ECC approves 200,000 MT urea import for Kharif 2024

May 08, 2024 (MLN): The Economic Coordination Committee (ECC) of the Cabinet on Tuesday approved the Ministry of Industries & Production's proposal to import 200,000 MT of urea fertilizer to meet the requirements for Kharif 2024.

The Ministry was also directed to continuously assess the demand & supply situation of urea and suggest appropriate measures to the ECC in a timely manner.

ECC also gave go-ahead to the Ministry of Industries & Production’s request for the disbursement of salaries of PSM workers and directed the Ministry to present a detailed plan for the future use of the asset along with timelines.

The ECC considered a summary to authorize BISP to arrange funds from its allocated budget for financing the Special Relief Package for Daily Wage Workers on the Chaman Border, highlighting government support for the vulnerable group.

Further, the ECC considered and approved proposals for Technical Supplementary Grants, including:

• Rs4.8bn for Pakistan Atomic Energy Commission.
• Rs5.8bn for the Earthquake Reconstruction & Rehabilitation Authority's to clear matured liabilities of the contractors.
• Rs3.2bn to Finance Division as rupee cover for the WB funded Financial Inclusion and Infrastructure Project (FIIP).
• Rs162 million to the Ministry of Housing & Works for Repair and Maintenance of Public Buildings in Islamabad.
• Rs.2.2bn to the Ministry of Interior for the FATA TDP-ERP Project. 

The Federal Minister for Finance & Revenue, Senator Muhammad Aurangzeb presided over a meeting of the ECC along with other government officials.

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