GILGIT: Gilgit-Baltistan Council at its meeting in Skardu chaired by Prime Minister approved 2.4 billion rupees budget for the next fiscal year.
Development expenditures have been estimated at 1.45 billion rupees.
In his remarks on the occasion, Prime Minister Shahid Khaqan Abbassi said that the federal government will continue to extend cooperation for equal development of all the areas in the country.
Highlighting unique geographic location of Gilgit-Baltistan, he said the area can greatly benefit from China Pakistan economic corridor project.
He said we have work in real terms for the socio economic development of the area.
The Prime Minister said it is the first government which practically started work on Diamer Bhasha Dam. Development of the country is our priority.
Shahid Khaqan Abbasi said it is a matter of great satisfaction that the democratic process is moving forward in Gilgit-Baltistan.
Chairman National Highway Authority Shahid Ashraf Tarar gave a detailed briefing to Prime Minister Shahid Khaqan Abbassi in Skardu today on the ongoing infrastructure projects including Jaglot-Skardu road in Gilgit Baltistan.
He said that 164 kilometers long Jaglot-Skardu road will be constructed at a cost of thirty one billion rupees in three years time.
The Chairman said that the FWO is carrying out construction work on the road on the built, operate and transfer basis.
Later, Prime Minister Shahid Khaqan Abbasi inaugurated Baltistan University in Skardu.
Executive Director of Higher Education Commission gave briefing to the Prime Minister on the university.
The university will enroll two thousand students for higher education.
The Prime Minister was briefed that Karakoram University Campus has been upgraded to Baltistan University.
Gilgit-Baltistan Government has allocated 1500 kanals of land for the university which would be set up at a cost of 1.77 billion rupees.
A medical college would also be opened under the University.