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Nawaz Backs NFC Share for GB and AJK as CDWP Sends Costlier Karachi Yellow Line to ECNEC

Punjab transporters ended their strike after talks led by Senior Minister Maryam Aurangzeb.

Overview

  • Former prime minister Nawaz Sharif said Gilgit-Baltistan and Azad Kashmir should receive National Finance Commission funds and vowed to take up the issue with Prime Minister Shehbaz Sharif.
  • The Central Development Working Party approved projects worth Rs10.55 billion and recommended four schemes totaling about Rs256 billion for ECNEC consideration.
  • The Karachi Yellow Line’s revised cost was cleared at Rs178.59 billion, reflecting a roughly 190% increase from the 2019 estimate of Rs61.43 billion.
  • Following negotiations with the Punjab government, transporters announced an immediate end to their strike and agreed to a joint committee that meets Saturday.
  • During his Turkmenistan visit, Prime Minister Shehbaz Sharif met Russian President Vladimir Putin in a notably warm exchange and also held talks with leaders from Türkiye and Iran.