45 Acres of Land allotted in Islamabad to Directorate General of ISI by ECC

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45 Acres of Land allotted in Islamabad to Directorate General of ISI by ECC

ISLAMABAD - On a proposal by the Defence Division, the ECC allowed the Capital Development Authority to collect charges against allotment of 45 acres land in Jagiot Farm in Islamabad to the Directorate General of the Inter-Service Intelligence (ISI) as per Rs2,250 per square yard rate with the total implication of Rs490.05 million as already approved by the prime minister 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 a reduction in duties and taxes for a period of three months to ensure uninterrupted supply of oxygen gas and cylinders in the country for medical purposes. The ECC also directed the Ministry of National Health Services Regulations and Coordination and Ministry of Interior to clear all the outstanding dues payable to oxygen manufacturing companies as per the legal provisions of contracts.

The committee also considered and approved a proposal by the Finance Division for a new lending policy to the provincial governments for their ‘Ways and Means’ requirements and for the signing of agreements by Finance Division and the State Bank of Pakistan to implement the new lending policy.

Under the new policy, the existing ‘Ways and Means’ limit for Punjab has been changed from Rs37 billion to Rs77 billion; Sindh Rs39 billion (from Rs15 billion), Khyber Pakhtunkhwa Rs27 billion (from Rs10.1 billion) and Balochistan Rs17 billion (from Rs 7.1 billion).