ISLAMABAD – The Economic Coordination Committee (ECC) has approvedprocurement of 5.15 million tons of wheat target with financial limit of158.5 billion rupees this year.
The ECC, which met in Islamabad on Wednesday with Prime Minister’s Adviseron Finance Dr Abdul Hafeez Shaikh, also approved additional supply of 150MW of power through National Grid to K-Electric to address power shortagein Karachi.
The Committee approved additional subsidy amounting to 1.8 billion rupeesto Tribal Electric Supply Company (TESCO) for the month of Ramazan toprovide additional power supply to the seven tribal agencies of ex-FATA.The Power Division informed that the government has been paying theelectricity bills of domestic consumers of former tribal agencies through asubsidy of 1.3 billion rupees per month.
ECC acceded to the proposal of Earthquake Reconstruction and RehabilitationAuthority by granting tax exemption to the projects being constructed underSaudi Fund for Development Grant.
Read Top Stories
It waived off Karachi Port Trust’s storage charges on the consignments ofrice to be distributed among the needy people by a non-profit welfareorganization working for the poor and needy people of the country.
The Committee also approved Technical Supplementary and SupplementaryGrants for different Ministries and Divisions.
