chance to defame Taliban and get nation on the side. He and all other commandos killed children and later Taliban was blamed. Muddassir Iqbal has deserted the military and now he is  with mujahedeen somewhere in AF PAK border area” For authenticity of  this tape journalists can easy reach to his home town to interview his family members or   ISPR as he reveals his army service number” Asalam o Alaikum: My name is Muddassir Iqbal. My father’s name is Naimat Ali. I belong to Sialkot divison (Punjab province), my village is Shamsher Poor and district, tehsil and post office  Narowal. Unfortunately I was working in Pakistan army. I feel embarrassed to tell yo

CPEC Jobs in Pakistan, salary details

JOBS...نوکریاں چائنہ کمپنی میں Please help the deserving persons... Salary: Salary package in China–Pakistan Economic Corridor (CPEC) in these 300,000 jobs shall be on daily wages. The details of the daily wages are as follows; Welder: Rs. 1,700 daily Heavy Duty Driver: Rs. 1,700 daily Mason: Rs. 1,500 daily Helper: Rs. 850 daily Electrician: Rs. 1,700 daily Surveyor: Rs. 2,500 daily Security Guard: Rs. 1,600 daily Bulldozer operator: Rs. 2,200 daily Concrete mixer machine operator: Rs. 2,000 daily Roller operator: Rs. 2,000 daily Steel fixer: Rs. 2,200 daily Iron Shuttering fixer: Rs. 1,800 daily Account clerk: Rs. 2,200 daily Carpenter: Rs. 1,700 daily Light duty driver: Rs. 1,700 daily Labour: Rs. 900 daily Para Engine mechanic: Rs. 1,700 daily Pipe fitter: Rs. 1,700 daily Storekeeper: Rs. 1,700 daily Office boy: Rs. 1,200 daily Excavator operator: Rs. 2,200 daily Shovel operator: Rs. 2,200 daily Computer operator: Rs. 2,200 daily Security Supervisor: Rs.

RWR Advisory: Belt and Road at a Glance

This edition covers developments from March 12 - March 26..  Belt and Road at a Glance   Subscribe to the Belt and Road Monitor Top Developments China National Machinery Industry Corporation, commonly known as Sinomach, has agreed to  build  a $845 million, 255-mile railway across  Iran , building upon a sustained period of growth for Chinese investment in Iran that accelerated after Xi Jinping’s state visit to the country in January 2016. The railway will link the cities of Tehran, Hamedan and Sanandaj. China Civil Engineering Construction, a subsidiary of CRCC, is currently also  building  a 263-km railway line from Kermanshah to Khosravi. According to Chinese entrepreneur Lin Zuoru, who  owns  factories in Iran, “Iran is at the center of everything.”On March 23, China’s Ministry of Commerce announced that foreign direct investment by Chinese companies in 50 Belt and Road countries fell by 30.9% year-on-year. While the Ministry stated that this number covers investment across al