Planning Minister Ahsan Iqbal has passed instructions to the concerned officials to begin the process for abolishing the authority, reports The Express Tribune.

We will move a summary seeking Prime Minister Shehbaz Sharif’s approval to abolish the CPEC Authority, Iqbal confirmed to The Express Tribune.

“It is a redundant organisation with a huge waste of resources which has thwarted speedy implementation of the CPEC,” said the minister.

The decision to wind up the CPEC Authority was in line with the Pakistan Muslim League-N’s old policy that was never in favour of establishing a parallel setup.

Pakistan witnessed the formation of a new government recently when ex-PM Imran Khan lost the no-confidence motion brought against him.