Islamabad: The Prime Minister Office (PMO) on Monday notified the establishment of the Pak-China Relations Steering Committee to overview, streamline and expedite the work on the projects launched under the auspices of the China Pakistan Economic Corridor (CPEC), news sources reported.
According to the details released from the PMO, the committee is created to expedite work on CPEC projects, as well as to eliminate issues and erase stumbling blocks in the completion of multibillion-dollar projects.
The 15-member steering body will be led by the Minister of Planning and Development Asad Umer and will include representatives from several branches of government, the military, and intelligence agencies.
The committee will act as an additional layer of oversight and progress supervision, ensuring that the projects receive the required assistance before the reports are forwarded to the CCoCPEC (Cabinet Committee on CPEC), which is also led by Mr Asad Umer.
The committed for USD 60 billion to be spent on various power generation, communication, and infrastructure projects, but only USD 28 billion has been invested so far, with 17 completed projects totalling USD 13 billion, and another 21 projects totalling USD 12 billion in progress, indicating stagnant development due to coordination issues. However, the letter states that with the creation of the committee, work would now proceed at a considerably quicker speed.