Business

ECC approves Rs. 5.57 biln to Ministry of Commerce for payment of Federal Govt’s share of 50:50 basis with provinces on import of Urea fertilizer

ISLAMABAD, May 16 (SABAH): Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet on Tuesday.

Federal Minister for Commerce Syed Naveed Qamar, Federal Minister for Industries and Production Syed Murtaza Mahmud, Federal Minister for Climate Change Senator Sherry Rehman, Minister of State for Finance and Revenue Dr. Aisha Ghous Pasha, SAPM on Finance Mr. Tariq Bajwa, SAPM on Revenue Tariq Mehmood Pasha, Coordinator to the PM on Economy Bilal Azhar Kayani, Coordinator to PM on Commerce & Industry Rana Ihsan Afzal Federal Secretaries and other senior officers attended the meeting.

The ECC considered and approved the following Technical Supplementary Grants/ Supplementary Grants:

i.      Rs. 100 Million to NHA under PSDP 2022-23 for construction of road from Dalbandin to Ziarat Balanosh (77 kms).

ii.      Rs. 1,666 Million in favour of NHA to meet its expenditure incurred on restoration of roads damaged during flood 2022.

iii.     Rs. 5.57 billion to Ministry of Commerce for payment of Federal Govt’s share of 50:50 basis with provinces on import of Urea fertilizer. The ECC further advised the Ministry of Industries & Production to ensure early clearance of subsidy payable by the provinces on imported urea.

iv.     Rs. 17.3 Million in favour of Prime Minister’s Inspection Commission to meet its employee related expenditures.

v.     Rs. 922 Million in favour of Ministry of Energy (Power Division) for execution of development project “Construction of 2nd Circuit stringing from Jiwani to Gwadar”.

vi.     Rs. 1 billion in favour of Cabinet Division for SDGs Achievement Programme (SAP) for on-going schemes.

vii.    Rs. 50 million in favour of Ministry of Poverty Alleviation & Social Safety for SOS Children’s Villages, Pakistan.

viii.   Rs. 550 Million in favour of Ministry of Information and Broadcasting for publicity/awareness campaigns of the Federal Government during the current financial year.

ix. Rs. 1146.284 Million in favour of Ministry of Commerce for Pakistan’s Trade Missions abroad.