INSUBCONTINENT EXCLUSIVE:
ISLAMABAD: Adviser to Prime Minister on Finance, Revenue and Economic Affairs, Dr
Abdul Hafeez Shaikh, chaired a assembly of the Economic Coordination Committee (ECC) of the Cabinet to planned upon various proposals and
recommendations submitted the Divisions.The ECC approved a proposal of Power Division to allow additional supply of 150 MW of power through
National Grid to K-Electric so as to address power shortage in Karachi
In order to supply additional power supply to the seven tribal agencies of ex-FATA, the Committee approved additional subsidy amounting to
Rs.1.8 billion to Tribal Electric Supply Company (TESCO) for the month of Ramzan
The Power Division informed that the government had been paying the electricity bills of the domestic consumers of former tribal agencies
through subsidy of Rs.1.3 billion per month
The ECC also acceded to the proposal of Groundtremble Reconstruction and Rehabilitation Authority by granting tax exemption to the projects
being constructed under Saudi Enjoymentd for Development Grant
Secretary Ministry of National Food Security and Research gave a presentation to the Committee updating it about the availability of wheat
He informed that the wheat procurement process was being conducted smoothly by the provincial government (Punjab) and PASSCO
The Committee approved the proposed procurement target of wheat crop for the year 2018-19 to the tune of 5.15 million tons with financial
limit of Rs.158.5 billion
On the proposal of Ministry of Maritime Affairs, the ECC waived off demurrage (KPT storage charges) on the consignments of rice to be
distributed among the needy people by a non-profit welfare organizations working for the poor and the needy people of the country
The Committee also approved Technical Supplementary and Supplementary Grants for different Ministries/Divisions.TheIndianSubcontinent has
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