ECC approves $1 billion to purchase Covid vaccine

According to sources, Finance Minister Shaukat Tarin chaired a meeting of the Economic Coordination Committee (ECC) and approved a grant of $1 billion for procurement of coronavirus vaccine which will be inculcated to seven million people.

Sources revealed that $180 million were approved for the first phase of vaccine procurement.

The vaccines including CanSino, Sinopharm, Sinovac, and Pfizer would be purchased from the approved US$1 billion approved for vaccine procurement.

The meeting also approved a grant for payment of fees of students in underprivileged areas, funds for Ehsaas ‘Koi Bhooka Na Soye’, technical supplementary grant of Rs378 million for the education department, a supplementary technical grant of Rs1.016 billion for the Controller General of Pakistan, another technical supplementary grant of Rs 330 million for Auditor General of Pakistan (AGP).