Times of Islamabad

Economic Coordination important meeting held in Islamabad

Economic Coordination important meeting held in Islamabad

ISLAMABAD – Economic Coordination Committee has approved grant of sixbillion rupees subsidy for Utility Stores Corporation of Pakistan forprocurement of essential commodities, including flour, sugar, ghee,oil,pulses and rice.

The ECC, which met in Islamabad on Monday with Advisor to Prime Minister onFinance Dr. Abdul Hafeez Shaikh in the chair, approved the subsidy.

These essential items will be available for general public on subsidizedrates at Utility Stores to facilitate common people across Pakistan.

ECC also approved reallocation of a fund of supplementary grant of overfour billion rupees lapsed last year under the Sustainable DevelopmentGoals Achievement Programme.

The re-allocated funds would be to make specific interventions as perdemand of the people.

The ECC also approved a technical supplementary grant of 7.904 billionrupees for operational cost of Anti-Narcotics Force.

It also approved submission of supplementary budget statement amounting to170.418 billion rupees from the Federal Consolidated Fund for the lastfinancial year 2018-19 to National Assembly.