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 councilISLAMABAD: 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. “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. As a result of the ordinance’s expiry, the CPEC Authority stood dissolved.

Source: Pakistan Today October 19, 2020 18:00 UTC