Tuesday, 16 July 2024, 08:44:53 am

ECC approves 18 supplementary grants worth over Rs245b
June 13, 2024

The Economic Coordination Committee of the Cabinet has approved eighteen supplementary grants worth over 245 billion rupees.

The approval was granted by the ECC at its meeting in Islamabad today Finance Minister Muhammad Aurangzeb in the chair.

These supplementary grants include 126.848 million rupees to the Cabinet Division for clearing the requirements of outstanding custom duties, 29 million rupees to the President Secretariat, 5,400 million rupees to the Ministry of National Health Services, 4.92 billion rupees to the Ministry of Kashmir Affairs and Gilgit Baltistan, 6,596 million rupees to the Ministry of National Food Security and 332 million rupees to the Ministry of Economic Affairs for developing Somali National Identification System by NADRA.

Other grants are 14,250 million rupees to the Finance Division as Rupee cover to facilitate the successful implementation of the Women Inclusive Finance Project, 96.9 million to the Finance Division for the implementation of Audit Management Information System, 5 billion rupees to Defence Division as seed money for Green Tourism Pakistan Project, 23.945 billion to the Defence Division against pay shortfalls for current fiscal year, around 15 billion to Ministry of Interior, and 168.834 billion to the Economic Affairs Division on account of revised budget estimates for FY 2023-24.

Furthermore, the proposal of the Ministry of Federal Education and Professional Training to exempt HEC from Relending Policy of Foreign Loans/Credits to autonomous bodies was approved.

The ECC also approved a proposal of Petroleum Division for release of 9 billion rupees for clearing the outstanding claims of OMCs including PSO on account of price differential claims.

The proposal of Ministry of Industries and Production for the export of 0.15 million MT of surplus sugar was approved by ECC with the condition that in the event of a rise in retail price of sugar, the permission to export would be revoked.

It was also directed that it may be ensured that export proceeds be utilized by the mills for clearing the overdue payments to farmers.

The Cabinet Committee also approved the summary of Power Division for the repayment of 82 billion rupees finance facility extended to PHL by OGDCL.