ISLAMABAD – On a proposal by the Defence Division, the ECC allowed theCapital Development Authority to collect charges against allotment of 45acres land in Jagiot Farm in Islamabad to the Directorate General of theInter-Service Intelligence (ISI) as per Rs2,250 per square yard rate withthe total implication of Rs490.05 million as already approved by the primeminister in May 2018.
The ECC approved a TSG amounting to Rs490.05 million for the purpose.
On a proposal by the Industries and Production Division, the ECC approved areduction in duties and taxes for a period of three months to ensureuninterrupted supply of oxygen gas and cylinders in the country for medicalpurposes. The ECC also directed the Ministry of National Health ServicesRegulations and Coordination and Ministry of Interior to clear all theoutstanding dues payable to oxygen manufacturing companies as per the legalprovisions of contracts.
The committee also considered and approved a proposal by the FinanceDivision for a new lending policy to the provincial governments for their‘Ways and Means’ requirements and for the signing of agreements by FinanceDivision and the State Bank of Pakistan to implement the new lendingpolicy.
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Under the new policy, the existing ‘Ways and Means’ limit for Punjab hasbeen changed from Rs37 billion to Rs77 billion; Sindh Rs39 billion (fromRs15 billion), Khyber Pakhtunkhwa Rs27 billion (from Rs10.1 billion) andBalochistan Rs17 billion (from Rs 7.1 billion).
