ECC approved Prime Minister’s Relief Package of five essential items on subsidized rates through Utility Stores Corporation
Chitral Times Report
ISLAMABAD: Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet, today. Federal Minister for Commerce Syed Naveed Qamar, Federal Minister for Power Mr. Khurram Dastgir Khan, Federal Minister for Information and Broadcasting Maryam Aurangzeb, Federal Minister for Industries and Production Makhdoom Syed Murtaza Mehmood, Minister of State for Petroleum Mr. Musadik Masood Malik, SAPM on Finance Mr. Tariq Bajwa, SAPM on Revenue Mr. Tariq Mehmood Pasha, Coordinator to PM on Commerce & Industry Rana Ihsan Afzal, Federal Secretaries and other senior officers attended the meeting.
The ECC was considered a summary of Finance Division regarding revision in Home Remittance Incentive Schemes. The ECC after discussion approved the proposal of changes in the contours of six incentives schemes of SBP in order to improve the inflow of remittances, and to get optimal remittance inflow through formal channels. The ECC considered and noted the comprehensive report on damaged wheat of PASSCO due to rainfall and floods 2022 presented by Ministry of National Food Security & Research. ECC also considered a summary of Ministry of Energy (Power Division) regarding a contract with TAVNIR Iran for the purchase of 104MW electricity.
The ECC approved the amendments in the contract with TAVANIR related to extension of Tariff for existing supply of 104MW (Jackigur-Mand) from 1st January 2022 to 31st December 2024, negotiating tariff for additional supply (Polan-Gabd) and tariff agreed for additional supply of 100MW through Polan-Gabd Transmission Line from 16th March 2023 to 31st December 2024. The ECC also considered and approved another summary of Power Division regarding application of uniform tariff for KE consumers by way of tariff rationalization.
The ECC approved tariff rationalization for K-Electric by way of adjustments that shall be applicable on the consumption of April, May, and June 2023 to be recovered from consumers in three months (July, August, and September 2023), respectively. The ECC also considered and approved the summary of Ministry of Energy regarding proposed amendments in Transmission Line Policy 2015 (the TL Policy 2015) for inclusion of ancillary services projects in its scope.
The summary of Ministry of Industries and Production regarding continuation of Prime Minister’s Relief Package of five essential items on subsidized rates through Utility Stores Corporation (USC) for FY 2023-24 for 10 months from 1st August, 2023 to 30th June, 2024 (excluding month of Ramzan) was approved with direction that there should be no increase in the price of Atta. The ECC also considered and approved following Technical Supplementary Grants:
1. Rs. 3000 million in favor of Ministry of Information & Broadcasting for Prime Minister’s Health Insurance Scheme for Media Workers, Journalists and Artists and Provisions of Film Finance Fund to MOIB.
2. Rs. 500 million in favor of Ministry of Defence for Defence Services for security related requirements of JSHQ, during FY 2023-24.
