ECC approves procurement of over 5 million tons of wheat
The Economic Coordination Committee (ECC) has approved procurement of 5.15 million tons of wheat target with financial limit of 158.5 billion rupees this year.
The ECC, which met in Islamabad on Wednesday with Prime Minister's Adviser on Finance Dr Abdul Hafeez Shaikh, also approved additional supply of 150 MW of power through National Grid to K-Electric to address power shortage in Karachi.
The Committee approved additional subsidy amounting to 1.8 billion rupees to Tribal Electric Supply Company (TESCO) for the month of Ramazan to provide additional power supply to the seven tribal agencies of ex-FATA. The Power Division informed that the government has been paying the electricity bills of domestic consumers of former tribal agencies through a subsidy of 1.3 billion rupees per month.
ECC acceded to the proposal of Earthquake Reconstruction and Rehabilitation Authority by granting tax exemption to the projects being constructed under Saudi Fund for Development Grant.
It waived off Karachi Port Trust's storage charges on the consignments of rice to be distributed among the needy people by a non-profit welfare organization working for the poor and needy people of the country.
The Committee also approved Technical Supplementary and Supplementary Grants for different Ministries and Divisions.