Business
ECC approves continuation of Prime Minister's Relief Package
The ECC has also approved changes in the incentives schemes of State Bank of Pakistan to improve the inflow of remittances, and get optimal remittance inflow through formal channels.
Islamabad: The Economic Coordination Committee of cabinet (ECC) on Monday approved the continuation of Prime Minister's Relief Package for five essential items on subsidized rates through Utility Stores Corporation from this August to 30th June next year.
The approval was given at a meeting of the ECC held in Islamabad today, with Finance Minister Ishaq Dar in the chair.
The meeting issued the directive that ther shall be no increase in price of flour (atta).
The ECC also approved changes in the incentives schemes of State Bank of Pakistan to improve the inflow of remittances, and get optimal remittance inflow through formal channels.
It also approved tariff rationalization for K-Electric through adjustments applicable on the consumption of April, May, and June this year to be recovered from consumers in three months (July, August, and September 2023), respectively.
The ECC approved amendments in contract with TAVANIR Iran for extension of power tariff for existing supply of 104MW, negotiating tariff for additional supply (Polan-Gabd) and tariff agreed for additional supply of 100MW through Polan-Gabd Transmission Line from 16th March this year to 31st December next year.
Approval was also accordef3000 million rupees technical supplementary grant in favor of Ministry of Information & Broadcasting for Prime Minister's Health Insurance Scheme for Media Workers, Journalists and Artists and Film Finance Fund.
Another technical supplementary grant worth 500 million rupees was also approved in favor of Ministry of Defence for security related requirements during fiscal year 2023-24.