{"id":67983,"date":"2020-07-15T11:00:46","date_gmt":"2020-07-15T06:00:46","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=67983"},"modified":"2020-07-15T11:00:47","modified_gmt":"2020-07-15T06:00:47","slug":"draft-prepared-granting-more-powers-cpec-authority","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/draft-prepared-granting-more-powers-cpec-authority.html","title":{"rendered":"Draft prepared for granting more powers to CPEC Authority"},"content":{"rendered":"\n<p>Islamabad: The federal government on Monday revealed that it had prepared a draft for granting more powers to the China-Pakistan Economic Corridor (CPEC) Authority, a news source reported. The draft proposes giving more financial, punitive, and administrative oversight to the authority, along with enshrining the role of the Prime Minister (PM) in its various affairs.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/work-on-m-8-to-resume-on-top-priority-cpec-chairman.html\" target=\"_blank\" rel=\"noreferrer noopener\">Work on M-8 to resume on \u2018top\u2019 priority: CPEC Chairman<\/a><\/p>\n\n\n\n<p>To this effect, Planning Commission Deputy Chairman Dr Jehanzeb Khan conducted the first meeting of the all the government stakeholders to review the progress of the proposed CPEC Authority Bill 2020.<\/p>\n\n\n\n<p>The meeting discussed the possible implications of the changes proposed for the CPEC framework agreement, which was signed between China and Pakistan more than five years ago. However, the officials concerned said that these changes were suggested to make the authority more effective for the implementation of multibillion-dollar projects.<\/p>\n\n\n\n<p>According to details, the draft proposes the removal of the planning minister as the co-chairman of the Joint Cooperation Committee (JCC) of the CPEC. It adds that the CPEC Authority\u2019s chairperson would co-chair the JCC along with the vice chairperson of National Development and Reform Commission (NDRC) of China. Other proposed changes include appointing a chief of staff for assisting the authority\u2019s chairperson.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/cpec-business-council-restructured-to-boost-industrialisation.html\" target=\"_blank\" rel=\"noreferrer noopener\">CPEC business council restructured to boost industrialisation<\/a><\/p>\n\n\n\n<p>The stakeholders attending the meeting stated that Pakistan should consult China before making these significant changes. Meanwhile, the CPEC Authority Bill 2020 also suggested the elimination of the planning ministry\u2019s administrative role and placement of the organisation directly under the supervision of the PM. However, the PM\u2019s role would only be limited to as defined in the bill, sourced added. The government plans to provide the authority with the powers of conceiving, planning, and implementing CPEC projects.<\/p>\n\n\n\n<p>The government has proposed a number of changes in the draft, which pertain to the CPEC Authority\u2019s location, composition, powers, and functions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The federal government on Monday revealed that it had prepared a draft for granting more powers to the China-Pakistan Economic Corridor (CPEC) Authority, a news source reported. The draft proposes giving more financial, punitive, and administrative oversight to the authority, along with enshrining the role of the Prime Minister (PM) in its various affairs. Read: Work on M-8 to resume on \u2018top\u2019 priority: CPEC Chairman To this effect, Planning Commission Deputy Chairman Dr Jehanzeb Khan conducted the first meeting of the all the government stakeholders to review the progress of the proposed CPEC Authority Bill 2020. The meeting discussed the possible implications of the changes proposed for the CPEC framework agreement, which was signed between China and Pakistan more than five years ago. However, the officials concerned said that these changes were suggested to make the authority more effective for the implementation of multibillion-dollar projects. According to details, the draft proposes the removal of the planning minister as the co-chairman of the Joint Cooperation Committee (JCC) of the CPEC. It adds that the CPEC Authority\u2019s chairperson would co-chair the JCC along with the vice chairperson of National Development and Reform Commission (NDRC) of China. Other proposed changes include appointing&hellip;<\/p>\n","protected":false},"author":68,"featured_media":64102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016,15017],"tags":[34609],"persona":[],"class_list":{"0":"post-67983","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"category-notices-announcements","9":"tag-details-on-draft-prepared-for-granting-more-powers-to-cpec-authority","10":"cat-15016-id","11":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CPEC Authority: Draft prepared for granting more powers - Zameen News<\/title>\n<meta name=\"description\" content=\"The federal government on Monday revealed that it had prepared a draft for granting more powers to the China-Pakistan Economic Corridor (CPEC) Authority.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/draft-prepared-granting-more-powers-cpec-authority.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CPEC Authority: Draft prepared for granting more powers - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The federal government on Monday revealed that it had prepared a draft for granting more powers to the China-Pakistan Economic Corridor (CPEC) Authority.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/draft-prepared-granting-more-powers-cpec-authority.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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