ECC meeting held to discuss important Government spendings

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The press release on Wednesday announced the details of the meeting held by ECC. The Economic Coordination Committee held a meeting at the cabinet division that was chaired by Dr.Abdul Hafeez Shaikh, Adviser to the Prime Minister on Finance and Revenue.

The Committee discussed important grants and spending for the following:

  • Rs.3.2 Bn for PIACL (Pakistan International Airline Corporation Limited) to pay the markup against GOP guaranteed loans.
  • Rs25,206,953 in favor of Pakistan Academy for Rural Development (PARD) Peshawar for the current financial year.
  • Rs 7.947 Bn to NDMA on account of procurement of emergency equipment through Pakistan Foreign Mission in China
  • Rs. 1300 Mn to Pakistan Atomic Energy Commission to pay its liabilities
  • Rs. 235 Mn to Deputy Commissioner Islamabad for making payment of internal security duty allowance to troops of Pakistan Rangers deployed in Islamabad
  • Rs. 500 Mn to the Ministry of Information and Broadcasting to meet the expenditure of media campaign on Covid-19
  • Rs. 100 Mn for National Disaster Management Authority (NDMF) for procuring equipment for locust control in Punjab
  • Rs.4.5 Bn for the capacity building of Civil Armed forces as requested by the Ministry of Interior
  • Rs.80 Mn for Competition Commission of Pakistan for different expenses
  • Rs 100 Mn for the purchase of kerosene oil by Head Quarters Frontier Corps KP (North) to be used in different locations posts¬†
  • Rs.8.093 Mn for the Privatization Division for employee-related expenditure
  • Two TSGs amounting to Rs 1192.325 Mn and Rs 358.506 Mn for Ministry of Federal Education and Professional Training for the Award of Scholarships to Afghan students

 

ECC likewise affirmed payment of loans adding up to Rs 30.807 Bn to EarthQuake Reconstruction and Rehabilitation Authority. ECC likewise affirmed the “handing over of the Pakistan Machine Tool Factory to Strategic Plans Division. With the end goal of the operationalization of PMTF, Rs 500 Mn will be given to SPD as an advance.

The Federal Government will pay all the liabilities accumulated till the exchange of the executives control of PMTF to SPD, after the fractional settlement of liabilities of Rs 1.78 Bn. ECC additionally affirmed the “Risk Sharing Facility” for SBP Refinance Scheme to help business and prevent the cutback of laborers.¬†