ECC approves grant of Rs 20bn for procurement of Covid-19 vaccine

June 1, 2021: The Federal Minister for Finance and Revenue, Shaukat Tarin, chaired a special meeting of the Economic Coordination Committee (ECC) of the Cabinet yesterday.

Federal Minister for Planning, Development and Special Initiatives Asad Umar, Federal Minister for Privatization Muhammad Mian Soomro, Federal Minister for Railways Azam Swati, Adviser to the PM on Commerce Abdul Razak Dawood, Adviser to the PM on Institutional Reforms and Austerity Dr. Ishrat Hussain, SAPM on Finance and Revenue Dr. Waqar Masood, Finance Secretary and other senior officers participated in the meeting.

The ECC meeting was specially called to provide technical supplementary grant of USD 130 million (equal to approximately Rs.20 billion) to the National Disaster Management Fund to ensure timely procurement of Corona Vaccine for the effective national response to COVID-19 Pandemic. The funds will be utilized for the procurement of 10 million doses of the COVID vaccine during the month of June 2021.

During the new financial year, the need for additional funds will be reviewed and additional funds will be provided accordingly. The administration of vaccine shall be the responsibility of M/o National Health Services Regulation and Coordination and Provincial Health Departments.

Press Release