Cabinet to keep powers of CPEC Authority restricted

ISLAMABAD: The cabinet has turned down a plan for granting immunity to everyone on the China-Pakistan Economic Corridor (CPEC) Authority and unfettered powers to the authority for making regulations. Instead, the cabinet has formed a ministerial committee to examine the anomalies, reported The Express Tribune.

The anomalies in administrative structure of the CPEC Authority were pointed out in a recent meeting of the cabinet, chaired by Prime Minister Imran Khan.

According to the report, he cabinet considered recommendations of the Cabinet Committee for Disposal of Legislative Cases (CCLC) for notifying and promulgating the CPEC Authority ordinance. The ordinance is aimed at setting up the authority for monitoring CPEC projects.

The cabinet committee made the recommendations after reviewing the draft legislation.

Article continues after this advertisement

A memorandum of understanding for the CPEC project was signed by the governments of Pakistan and China. Focal ministries of Pakistan and China for the project were the Ministry of Planning and Development and the National Development and Reform Commission respectively.

It was also agreed to hold regular meetings of the Joint Cooperation Committee and establish working groups for different sectors.

Earlier in a meeting held on May 20, 2019 and chaired by PM Imran, it was decided to establish the CPEC Authority. The National Development Council has approved the constitution of the authority in a bid to ensure fast-track implementation of CPEC projects.

- Advertisement -
- Advertisement -

Must Read

Amazon eyes cryptocurrency but not poised for Bitcoin

NEW YORK: Amazon on Monday denied a report that the e-commerce giant planned to begin accepting Bitcoin payments by the end of this year,...