ECC directs BISP to disburse Rs25,000/household in flood affected areas

August 30, 2022 (MLN): The Economic Coordination Committee (ECC) of the Cabinet has directed BISP to disburse a total of Rs25,000 per household in calamity affected districts for poverty score up to 32, said a statement issued by Finance Division on Tuesday.

It was also decided that Finance Division will consult with BISP to discuss the financial implications and required modalities. Furthermore, Federal government will ask the provinces to provide their share in the relief for flood affectees.

The summary was submitted by Ministry of Poverty alleviation and social safety for emergency cash assistance to affectees of flash floods 2022. Unprecedented rains and flash floods across the country have resulted in loss of lives and properties. In view of above.

In today’s meeting, Ministry of Communication also submitted a summary for extension of time to complete the business plan of NHA from June 30, 2022 to September 30, 2022.

It was shared that NHA has already shared information with ADB consultant for preparation of business plan of NHA. However additional time is required to complete the same. T

his summary was approved by ECC after through deliberation with the provision that no further extension would be given.

In case, a further extension is sought, Finance Division will start deducting interest on Cash Development Loans (CDL).

Federal Minister for Finance and Revenue Mr. Miftah Ismail presided over the said meeting.

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